Swan Corp Ltd. Issues Corporate Guarantee for Subsidiary
Swan Corp Ltd. announced on March 27, 2026, that it has issued a corporate guarantee for a sum of Rs. 72.57 crores (Rupees Seventy Two Crores and Fifty Seven lakhs) to secure the repayment obligations of Swan LNG Private Limited, a subsidiary company.According to details released, there is no direct interest of Swan Corp Ltd. promoters or promoter group companies in the transaction, except for the fact that Swan LNG Private Limited is a subsidiary of Swan Corp Ltd.
The corporate guarantee of Rs. 72.57 crores is in relation to the repayment obligations of Swan LNG Private Limited. Swan Corp Ltd. stated that the issuance of the guarantee will have no immediate pecuniary impact on the company.
| Particulars | Details |
|---|---|
| Name of party for which such guarantees or indemnity or surety was given | Swan LNG Private Limited (SLPL) |
| Interest of promoters/ group companies | No direct interest except that SLPL is a subsidiary of Swan Corp Limited |
| Details of guarantee | Issuance of Corporate Guarantee by Swan Corp Limited for an amount of Rs. 72.57 crores (Rupees Seventy Two Crores and Fifty Seven Lakhs) for securing repayment obligation of SLPL. |
| Impact on Swan Corp Ltd. | No immediate pecuniary impact |
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