Usha Martin announces the release of a corporate guarantee previously issued on behalf of Brunton Wire Ropes FZCo., UAE, a wholly-owned subsidiary. The guarantee, which covered an export import bank undertaking to India, amounted to USD 5 Million. The release was communicated in an official statement by Export Import Bank of India and received by the company today, November 7, 2025.
Corporate Guarantee Update
Usha Martin has received confirmation regarding the release of a Corporate Guarantee. This guarantee was initially provided on behalf of their subsidiary, Brunton Wire Ropes FZCo., located in the UAE.
Details of the Guarantee
The Corporate Guarantee secured an export import bank facility extended to India, totaling USD 5 Million. The release was formally communicated by the Export Import Bank of India. Usha Martin received official notification of the release earlier today, November 7, 2025, at 11:31 A.M.
Source: BSE
