Bhagiradha Chemicals & Industries Ltd

Bhagiradha Chemicals Extends ₹30 Crore Corporate Guarantee for Subsidiary 🏦

- Bhagiradha Chemicals extends ₹30 crore corporate guarantee for its wholly-owned subsidiary, Bheema Fine Chemicals.

- Guarantee favors ICICI Bank to secure credit limits for the subsidiary.

- No promoter/promoter group interest in this transaction; executed at arm's length.

- Marked as a contingent liability in company books.

- No immediate financial impact on Bhagiradha Chemicals as of the announcement date.