Board Meeting15 Nov 2025, 04:21 pm
Retina Paints Ltd. Approves Corporate Guarantee of up to Rs. 6.00 Crore for Retina Retail Limited
AI Summary
Retina Paints Ltd. announced the outcome of its Board Meeting held on November 15, 2025, where it approved providing a corporate guarantee for an amount not exceeding Rs. 6.00 crore in favor of Union Bank of India. This guarantee is given as collateral for securing the regular Cash Credit facilities sanctioned to Retina Retail Limited. The guarantee is provided on an arm's length basis and will be disclosed as a contingent liability in the Company's Standalone Financial Statements.
Key Highlights
- Retina Paints Ltd. to provide a corporate guarantee of up to Rs. 6.00 crore to Union Bank of India
- The guarantee is for securing the Cash Credit facilities sanctioned to Retina Retail Limited
- The transaction is done on an arm's length basis
- The corporate guarantee will be disclosed as a contingent liability in the Company's financial statements
Price Impact
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