Radiant Cash Management to issue ₹400M corporate guarantees for subsidiary
Radiant Cash Management Services Ltd's Board of Directors has approved the issuance of corporate guarantees to banks and financial institutions in favor of its subsidiary, Aceware. The aggregate limit for these guarantees will be up to ₹400 million outstanding at any point. Additionally, the company approved revised limits for granting loans to Aceware, up to ₹300 million outstanding. These proposals are subject to shareholder approval at the upcoming Annual General Meeting (AGM) due to a material modification of earlier approvals. The board also approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, and recommended the re-appointment of M/s. ASA & Associates LLP as statutory auditors.
Key Highlights
- Board approved corporate guarantees up to ₹400M for subsidiary Aceware.
- Loan limits to subsidiary Aceware also revised up to ₹300M.
- Shareholder approval required for revised guarantee and loan limits.
- Unaudited financial results for Q1 FY27 approved.
- Re-appointment of statutory auditors recommended.
Price Impact
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