Wholly owned subsidiaries issue corporate guarantees for bank facilities of up to Rs. 150 cr, Rs. 250 cr and Rs. 398.3 cr
Wholly owned subsidiaries have issued corporate guarantees to IndusInd Bank (via trustee Vistra ITCL) for facilities of up to Rs. 150 crores, Rs. 250 crores and Rs. 398.3 Crores.
By ScoutQuest · · 2 min read
- Guarantee amount
- up to Rs. 150 crores
- Guarantee amount
- up to Rs. 250 crores
- Guarantee amount
- up to Rs. 398.3 Crores
What was disclosed
The company informed the exchanges that its wholly owned subsidiaries have issued corporate guarantees in favour of Vistra ITCL (India) Limited, acting as trustee on behalf of IndusInd Bank Limited, to secure bank facilities taken by the company and by its wholly owned subsidiaries.
The three guarantees
- Four wholly owned subsidiaries, JMK Holdings Limited, Signature Infrabuild Limited, Sternal Buildcon Limited and Forever Buildtech Limited, have issued a corporate guarantee for the Rupee Term Loan facility of up to Rs. 150 crores availed by the Company.
- Three wholly owned subsidiaries, JMK Holdings Limited, Signature Infrabuild Limited and Sternal Buildcon Limited, have issued a corporate guarantee for the Rupee Term Loan facility of up to Rs. 250 crores availed by Forever Buildtech Limited, a wholly owned subsidiary.
- Forever Buildtech Limited has issued a corporate guarantee for existing bank guarantee and term loan facilities of up to Rs. 398.3 Crores availed by the Company, Signatureglobal Homes Limited, Signatureglobal Developers Limited and Signatureglobal Business Park Limited, all wholly owned subsidiaries.
Inside the Rs. 398.3 Crores
- Signatureglobal Homes Limited: Rs. 38.5 Crores
- Signatureglobal Developers Limited: Rs. 50.6 Crores
- Signatureglobal Business Park Limited: Rs. 13.2 Crores
- Signatureglobal (India) Limited: Rs. 296 Crores
What a corporate guarantee means
In simple terms, the guarantor subsidiary is standing behind the borrower's loan. If the borrower does not repay, the guarantor is obliged to pay. Each guarantee here is described as unconditional, absolute, irrevocable and continuing, and covers repayment of all amounts due under the facility agreement.
Impact stated by the company
The company states that the corporate guarantee is a contingent liability for the guarantors, and that there is no impact of the guarantee on the Company.
Promoter interest
The company states that the guarantors are its wholly owned subsidiaries and that the promoters and promoter group do not have any interest in this transaction.
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10 Oct 2026
Q2FY27 update: pre-sales INR 18.3 bn, collections up 51% QoQ, realization up 12.3%
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More numbers
- Rupee Term Loan facility availed by the CompanyRs. 150 crores
- Rupee Term Loan facility availed by Forever Buildtech LimitedRs. 250 crores
- Existing facilities covered by Forever Buildtech guaranteeRs. 398.3 Crores
- Facilities sanctioned to Signatureglobal Homes LimitedRs. 38.5 Crores
- Facilities sanctioned to Signatureglobal Developers LimitedRs. 50.6 Crores
- Facilities sanctioned to Signatureglobal Business Park LimitedRs. 13.2 Crores
- Facilities sanctioned to Signatureglobal (India) LimitedRs. 296 Crores
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