Corporate Guarantee of ₹4,00,00,000 to SBI Released and Discharged

The ₹4,00,00,000 corporate guarantee given to State Bank of India on behalf of Fibcorp Polyweave Private Limited has been released and discharged by SBI.

Thu 24 Sep 2026

Corporate Guarantee Amount

₹4,00,00,000

Guarantee Recipient

State Bank of India

Guarantee Provider (On Behalf Of)

Fibcorp Polyweave Private Limited

Discharge Confirmation Date

24 September 2026

Original Disclosure Date

30 August 2025

What was shared

The company told BSE and NSE that a corporate guarantee it had earlier given has been released.

• Guarantee amount: ₹4,00,00,000 (Rupees Four Crore only)
• Given in favour of: State Bank of India
• On behalf of: Fibcorp Polyweave Private Limited
• Originally disclosed on 30 August 2025
• SBI's confirmation of release and discharge received on 24 September 2026

What a corporate guarantee means

When a company guarantees another entity's bank borrowing, it promises to repay the lender if that entity defaults. Such a promise sits as a contingent liability — an obligation that becomes real only if the borrower fails to pay.

Effect of the release

With the bank confirming release and discharge, the company is no longer answerable for the ₹4,00,00,000 obligation. Investors generally read the removal of such a support obligation as a reduction in off-balance-sheet exposure.

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