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Sandhar Technologies Limited — Capital/Financing Update 2025
Feb 27, 2025
60876_rns_2025-02-27_5e888357-132c-41de-8bcf-e176808e6344.pdf
Capital/Financing Update
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Ref: STL /SE/ 2024-2025/Regulation 30/67
Dated: 27[th] February, 2025
To, To, Department of Corporate Services, Listing Department, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Dalal Street C-1, G-Block, Bandra-Kurla Complex Mumbai — 400001 Bandra, (E), Mumbai — 400051
BSE Code: 541163; NSE: SANDHAR
Sub.: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosures - Requirements) Regulations, 2015 Issuance of Corporate Guarantee
Dear Sir/ Madam,
Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that Sandhar Technologies Limited (“the Company”) has issued a Corporate Guarantee for Sandhar Engineering Private Limited (wholly owned subsidiary of the Company).
Details as required under SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 is enclosed herewith as Annexure A .
We request you to kindly take the above on record.
Thanking you,
Your faithfully,
For Sandhar Technologies Limited
Digitally signed by Yashpal Jain Yashpal Jain Date: 2025.02.27 18:04:57 +05'30' Yashpal Jain (Chief Financial Officer & Company Secretary) M. No. A13981
Sandhar Technologies Limited
Corporate Office: 13, Sector-44, Gurugram-122 002, Haryana, India. Ph: + 91 12-4518900 Registered Office: B-6/20, L.S.C., Safdarjung Enclave, New Delhi-110 029, India, Ph: +91-11-40511800 E-mail: [email protected], website: www.sandhargroup.com; CIN-L74999DL1987PLC029553
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Annexure-A
The details as required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 are as under:
| S. No. |
Details of events that needs to be provided |
Information of such event(s) |
|---|---|---|
| 1. | Name of party for which such guarantees or indemnity or surety was given; |
Sandhar Engineering Private Limited (wholly owned subsidiary of the Company)(SEPL) |
| 2. | Whether the promoter/ promoter group/ group companies have any interest in this transaction? If yes, nature of interest and details thereof and whether the same is done at “arm’s length”; |
No Sandhar Engineering Private Limited (wholly owned subsidiary of the Company) |
| 3. | Brief details of such guarantee or indemnity or becoming a surety viz. brief details of agreement entered (if any) including significant terms and conditions, including amount of guarantee; |
The Company has issued a Corporate Guarantee in favour of Bajaj Finance Limited to facilitates the Term Loan facility upto INR.16,00,00,000/- (Indian Rupee Sixteen Crores Only) vide agreement dated 27thFebruary, 2025 |
| 4. | Impact of such guarantees or indemnity or surety on listed entity. |
The Corporate Guarantee provided by the Company to secure the facility to be availed by the Borrower (wholly owned subsidiary) will be contingent liability for the Company. On consolidated basis, it has no impact, as accounts of the SEPL will be consolidated with the Company |
Sandhar Technologies Limited
Corporate Office: 13, Sector-44, Gurugram-122 002, Haryana, India. Ph: + 91 12-4518900 Registered Office: B-6/20, L.S.C., Safdarjung Enclave, New Delhi-110 029, India, Ph: +91-11-40511800 E-mail: [email protected], website: www.sandhargroup.com; CIN-L74999DL1987PLC029553