Three Wholly Owned Subsidiaries Issue Corporate Guarantee for Rs. 100 Crore ICICI Bank Term Loan
Three wholly owned subsidiaries — Signatureglobal Homes, Fantabulous Town Developers and Signatureglobal Business Park — have issued a Corporate Guarantee to ICICI Bank Limited.
- Loan Facility Amount
- not exceeding Rs. 100 crores
- Lender
- ICICI Bank Limited
- Guarantor Entities
- Signatureglobal Homes, Fantabulous Town Developers and Signatureglobal Business Park
- Guarantee Type
- unconditional, absolute, irrevocable and continuing
What happened
Three wholly owned subsidiaries of the company — Signatureglobal Homes Limited, Fantabulous Town Developers Limited and Signatureglobal Business Park Limited — have issued a Corporate Guarantee in favour of ICICI Bank Limited.
What it secures
- A Rupee Term Loan facility not exceeding Rs. 100 crores sanctioned to and availed by Signatureglobal (India) Limited as borrower.
- The guarantee is described as unconditional, absolute, irrevocable and continuing in nature.
- It covers repayment of all amounts due under the facility agreement.
What a corporate guarantee means
A guarantee is a promise by the guarantor to repay the lender if the borrower does not. Here the subsidiaries stand behind the parent company's loan. Lenders commonly ask for such support within a group.
Company's stated position
- The guarantee is a contingent liability for the guarantors.
- The company states there is no impact of this guarantee on the company.
- The guarantors are wholly owned subsidiaries; the promoters and promoter group do not have any interest in this transaction.
How investors may read it
The arrangement keeps the borrowing and the support within the same group, since the guarantors are fully owned by the company. The size of the facility, Rs. 100 crores, indicates the maximum exposure covered by the guarantee.
Also from Signatureglobal (India)
Q2FY27 pre-sales of INR 18.3 billion; collections up 51% QoQ to INR 10.1 billion
10 Oct 2026
Q2FY27 update: pre-sales INR 18.3 bn, collections up 51% QoQ, realization up 12.3%
10 Oct 2026
AGM Approves New Statutory Auditors and Re-appointment of Three Independent Directors
26 Sep 2026
More numbers
- Rupee Term Loan facility secured by guaranteeRs. 100 crores
- Number of wholly owned subsidiaries issuing guaranteethree
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.