NSEGiving guarantees/indemnity/ becoming a surety for third party2d ago · 16 Sept 2026, 06:53 pm
Giving guarantees/indemnity/ becoming a surety for third party
Coromandel International Limited · COROMANDEL
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Coromandel International Limited has issued a corporate guarantee in favor of Citibank N.A. for a working capital facility of USD 14.09 million (equivalent to XOF 7,867.71 million) for its subsidiary Baobab Mining & Chemicals Corporation, Senegal. The guarantee is for 110% of the working capital facility, i.e., USD 15.5 million (equivalent to XOF 8,654.48 million).
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Coromandel International Limited has informed the Exchange about Giving guarantees/indemnity/ becoming a surety for third party
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Coromandel International Limited
Corporate Office: Olympia Terraces,
15B SP, SIDCO Industrial Estate, Guindy,
Chennai – 600032, Tamil Nadu, India
CIN: L24120TG1961PLC000892
Tel: 91-44-42525300
E-mail: mail@coromandel.murugappa.com
Website: www.coromandel.biz
September 16, 2026
Ref. No.: 2026-27/038
National Stock Exchange of India Limited BSE Limited,
Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers,
Bandra-Kurla Complex, Dalal Street,
Bandra (E), Mumbai 400 051 Mumbai 400 001.
Symbol: COROMANDEL S c r i p C o d e : 5 0 6 3 9 5
Dear Sirs,
Sub : Disclosure under Regulation 30 of the Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulation, 2015, as amended
("SEBI Listing Regulations") – Issuance of Corporate Guarantee
In furtherance to our letter ref no. 2026-27/006 dated May 7, 2026 and pursuant to Regulation 30 and
other applicable provisions of the SEBI Listing Regulations, we wish to inform that the Company had
issued corporate guarantee in favour of Citibank N.A towards the working capital facility for Baobab
Mining & Chemicals Corporation, Senegal, a Subsidiary Company.
The details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 read with the SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated
January 30, 2026 are enclosed as Annexure A.
We kindly request you to take the above submission on record.
Thanking you,
Yours truly,
For Coromandel International Limited
B Shanmugasundaram
Company Secretary & Compliance officer
Enclosure: As Above.
Coromandel International Limited
Corporate Office: Olympia Terraces,
15B SP, SIDCO Industrial Estate, Guindy,
Chennai – 600032, Tamil Nadu, India
CIN: L24120TG1961PLC000892
Tel: 91-44-42525300
E-mail: mail@coromandel.murugappa.com
Website: www.coromandel.biz
S. No. Particulars Details
1. Name of party for which such Baobab Mining & Chemicals Corporation, S.A.,
guarantees or indemnity or surety was Senegal (BMCC), a Subsidiary of the Company
given;
2. Whether the promoter/ promoter Coromandel Chemicals Limited (CCL) is a wholly
group/ group companies have any owned subsidiary (WOS) of the Company and
interest in this transaction? If yes, forms part of our Promoter Group. The
nature of interest and details thereof investments in BMCC are held through CCL and
and whether the same is done at the proposed transaction is at arm’s length
“arm’s length”; basis.
3. Brief details of such guarantee or Baobab Mining & Chemicals Corporation, S.A.,
indemnity or becoming a surety viz. Senegal (BMCC) is availing working capital
brief details of agreement entered (if Facility of USD 14.09 Million (equivalent to *XOF
any) including significant terms and 7,867.71 million) from Citibank N.A., for which
conditions, including amount of the company had issued a corporate guarantee
guarantee; of USD 15.5 Million (being 110% of Working
Capital Facility equivalent to *XOF 8654.48
million).
4. Impact of such guarantees or The Corporate Guarantee provided by the
indemnity or surety on listed entity. Company to secure the Facility to be availed by
BMCC will be a contingent liability of the
Company to the extent of facility to be availed
by the BMCC. The Company may be required to
pay under the Guarantee on failure of the BMCC
in repaying the working capital to be availed.
The liability of the Company under the
Corporate Guarantee shall not exceed USD 15.5
Million (110% of Working Capital Facility
equivalent to *XOF 8654.48 million).
*Exchange reference rate has been taken as of today (i.e., 16-09-2026)