Hazoor Multi Projects Ltd. Board Approves Corporate Guarantee for Subsidiary
Hazoor Multi Projects Limited announced on March 25, 2026, that its Board of Directors has approved a corporate guarantee for its wholly-owned subsidiary, Square Port Shipyard Private Limited. The guarantee secures credit facilities from Bank of Baroda.The corporate guarantee covers a term loan facility of Rs. 45,00,00,000 (Rupees Forty-Five Crores) and a cash credit facility of Rs. 5,00,00,000 (Indian Rupees Five Crores), collectively referred to as the "Facilities."
According to the company, no other parties, including promoters, promoter groups, or group companies, have an interest in this transaction, which will be issued on an arm's length basis. The Board noted that the issuance of the corporate guarantee represents a contingent liability for Hazoor Multi Projects Limited and currently has no impact on the company.
| Particulars | Details |
|---|---|
| Name of party for which such guarantees or indemnity or surety was given | M/s. Square Port Shipyard Private Limited |
| Interest of promoters/group companies | Except Square Port Shipyard Private Limited, no other parties (promoter/ promoter group/ group companies) are interested in this transaction. |
| Details of the guarantee | Corporate Guarantee for a term loan facility of Rs. 45,00,00,000 and a cash credit facility of Rs. 5,00,00,000 from Bank of Baroda to Square Port Shipyard Private Limited. |
| Impact on listed entity | Contingent liability; no current impact on the Company. |
Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.