Alkem Laboratories has issued a corporate guarantee amounting to Euro 54.45 Million to HSBC UK Bank plc. This guarantee supports a term loan of Euro 49.5 Million obtained by Occlutech Holding AG, a step-down subsidiary based in Switzerland. The company has disclosed this information as per SEBI LODR Regulations. A copy of this disclosure will be made available on Alkem’s website.
Corporate Guarantee Issued for Subsidiary Loan
Alkem Laboratories Limited announced today that it has provided a corporate guarantee to HSBC UK Bank plc. The guarantee is for an amount of Euro 54.45 Million, facilitating a term loan of Euro 49.5 Million for its step-down subsidiary, M/s. Occlutech Holding AG. The subsidiary is located in Switzerland.
Transaction Details and Subsidiary Information
The corporate guarantee was issued on an arm’s length basis. The promoter, promoter group, and group companies have confirmed they have no interest in this particular transaction. M/s. Occlutech Holding AG is identified as a key entity in this financial arrangement.
Impact on Listed Entity
This corporate guarantee represents a contingent liability for Alkem Laboratories. The company would be liable to pay in the event that Occlutech defaults on its loan obligations. The details of the agreement, including the significant terms and conditions and the guarantee amount, have been provided in accordance with regulatory requirements.
Regulatory Compliance
The disclosure has been made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Alkem Laboratories confirms that all necessary information as required by SEBI LODR Regulations and relevant circulars has been submitted. The company will also publish this disclosure on its official website as mandated by Regulation 30(8) of the SEBI LODR Regulations.
Source: BSE
