Rajasthan Securities Approves ₹40 Cr Loan & Corporate Guarantee for Subsidiary

Rajasthan Securities Ltd's Board of Directors, following Audit Committee approval, has sanctioned a corporate guarantee and a loan of ₹40 Crore for its wholly-owned subsidiary, RSL Securities Private Limited. The corporate guarantee is to facilitate business loan facilities from Neuzen Finance Private Limited for the subsidiary. The company stated that this guarantee represents a contingent liability with no immediate impact on Rajasthan Securities Ltd, as it is provided for a 100% subsidiary. The transaction was conducted at arm's length, with no interest from promoters or group companies.