Belrise Industries Limited has announced the issuance of a Corporate Guarantee amounting to GBP 1,38,60,000 (approximately ₹146.96 crore) to ICICI Bank UK PLC. This guarantee serves as security for a term loan facility sanctioned to Belrise UK Holdings Limited, a step-down wholly-owned subsidiary of the company. The corporate guarantee is in the nature of financial support for the subsidiary and represents a contingent liability for Belrise Industries Limited. There is no immediate impact on the company's financials as a result of this guarantee, which is a continuing guarantee valid for the period of the facility. The company has made this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The details of the transaction, including the name of the party for whom the guarantee was given, the amount, and its impact, have been provided as per SEBI guidelines. This intimation will be hosted on the company's website under the 'Investor Relations' tab.
