CMLL : APPROVES CORPORATE GUARANTEES WORTH UP TO RS 20 CR FOR WHOLLY OWNED SUBSIDIARIES

• Board approved guarantees up to ₹100 Cr for each of CNRPL and CMMPL, ₹200 Cr for both taken together, valid to March 31, 2027 • Specific guarantee of up to ₹20 Cr in favour of HDFC Bank for CNRPL's vehicle/equipment loan, within the ₹100 Cr limit • Loan to be used solely to acquire tippers, dumpers and HEMM for sub-contract work at Dudhichua OCP of Northern Coalfields, under work order dated August 25, 2026 • Guarantee commission at 1% per annum of the guaranteed amount plus applicable GST • Company says no immediate impact on financial position; guarantee constitutes a contingent liability Impact: Neutral (Supports equipment financing at wholly owned subsidiaries, but adds contingent liability exposure up to ₹200 Cr)

Caliber Mining And Logistics Ltd

Open attachment

← Back to feed