Oswal Pumps Ltd. Approves Corporate Guarantees for Subsidiary
Oswal Pumps Ltd. announced on March 28, 2026, that its Board of Directors has approved the issuance of corporate guarantees for its wholly-owned material subsidiary, Oswal Solar Energy Private Limited.The Board approved a corporate guarantee of up to Rs. 86,16,00,000 for credit facilities being availed by Oswal Solar Energy Private Limited from the State Bank of India. Additionally, a corporate guarantee of up to Rs. 50,00,00,000 was approved to secure credit facilities from Yes Bank Limited.
The Board meeting commenced at 3:20 PM and concluded at 4:00 PM.
The corporate guarantees represent a contingent liability for Oswal Pumps Limited. Oswal Solar Energy Private Limited was formerly known as Oswal Solar Structure Private Limited.
| S. No. | Particulars | Details | |
|---|---|---|---|
| 3 | Brief details of such guarantee or indemnity or becoming a surety viz. brief details of agreement entered (if any) including significant terms and conditions, including amount of guarantee. | Oswal Solar Energy Private Limited has obtained a sanction from the State Bank of India for availing credit facilities upto an amount not exceeding Rs. 86,16,00,000/- (Rupees Eighty Six Crore and Sixteen Lakh Only) in tranches and has requested the Company to provide a Corporate Guarantee for securing the said credit facilities. The Corporate Guarantee shall remain in full force and effect till such time the guaranteed obligations are repaid in full by Oswal Solar Energy Private Limited. | Oswal Solar Energy Private Limited has obtained a sanction from the Yes Bank Limited for availing credit facilities upto an amount not exceeding Rs. 50,00,00,000/- (Rupees Fifty Crore Only) in tranches and has requested the Company to provide a Corporate Guarantee for securing the said credit facilities. The Corporate Guarantee shall remain in full force and effect till such time the guaranteed obligations are repaid in full by Oswal Solar Energy Private Limited. |
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