Integrated Industries Issues Rs 25 Crore Corporate Guarantee for Subsidiary's Loan
Integrated Industries has provided a corporate guarantee of Rs 25 crores to Union Bank of India as security for a loan facility availed by its material subsidiary, Nurture Well Foods Limited (NWFL). The transaction was conducted at arm's length with no promoter interest. While there's no immediate operational impact, it creates a contingent liability for Integrated Industries. The company has disclosed this action to BSE Limited in compliance with SEBI regulations.

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Integrated Industries , formerly known as Integrated Technologies Limited, has taken a significant financial step by issuing a corporate guarantee of Rs 25.00 crores to Union Bank of India. This guarantee serves as security for a loan facility availed by its material subsidiary, Nurture Well Foods Limited (NWFL).
Key Details of the Corporate Guarantee
| Aspect | Details |
|---|---|
| Guarantor | Integrated Industries Limited |
| Beneficiary | Union Bank of India (Lender) |
| Amount | Rs 25.00 crores |
| Purpose | Security for loan facility to Nurture Well Foods Limited |
| Impact on Guarantor | Contingent liability |
| Immediate Operational Impact | None reported |
Transaction Insights
The company has confirmed that this transaction was conducted at arm's length, with no interest from the promoter, promoter group, or group companies. This assertion underscores the company's commitment to maintaining transparent and fair business practices.
Financial Implications
While there is no immediate impact on Integrated Industries' operations, the guarantee does create a contingent liability for the company. This liability would only materialize if NWFL fails to meet its repayment obligations to Union Bank of India.
Regulatory Compliance
In line with regulatory requirements, Integrated Industries has duly informed the BSE Limited about this corporate action. This disclosure was made under Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015.
Conclusion
This corporate guarantee represents a significant financial commitment by Integrated Industries to support its material subsidiary. While it doesn't affect day-to-day operations, it does highlight the interconnected nature of the company's business structure and its willingness to back its subsidiaries' financial endeavors. Stakeholders will likely monitor NWFL's performance and its ability to meet its loan obligations to avoid any potential impact on Integrated Industries.
Historical Stock Returns for Integrated Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.52% | -1.40% | -12.25% | -14.83% | -30.20% | +61,500.00% |




























