Maitri Enterprises Guarantees ₹40 Cr Loan for Gayatri Infrastructure

Maitri Enterprises Limited has issued a corporate guarantee to Bank of India for credit facilities amounting up to ₹40 Crores for Gayatri Infrastructure Limited (GIL). This guarantee is to 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 also have a collective 26.77% interest in GIL. The transaction is conducted at arm's length. The guarantee represents a contingent liability of ₹40.00 Crore for Maitri Enterprises, with no immediate financial impact, provided GIL services its obligations.