StockWatch
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Holding Company
Loan & Debt28 Jul 2026, 09:00 pm

Max India Executes ₹25 Cr Corporate Guarantee for Subsidiary Loan

AI Summary

Max India Ltd has executed a corporate guarantee of ₹25 Crores in favour of Axis Bank Limited for a credit facility availed by its wholly owned subsidiary, Antara Assisted Care Services Limited (AACSL). This guarantee is part of an earlier approved aggregate amount of up to ₹75 Crores for loan facilities to its subsidiaries. The disclosure provides an update on the specific lending bank and the allocation of the approved guarantee amount. The company had previously intimated the board's approval for these guarantees on May 28, 2026. This disclosure will also be available on the company's website.

Key Highlights

  • Max India executed a ₹25 Cr corporate guarantee for subsidiary AACSL.
  • Guarantee is for credit facility availed from Axis Bank.
  • Part of an earlier approved aggregate guarantee of ₹75 Cr.
  • Disclosure updates lending bank and guarantee allocation.
  • Event occurred at 18:40 Hours today.