Vandan Foods Ltd Issues Corporate Guarantee for Pharmearth Private Limited's Working Capital Facility

Vandan Foods Ltd has issued a corporate guarantee for a working capital facility being availed by Pharmearth Private Limited. The directors and shareholders of Pharmearth Private Limited hold a minor shareholding in Vandan Foods Ltd. The guarantee is provided on an arm's length basis and does not impact the company at this point. The corporate guarantee is a contingent liability for Vandan Foods Ltd.