KG Petrochem Ltd

KG Petrochem Issues ₹24 Crore Corporate Guarantee for HEX Exports 🏦

- KG Petrochem Ltd issued a ₹24 Crore corporate guarantee to HDFC Bank on behalf of HEX Exports Pvt Ltd.

- The guarantee supports HEX Exports' credit facility.

- No promoter/promoter group/group companies have any interest in this transaction.

- The deal is conducted at arm's length basis.

- No immediate financial or operational impact expected unless the guarantee is invoked.

- If invoked, the guarantee could affect KG Petrochem's financial standing.