Corporate guarantee to be extended to ICICI Bank for wholly owned subsidiary's INR 70 crore facility
SAMHI Hotels will extend a corporate guarantee in favour of ICICI Bank Limited for a loan facility of INR 70 crore availed/to be availed by Duet India Hotels (Hyderabad) Private Limited, its 100% subsidiary.
By ScoutQuest · · 2 min read
- Corporate guarantee size
- INR 70 crore
- Borrower / ownership
- Duet India Hotels (Hyderabad) Private Limited, 100% subsidiary
- Company's stated impact
- no material impact of this corporate guarantee on the company
What was announced
SAMHI Hotels Limited will be extending a corporate guarantee in favour of ICICI Bank Limited, in relation to a loan facility of INR 70 crore availed or to be availed by Duet India Hotels (Hyderabad) Private Limited. The borrower is a wholly owned subsidiary of the company.
The guarantee is to be issued on the terms and conditions stated in the Credit Arrangement Letter dated 07 October 2026 issued by the lender.
The parties in the arrangement
- Guarantor: SAMHI Hotels Limited
- Lender: ICICI Bank Limited
- Borrower: Duet India Hotels (Hyderabad) Private Limited, in which SAMHI Hotels holds 100% of the paid-up share capital
- Size of the facility being guaranteed: INR 70 crore
Promoter interest
The company states that it holds 100% of the paid-up share capital of the borrower, and that none of the promoters or promoter group companies have any interest in this transaction. The corporate guarantee is proposed to be provided on an arm's length basis.
The company's stated view on impact
Against the point on the impact of such guarantee or surety on the listed entity, the update states that there is no material impact of this corporate guarantee on the company.
How to read a corporate guarantee
- A corporate guarantee is a promise by the guarantor to pay the lender if the borrower does not repay. It does not move cash on the day it is given; it becomes a payment obligation only if the borrower defaults.
- The amount to keep in mind is INR 70 crore, which is the size of the loan facility that the listed company has agreed to stand behind.
- Since the borrower is a 100% subsidiary, the loan sits within the company's own group rather than with an unrelated party.
- The terms governing the guarantee are those set out in the lender's Credit Arrangement Letter dated 07 October 2026.
What investors can take away
This is a disclosure of a financial commitment taken on by the listed parent for a subsidiary's borrowings, along with the company's own assessment that the impact is not material. The guarantee is described as being at arm's length.
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More numbers
- Loan facility guaranteed in favour of ICICI BankINR 70,00,00,000/-
- SAMHI Hotels' holding in Duet India Hotels (Hyderabad)100%
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