Retina Paints Ltd Provides Corporate Guarantee of Rs. 6.00 Crore to Union Bank of India for Retina Retail Limited

Retina Paints Ltd has approved providing a corporate guarantee of up to Rs. 6.00 crore in favor of Union Bank of India for Retina Retail Limited. 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. The promoters/promoter group/group companies of the company do not have any interest in this transaction.