Smart Finsec Ltd: Corporate Guarantee Released by Axis Bank

Smart Finsec Limited (SFL) has received a release letter from Axis Bank Limited, confirming the cessation of its corporate guarantee. This guarantee was previously provided in favor of Axis Bank Limited in connection with credit facilities availed by Smart Equity Brokers Private Limited. While the underlying credit facility arrangement remains active, SFL's obligation under the corporate guarantee has now ended. This development signifies a reduction in SFL's contingent liabilities.