Antony Waste Guarantees Subsidiary Loan Worth ₹9.88 Cr, Adding Risk

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AuthorIshaan Verma|Published at:
Antony Waste Guarantees Subsidiary Loan Worth ₹9.88 Cr, Adding Risk
Overview

Antony Waste Handling Cell Ltd has issued a corporate guarantee of ₹9.88 crore for its subsidiary, Mumbai Eco Solutions Private Limited, to secure credit facilities from Bajaj Finance Limited. This action introduces a contingent liability for the parent company, which could be required to cover the loan payments if its subsidiary defaults.

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Antony Waste Handling Cell Ltd has issued a corporate guarantee of ₹9.88 crore for its subsidiary, Mumbai Eco Solutions Private Limited, dated May 13, 2026. This guarantee supports credit facilities the subsidiary is securing from Bajaj Finance Limited. The move follows a similar ₹47.16 crore guarantee the parent company provided for Mumbai Eco Solutions in January 2024.

This financial commitment creates a contingent liability for Antony Waste Handling Cell Ltd. Essentially, the parent company could be required to repay the ₹9.88 crore loan if its subsidiary, Mumbai Eco Solutions, defaults on its obligations to Bajaj Finance. While this arrangement enables Mumbai Eco Solutions to access necessary funding for its operations, it also introduces potential financial risk for Antony Waste.

In January 2024, Antony Waste previously provided a ₹47.16 crore corporate guarantee for its subsidiary's credit facilities, which were then with HDFC Bank.

Investors will be closely monitoring Mumbai Eco Solutions' financial health and its repayment performance on this new loan. Any default by the subsidiary would directly impact Antony Waste Handling Cell Ltd's financial standing. The waste management sector, where Antony Waste operates, includes peers like EPS India Ltd.

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