Antony Waste Handling Cell issues ₹20 Cr guarantee for Mumbai Eco Solutions
Antony Waste Handling Cell Ltd has issued a corporate guarantee of ₹20,00,00,000 in favour of Kotak Mahindra Bank Limited for its subsidiary, Mumbai Eco Solutions Private Limited. The guarantee, compliant with SEBI regulations, creates a contingent liability with no immediate financial impact unless the subsidiary defaults.

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Antony Waste Handling Cell Ltd has issued a corporate guarantee of ₹20,00,00,000 for its subsidiary, Mumbai Eco Solutions Private Limited. The guarantee has been extended in favour of Kotak Mahindra Bank Limited to support credit facilities availed by the subsidiary. This transaction creates a contingent liability for the company, which will be impacted only if the subsidiary fails to meet its repayment obligations to the lender.
The corporate guarantee was issued in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the promoter, promoter group, and group companies have no interest in this transaction, and it has been conducted at arm's length.
Details of the Guarantee
The filing provided specific details regarding the transaction and the parties involved. The guarantee amount is fixed at a principal sum of ₹20,00,00,000 (Rupees Twenty Crore only).
| Particulars | Description |
|---|---|
| Name of party | Mumbai Eco Solutions Private Limited ("Mumbai Eco") |
| Guarantee amount | ₹ 20,00,00,000 (Rupees Twenty Crore only) |
| Beneficiary | Kotak Mahindra Bank Limited |
| Promoter interest | No interest; transaction at arm's length |
The company stated that there is no immediate financial impact from this guarantee. However, Antony Waste Handling Cell Ltd will be liable to the extent of the guaranteed amount if Mumbai Eco Solutions Private Limited defaults on its repayment obligations to Kotak Mahindra Bank Limited.
Historical Stock Returns for Antony Waste Handling Cell
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.16% | -2.78% | +4.21% | -2.58% | -29.47% | +35.96% |
What specific projects or capital expenditures will Mumbai Eco Solutions undertake using the credit facilities backed by this guarantee?
How will this new contingent liability affect Antony Waste Handling Cell's existing credit ratings and borrowing capacity?
What are the current revenue streams and financial health of Mumbai Eco Solutions that justify the confidence to extend this guarantee?































