Vandan Foods Approves ₹9.9 Cr Corporate Guarantee for Ditya Agri

Vandan Foods Ltd announced that its Board of Directors has approved the issuance of a Corporate Guarantee amounting to ₹9.90 Crore in favor of Canara Bank, Gandhinagar Branch. This guarantee is to secure credit facilities for Ditya Agri Industry (OPC) Private Limited. The facilities include a ₹5 Crore term loan for the acquisition of an industrial unit in Vijapur, Gujarat, and ₹4.90 Crore for working capital requirements. The company stated that the promoter/promoter group/group companies do not have any interest in this transaction, and the borrower is not a related party. Mr. Nikunjbhai Mukeshbhai Choksi, a shareholder in Vandan Foods, is the sole member and director of Ditya Agri Industry. The corporate guarantee represents a contingent liability for Vandan Foods, with a maximum liability capped at ₹9.90 Crore upon invocation. The Board meeting took place on October 1, 2026.