Subsidiary13 Jun 2026, 10:30 am
Pharmaids Pharma Guarantees ₹55 Lakhs Loan for Subsidiary
AI Summary
Pharmaids Pharmaceuticals Ltd has issued a corporate guarantee of ₹55,00,000 to State Bank of India on behalf of its unlisted material subsidiary, Adita Bio Sys Private Limited. This guarantee secures a new loan facility for Adita under the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0. The company stated that the promoter/promoter group/group companies have no interest in this transaction, and it is conducted at arm's length. The guarantee represents a contingent liability for Pharmaids Pharmaceuticals Ltd, with no immediate impact on the company's financials as it pertains to a consolidated group entity.
Key Highlights
- Pharmaids Pharma provides ₹55 Lakhs corporate guarantee to subsidiary Adita Bio Sys.
- Guarantee is for a new loan facility under ECLGS 5.0.
- No promoter/group company interest in the transaction.
- Guarantee is a contingent liability with no immediate impact.
Price Impact
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