FilingReader Intelligence

Galaxy Surfactants guarantees subsidiary performance for global customer

October 14, 2025 at 06:09 AM UTCBy FilingReader AI

Galaxy Surfactants Limited has disclosed the execution of a corporate guarantee on October 13, 2025. This guarantee is provided as a performance guarantee for a global customer, specifically covering the performance of a wholly-owned subsidiary.

The transaction is a further development of a previously disclosed matter on March 5, 2025. The company explicitly stated that there is a possibility of financial outflows, which are contingent upon the non-performance by the wholly-owned subsidiary. The disclosure confirms that the promoter or promoter group companies have an interest, and the transaction was conducted at "arm's length."

This announcement was communicated to both the National Stock Exchange of India Limited and BSE Limited.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

BSE:GALAXYSURFBombay Stock Exchange

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