Maitri Enterprises Guarantees ₹40 Cr for Gayatri Infrastructure

Maitri Enterprises Limited has issued a corporate guarantee of up to ₹40 Crores (₹4,000 Lacs) in favor of Bank of India for credit facilities extended to Gayatri Infrastructure Limited (GIL). These funds will finance the construction and development of the "Maitri Elevate Scheme" in Motera, Ahmedabad. Maitri Enterprises holds a 15.98% stake in GIL, and its promoters/directors collectively hold 26.77% of GIL's equity. The transaction is conducted at arm's length. This guarantee represents a contingent liability for Maitri Enterprises, with no immediate financial impact, provided GIL services its debt obligations.