Rithwik Facility Management Services has issued a corporate guarantee of Rs. 1 Cr to Canara Bank for its wholly-owned subsidiary, Rithwik Indus Power Private Limited.

This guarantee enables the subsidiary to secure a crucial working capital facility, bolstering its operational funding.

For the parent company, this commitment appears as a contingent liability in its financial statements, a standard practice for supporting subsidiary liquidity.

This move reflects ongoing financial support within the group, aiming to strengthen the subsidiary's business continuity without immediate direct impact beyond accounting disclosure.