Loan & Debt24 Apr 2026, 07:21 pm
Oval Projects Issues ₹8.83 Cr Corporate Guarantee for Promoter Group Co.
AI Summary
Oval Projects Engineering Ltd has issued a corporate guarantee of Rs. 883.00 Lakhs to Punjab National Bank. This guarantee secures credit facilities, including a term loan, cash credit, and bank guarantee, for Oval Fresh Private Limited, a promoter group company. The corporate guarantee represents a contingent liability for Oval Projects Engineering Ltd, with no immediate financial impact on the company.
Key Highlights
- Oval Projects issued a corporate guarantee of ₹8.83 Cr.
- Guarantee is for credit facilities to promoter group company, Oval Fresh Pvt Ltd.
- The guarantee is a contingent liability for Oval Projects.
- No immediate financial impact is expected on the company.
- The guarantee secures term loan, cash credit, and bank guarantee facilities.
Price Impact
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