Jindal Worldwide Ltd

Jindal Worldwide Backs Subsidiary with ₹6.89 Cr Guarantee 🏦

- Jindal Worldwide approved a ₹6.89 Cr corporate guarantee for its wholly-owned subsidiary, Planet Spinning Mills.

- The guarantee supports credit facilities for machinery purchases, backed by SIDBI.

- The transaction is at arm’s length, with SIDBI not being a related party.

- Approved by the Board on 13th November 2025, executed on 11th December 2025.

- Will be recorded as a contingent liability in Jindal’s books.