Indoco Remedies approves corporate guarantee for subsidiary Warren Remedies

Indoco Remedies Limited's Committee of Executive Directors approved a corporate guarantee of up to a maximum principal amount of 25 crores in Indian rupees in favor of HDFC Bank Limited. This guarantee is for loan and credit facilities to be availed by Warren Remedies Private Limited, a wholly-owned subsidiary of Indoco Remedies. The approval was made at a meeting on October 29, 2025.

The corporate guarantee is structured at arm's length. Ms. Aditi Panandikar, a promoter of Indoco Remedies, also serves as a director of Warren Remedies Private Limited. This guarantee will establish a contingent liability not exceeding 25 crores in Indian rupees in the books of Indoco Remedies. The committee meeting commenced at 10:30 a.m. (IST) and concluded at 11:00 a.m. (IST) on the same day.