Antony Waste Handling Cell Issues Corporate Guarantee for Subsidiary's Credit Facilities worth ₹50 Crore
Antony Waste Handling Cell Ltd has provided a corporate guarantee in favor of Oxyzo Financial Services Limited on behalf of its material subsidiary, Antony Lara Enviro Solutions Private Limited. The guarantee pertains to credit facilities availed by the subsidiary company up to a principal sum of ₹50,00,00,000.The corporation extended the guarantee for Antony Lara regarding loans taken from Oxyzo Financial Services Limited (formerly known as Oxyzo Financial Services Private Limited).
According to details provided, this corporate guarantee constitutes a contingent liability for Antony Waste Handling Cell Ltd. This liability is contingent upon the subsidiary being unable to meet its repayment obligations to the Lender.
The transaction has been conducted at arm's length, and the promoter or promoter group holds no interest in this specific matter.
Key details regarding the issuance of the Corporate Guarantee are summarized below:
| Particulars | Details |
|---|---|
| Guaranteed Party | Antony Lara Enviro Solutions Private Limited |
| Guarantee Provider | Antony Waste Handling Cell Ltd |
| Financial Institution | Oxyzo Financial Services Limited |
| Principal Sum of Guarantee | ₹50,00,00,000 (Rupees Fifty Crore only) |
| Impact on Listed Entity | The corporate guarantee represents a contingent liability for the Company. |
AWHCL Stock Price Movement
Antony Waste Handling Cell Limited shares today slipped by 1.45% to settle at ₹478 after trading closed in the post-market session. The stock saw significant volume of 282,790 shares and touched a day low of ₹475 during the trading period.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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