Loan & Debt27 May 2026, 12:00 pm
Subam Papers Guarantees ₹11.7 Cr Loan for Nellao Subam Packaging
AI Summary
Subam Papers Ltd has provided a corporate guarantee of ₹11.70 Crore to HDFC Bank for credit facilities extended to Nellao Subam Packaging LLP. The credit facilities include a CC Limit of ₹4.00 Crore and a Term Loan of ₹7.70 Crore. Subam Papers holds an 80% contribution and profit-sharing ratio in Nellao Subam Packaging LLP as a Designated Partner. The promoter group has no interest in this transaction, and the guarantee is at arm's length. This guarantee constitutes a contingent liability for Subam Papers.
Key Highlights
- Subam Papers provides ₹11.70 Cr corporate guarantee to HDFC Bank for Nellao Subam Packaging LLP.
- The guarantee covers a ₹4.00 Cr CC Limit and a ₹7.70 Cr Term Loan.
- Subam Papers holds 80% contribution and profit sharing in Nellao Subam Packaging LLP.
- The corporate guarantee is issued at arm's length.
- The guarantee represents a contingent liability for Subam Papers.