Optiemus Infracom Limited announced on June 10, 2026, that its Operations and Administration Committee has approved an enhancement of the Corporate Guarantee for its wholly-owned subsidiary, Optiemus Electronics Limited. The guarantee amount has been increased from Rs. 35.50 Crores to Rs. 60 Crores. This increased guarantee will support credit facilities availed or to be availed by the subsidiary from CSB Bank Limited.
Corporate Guarantee Enhancement Approved
Optiemus Infracom Limited has officially disclosed a significant decision made by its Operations and Administration Committee during a meeting held on June 10, 2026. The committee has approved an enhancement to the corporate guarantee facility provided to Optiemus Electronics Limited, a wholly-owned subsidiary of the company. This move is intended to bolster the subsidiary’s financial capacity for securing credit facilities.
Increased Financial Support for Subsidiary
The approved enhancement will see the total Corporate Guarantee amount extended to Optiemus Electronics Limited increase from the previous Rs. 35.50 Crores to Rs. 60 Crores. This revised guarantee will serve as collateral for credit facilities that Optiemus Electronics Limited has availed or is planning to avail from CSB Bank Limited. The meeting where this approval was granted commenced at 04:30 P.M. and concluded at 04:50 P.M. on the same day.
Transaction Details and Impact
Details regarding the guarantee provided for Optiemus Electronics Limited specify that the corporate guarantee will be issued by Optiemus Infracom Limited on an arm’s length basis. The promoter and promoter group of Optiemus Infracom Limited do not hold any interest in this particular transaction. The impact of this guarantee on the listed entity, Optiemus Infracom Limited, will be treated as a contingent liability.
Source: BSE
