Giving guarantees/indemnity/ becoming a surety for third party

United Foodbrands Limited has provided a bank guarantee via a Stand-by Letter of Credit amounting to 17 Cr through ICICI Bank Limited to support a foreign currency term loan availed by its wholly owned step-down subsidiary.

This financial backing is issued in tranches aligned with the subsidiary's loan drawdowns.

For shareholders, this arrangement creates a contingent liability for the parent company without generating any immediate operational impact.

It facilitates smooth debt financing for group expansion while keeping risk exposure transparent for retail investors tracking the company's financial commitments.