Vandan Foods Extends Corporate Guarantee for Pharmearth Loan

Vandan Foods Ltd announced the extension of a corporate guarantee for credit facilities availed by Pharmearth Private Limited. The guarantee is in relation to revised credit facilities from Bank of India, amounting up to INR 17.85 Crores. Pharmearth Private Limited is not a related party, promoter, or promoter group of Vandan Foods. The directors and shareholders of Pharmearth hold a minor shareholding of approximately 0.84% in Vandan Foods. The company states the guarantee is a contingent liability with no immediate impact and was provided on an arm's length basis.