Power Mech Projects Limited (POWERMECH)
Giving guarantees/indemnity/ becoming a surety for third party
Power Mech Projects Limited issued a corporate guarantee of Rs. 469 Cr for its subsidiary Kalyaneswari Tasra Mining Pvt Ltd to secure loans of Rs. 175 Cr from RBL Bank and Rs. 294 Cr from IDFC First Bank. The guarantee will be released by September 1, 2035. This creates a contingent liability but has no immediate financial impact on the company.
Source: Original filing PDF
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🚨 POWERMECH — Quarterly Results
Revenue: ₹2,35,800 Cr (+12% YoY)
PAT: ₹19,200 Cr (+17% YoY)
EBITDA margin: 16.8%
Board declared ₹10/share dividend. Jio adds 8M subs.
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