15-Oct-2026 12:16:49
POWERMECHExpansion
POWERMECH : ISSUES RS 469 CR CORPORATE GUARANTEE FOR SUBSIDIARY
• Company issued corporate guarantee for subsidiary Kalyaneswari Tasra Mining Private Limited (KTMPL) • Guarantee amount not exceeding ₹469 Cr in favour of CTL Trusteeship Limited as Security Trustee • Secures KTMPL financing facilities for project capex including coal handling plant, railway siding and R&R colony construction • Underlying credit facilities comprise RBL Bank loan of ₹175 Cr and IDFC First Bank loan of ₹294 Cr • Corporate guarantee to be released by September 1, 2035 as per terms • No immediate impact on financial position; guarantee is a contingent liability if KTMPL defaults Impact: Neutral (No immediate impact, but ₹469 Cr contingent liability if subsidiary defaults)
Power Mech Projects Ltd
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