The Board of Directors of CCL Products has approved the issuance of a corporate guarantee in favor of JP Morgan Chase Bank, N.A., London Branch, for credit facilities up to CHF 20 million (or equivalent). This guarantee will support Continental Coffee SA, Switzerland, a wholly-owned subsidiary of CCL Products. The decision was made during a board meeting concluded on January 12, 2026.
Corporate Guarantee Approval
The Board of Directors of CCL Products has approved the issuance of a Corporate Guarantee in favor of JP Morgan Chase Bank, N.A., London Branch (“Lender”). This decision was made to support the credit facilities availed by Continental Coffee SA, Switzerland (“Borrower”), which is a wholly-owned subsidiary of the Company.
Guarantee Details
The guarantee is for an amount of up to CHF 20 Million or equivalent. The potential liability of the Company under the Guarantee shall not exceed CHF 22 Million or equivalent (i.e. 110% of the total facility amount provided to the Borrower).
Rationale
The corporate guarantee is provided for a wholly-owned subsidiary of the Company, part of the Consolidated Group. The company has no interest in the proposed transaction except for its Holding Company and Wholly Owned Subsidiary relationship.
Board Meeting Conclusion
The Board Meeting commenced at 10:15 am (IST) and concluded at 01:20 pm (IST) on January 12, 2026.
Impact
The corporate guarantee provided is a contingent liability for the Company, with no immediate impact on the company’s financials. The corporate guarantee is at arm’s length basis. The guarantee supports the operations of a key subsidiary.
Source: BSE
