Board Meeting18 Sept 2026, 04:09 pm
Bharatam Ventures Guarantees ₹53 Cr for Subsidiary & Director Loans
AI Summary
Bharatam Ventures Limited (formerly Pet Plastics Ltd) announced that its Board of Directors has approved providing a corporate guarantee of ₹53 Crores. This guarantee is in favor of Buldana Urban Co-operative Credit Society Limited. It covers an existing term loan of ₹45 Crores for Penganga Sakhar Karkhana Private Limited, a wholly owned subsidiary, and a ₹8 Crores term loan sanctioned to Director Mr. Balasaheb Eknath Gunjal for the subsidiary's business needs. This will create a contingent liability of ₹53 Crores for Bharatam Ventures.
Key Highlights
- Board approved corporate guarantee of ₹53 Crores.
- Guarantee covers subsidiary's ₹45 Cr term loan.
- Guarantee also covers Director's ₹8 Cr loan for subsidiary.
- Creates contingent liability of ₹53 Crores for the company.
- Transaction is in the ordinary course of business.
Price Impact
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