asia pack has extinguished a corporate guarantee of Rs 23 Lakh furnished to Miraj Entertainment Limited, reducing its contingent liabilities. The guarantee was provided to Saraswat Co-Operative Bank Limited to secure additional credit facilities availed by the borrower. The discharge follows the repayment and closure of the underlying credit facilities by Miraj Entertainment Limited.

The corporate guarantee was initially provided on March 9, 2023. Miraj Entertainment Limited is part of the promoter group of Asia Pack Limited, and the transaction was conducted at arm's length. The extinguishment of the guarantee has no adverse impact on the operations, financial position, or going concern status of the company.

Details of the transaction were disclosed in a filing submitted to BSE Limited on June 25, 2026. The intimation was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of Corporate Guarantee Extinguishment

Asia Pack Limited disclosed the contact details of its Key Managerial Personnel (KMP) authorized for determining materiality of events and making disclosures to stock exchanges. This disclosure follows the recent removal of Mr. Jitendra Purohit as Chief Executive Officer due to severe chronic illness and the subsequent appointment of Mr. Manish Kumar Kothari. The company submitted the information to BSE Limited on May 30, 2026, pursuant to Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Managerial Personnel

The board identified three officers responsible for compliance and disclosures. Mr. Manish Kumar Kothari, who was appointed as Chief Executive Officer on May 29, 2026, is listed alongside Mr. Lakshit Samar, the Company Secretary and Compliance Officer, and Mr. Pushpendra Jain, the Chief Financial Officer. All three officials are based at the company's registered office in Nathdwara, Rajasthan.

Management Transition

The change in leadership was driven by the former CEO's inability to discharge his duties. Mr. Purohit had remained unavailable for over 45 days within a rolling 90-day period due to severe chronic illness. The Nomination and Remuneration Committee had recommended his removal. Mr. Kothari brings over 14 years of experience in accounts, finance, and taxation to the role.