BALAJEE provides ₹4.09 Cr corporate guarantee for subsidiary Jagannath Plastics
Shree Tirupati Balajee Agro Trading Company Limited approved a corporate guarantee of ₹4.09 Crores for its material subsidiary, Jagannath Plastics Private Limited. The guarantee is for an Additional Working Capital Term Loan facility from Bank of Baroda. Promoter Mr. Binod Kumar Agrawal has an interest in the transaction.
The guarantee represents a financial commitment from the parent company, creating a contingent liability. While the amount is significant relative to the company's usual disclosures, the impact is conditional on the subsidiary's repayment ability. This warrants a medium impact assessment.
The company is providing a guarantee for its subsidiary's loan. While this supports the subsidiary's operations, it also introduces a contingent liability for the parent company. The announcement explicitly states no immediate impact, hence the neutral sentiment.
Shree Tirupati Balajee Agro Trading Company Limited announced on Friday, 29th May 2026, that its Board of Directors has approved the issuance of a corporate guarantee.
This guarantee is for an amount of ₹4.09 Crores and is provided to Bank of Baroda, AB Road Branch, Indore. It serves as security for an Additional Working Capital Term Loan facility availed by Jagannath Plastics Private Limited, a material subsidiary of Shree Tirupati Balajee Agro Trading Company Limited.
The promoter of the listed entity, Mr. Binod Kumar Agrawal, is deemed interested in this transaction due to his directorship and shareholding in Jagannath Plastics Private Limited. The corporate guarantee has been provided on an arm's length basis. The company stated there is no immediate impact on Shree Tirupati Balajee Agro Trading Company Limited, except in the event Jagannath Plastics Private Limited is unable to meet its repayment obligations.
What to do with a filing like this
Shree Tirupati Balajee Agro Trading Company Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Shree Tirupati Balajee Agro Trading Company Limited. Read the original for the full detail.