Corporate guarantee extended for subsidiary's credit facilities up to ₹ 9,88,75,000

Antony Waste Handling Cell has extended a corporate guarantee in favour of Bajaj Finance Limited for its subsidiary, Mumbai Eco Solutions Private Limited.

Thu 8 Oct 2026

Credit facility amount (guaranteed)

₹ 9,88,75,000

Company's liability under guarantee

51% of the outstanding amount

Guarantee beneficiary / lender

Bajaj Finance Limited

What happened

• The company has extended a corporate guarantee in favour of Bajaj Finance Limited for and on behalf of Mumbai Eco Solutions Private Limited, a subsidiary of the company.
• The guarantee pertains to credit facilities being availed by the subsidiary.

The amount involved

• The credit facilities aggregate up to ₹ 9,88,75,000 (Rupees Nine Crore Eighty-Eight Lakh Seventy-Five Thousand Only).
• The company's liability under the guarantee is limited to 51% of the outstanding amount under those facilities.
• The guarantee is continuing, irrevocable and unconditional, and the company's liability as guarantor is co-extensive with that of the borrower.
• It can be invoked by the lender on the occurrence of an event of default, and remains valid until full repayment and discharge of all obligations under the facility documents.

Promoter interest

• The promoter, promoter group and group companies are not interested in this transaction.
• The corporate guarantee issued is stated to be at arm's length.

How the company describes the impact

• There is no immediate impact on the company, except to the extent of the amount for which the corporate guarantee has been provided, in the event Mumbai Eco is unable to meet its repayment obligations to the lender.
• The corporate guarantee constitutes a contingent liability for the company.

How to read this

• A corporate guarantee helps a subsidiary obtain credit; it does not by itself bring funds into the listed company.
• It becomes a payment obligation for the listed entity only if the subsidiary defaults and the lender invokes the guarantee.
• The two figures to track are the facility size of ₹ 9,88,75,000 and the capped liability of 51% of the outstanding amount.

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