Arihant Foundations & Housing Board Approves ₹250 Crore Corporate Guarantee for Joint Venture

1 min read     Updated on 10 Mar 2026, 09:58 PM
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Reviewed by
Naman SScanX News Team
Overview

Arihant Foundations & Housing Limited's board approved a corporate guarantee of up to ₹250 crores on March 10, 2026, for joint venture Canopy Living LLP's term loan facility from Aditya Birla Capital Limited. The guarantee supports Canopy Living LLP's access to funding of up to ₹400 crores through an arm's length transaction with no promoter interest. The arrangement creates a contingent liability for the company with no current operational impact.

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Arihant foundations & housing Limited's board of directors has approved the issuance of a corporate guarantee to support its joint venture's financing requirements. The decision was made during a board meeting held on March 10, 2026, as disclosed under Regulation 30 of the SEBI Listing Regulations.

Corporate Guarantee Details

The company has approved a corporate guarantee of up to ₹250 crores to secure the term loan facility being availed by Canopy Living LLP, which is a joint venture of Arihant Foundations & Housing Limited. This guarantee will support Canopy Living LLP's borrowing from Aditya Birla Capital Limited.

Parameter: Details
Guarantee Amount: Up to ₹250 crores
Beneficiary: Canopy Living LLP
Lender: Aditya Birla Capital Limited
Facility Amount: Up to ₹400 crores
Transaction Date: March 10, 2026

Transaction Structure and Compliance

The corporate guarantee has been structured as an arm's length transaction, ensuring compliance with applicable provisions of the Companies Act, 2013 and SEBI Listing Regulations. The company has confirmed that promoters and promoter group entities have no interest in this transaction, maintaining independence in the decision-making process.

The guarantee covers Canopy Living LLP's term loan facility arrangement with Aditya Birla Capital Limited, where the joint venture can access funding of up to ₹400 crores. This financing structure allows the joint venture to pursue its business objectives while providing Arihant Foundations & Housing with exposure to the venture's growth potential.

Financial Impact Assessment

The corporate guarantee represents a contingent liability for Arihant Foundations & Housing Limited. The company has assessed that there is currently no impact of this guarantee on its operations or financial position. As a contingent liability, the guarantee will only affect the company's finances if Canopy Living LLP defaults on its loan obligations to Aditya Birla Capital Limited.

This guarantee arrangement demonstrates the company's commitment to supporting its joint venture partnerships while maintaining appropriate risk management practices. The disclosure was made in compliance with regulatory requirements, ensuring transparency for stakeholders and investors.

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Arihant Foundations & Housing Limited Approves ₹180 Crore Non-Convertible Debentures Issue

1 min read     Updated on 19 Feb 2026, 08:46 PM
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Reviewed by
Radhika SScanX News Team
Overview

Arihant Foundations & Housing Limited's Board of Directors approved the issuance of unlisted, unsecured, redeemable non-convertible debentures worth up to ₹180 crores during their meeting on February 19, 2026. The NCDs will be issued through private placement to eligible investors in one or more tranches, subject to statutory and regulatory approvals. The securities will remain unlisted with allotment scheduled within 30 days of receiving necessary approvals, and detailed terms will be specified in the relevant PAS-4 documentation.

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Arihant Foundations & Housing Limited announced that its Board of Directors has approved a significant fundraising initiative through the issuance of non-convertible debentures. The board meeting, held on February 19, 2026, from 6:00 PM to 6:30 PM, resulted in the approval of unlisted, unsecured, redeemable non-convertible debentures (NCDs) worth up to ₹180 crores.

Board Meeting Outcome

The company's board considered and approved the issuance of NCDs on a private placement basis, targeting eligible investors. The securities will be issued in one or more tranches, providing flexibility in the fundraising process. The approval comes subject to obtaining necessary statutory and regulatory approvals as required under applicable regulations.

NCD Issue Details

The comprehensive details of the proposed NCD issue are structured as follows:

Parameter: Details
Security Type: INR denominated, Unlisted, Unsecured, Redeemable, Non-Convertible Debentures
Issue Mode: Private Placement to eligible investor
Listing Status: No, Unlisted
Total Issue Size: Up to ₹180 Crores
Security Status: Unsecured
Allotment Timeline: Within 30 days subject to statutory/regulatory approvals

Terms and Conditions

The specific terms of the NCD issue, including critical parameters, will be detailed in the relevant PAS-4 documentation. Key aspects to be covered in the PAS-4 include:

  • Total number of securities to be issued
  • Face value of individual debentures
  • Issue price structure
  • Tenure of the instruments
  • Maturity date specifications
  • Coupon or interest rate applicable
  • Principal payment schedule
  • Redemption methodology
  • Special rights and covenants

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had previously intimated the exchange about the board meeting on February 16, 2026. The disclosure follows the requirements under Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Corporate Communication

The formal communication to BSE Limited was signed by Arun Rajan, Chief Executive Officer of Arihant Foundations & Housing Limited. The company trades under scrip code 531381 on the BSE platform. The structured approach to fundraising through NCDs reflects the company's strategic financial planning and commitment to regulatory compliance in its capital market activities.

Historical Stock Returns for Arihant Foundations & Housing

1 Day5 Days1 Month6 Months1 Year5 Years
+2.78%+5.20%+2.28%-1.12%+59.83%+5,018.93%
Arihant Foundations & Housing
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