Comfort Intech Ltd

💰 Comfort Intech Issues Rs. 50 Crore Corporate Guarantee for Associate Company

- Comfort Intech Limited issued a Rs. 50 crore corporate guarantee to HDFC Bank.

- The guarantee secures credit facilities for Comfort Securities Limited (CSL), an associate company.

- CSL shares common promoters with Comfort Intech, and the deal is at arm's length.

- The guarantee is a contingent liability—no immediate financial impact unless CSL defaults.