Loan & Debt28 May 2026, 05:33 pm
Lloyds Enterprises issues 170 Cr corporate guarantee for GMSI debentures
AI Summary
Lloyds Enterprises Limited's Board approved an unconditional and irrevocable corporate guarantee for 170 crore. This guarantee secures the obligations of Geomysore Services India Pvt Ltd (GMSI) related to its issuance of 1,700 unlisted, unrated, senior, secured, redeemable, non-convertible debentures. Lloyds holds a 30.48% economic stake in GMSI through its investment in Prakar Estates and Promoters LLP. The guarantee is extended jointly and severally with Thriveni Earthmovers Private Limited and Prakar Estates and Promoters LLP and will be considered a contingent liability for Lloyds.
Key Highlights
- Lloyds Enterprises issued an unconditional corporate guarantee.
- Guarantee covers 170 crore debentures of Geomysore Services India Pvt Ltd.
- Lloyds holds a 30.48% economic stake in GMSI.
- The guarantee is a contingent liability for Lloyds.
- It was approved by the Board on May 28, 2026.
Price Impact
More from SHRGLTR