BSECompany Update15 Oct 2026 · 15 Oct 2026, 06:31 pm
Maitri Enterprises Limited has issued a Corotate Guarantee in favor of Bank of India for credit facilities of up to Rs. 40 Crores to Gayatri infrastructure Limited for financing the construction and development of the "Maitri Elevate Scheme" at Motera, Ahmedabad. The transaction is at arm''s length and involves a contingent liability for the Company, with no immediate cash outflow.
Maitri Enterprises Ltd · 513430
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Maitri Enterprises Ltd has issued a corporate guarantee to Bank of India for up to Rs. 40 Crores to Gayatri Infrastructure Ltd for financing the construction and development of the 'Maitri Elevate Scheme' at Motera, Ahmedabad. The transaction is at arm's length and involves a contingent liability for the company with no immediate cash outflow.
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Full Announcement
Maitri Enterprises Ltd - 513430 - Announcement Under Regulation 30 Of SEBI LODR- Giving Of Guarantees Or Indemnity Or Becoming A Surety For Any Third Party
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Date: October 15, 2026
BSE Limited
Floor 25 P.J. Tower,
Dalal Street,
Mumbai – 400 001,
Scrip Code: 513430
Sub: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No.
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026 (“SEBI Circular”).
Dear Sir / Madam,
This is to inform you that Maitri Enterprises Limited (“Company”) in compliance with the SEBI Listing
Regulations and relevant SEBI Circular is hereby disclosing details of the Corporate Guarantee issued by
the Company for Gayatri Infrastructure Limited (“GIL” / “Borrower”), in favor of Bank of India.
The detailed disclosure as required under Regulation 30 of the SEBI Listing Regulations read with the
aforementioned SEBI Circular is set out in Annexure – A enclosed herewith.
We request you to kindly take this on your record and oblige.
Thanking you,
Yours faithfully,
For Maitri Enterprises Limited
Jaikishan R. Ambwani
Managing Director
DIN: 03592680
ANNEXURE – A
Disclosures pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015
Sr. Particulars Details
a) Name of party for which such Gayatri Infrastructure Limited (“GIL” /
guarantees or indemnity or surety “Borrower”).
was given
b) Whether the promoter/ promoter Yes.
group/ group companies have any
interest in this transaction? If yes, 1. Maitri Enterprises Limited is a shareholder of
nature of interest and details thereof GIL holding 15.98% of its equity share capital.
and whether the same is done at
“arm’s length” 2. Promoters/Directors of the Company, namely
Mr. Rameshlal B. Ambwani, Mr. Deepak R.
Ambwani, Mr. Jaikishan R. Ambwani, and Mrs.
Sarla Jaikishan Ambwani, are directors/
promoters/shareholders of GIL and collectively
hold 26.77% of its equity share capital.
3. The transaction is conducted at arm’s length on
mutually agreed commercial terms in compliance
with applicable provisions of the Companies Act,
2013 and SEBI Listing Regulations.
c) Brief details of such guarantee or Execution of Corporate Guarantee in favour of
indemnity or become a surety viz. Bank of India for securing the due repayment and
brief details of agreement entered discharge of credit facilities/term loan sanctioned
into (including any warrant / coupon or to be sanctioned to GIL up to a principal
etc.) amount not exceeding Rs. 40,00,00,000/- (Rupees
Forty Crore only), together with all interest,
additional/penal interest, charges, liquidated
damages, costs, and expenses payable by GIL
under the relevant financing documents.
d) Impact of such guarantees or The Corporate Guarantee represents a contingent
indemnity or surety on listed entity liability for the Company up to an amount of Rs.
40.00 Crore (plus applicable interest, charges, and
costs). There is no immediate cash outflow or
adverse financial impact on the operations of the
Company, subject to GIL duly servicing its
obligations.
e) Purpose for which the credit facility The credit facilities secured by the Corporate
is utilized / to be utilized by the Guarantee are to be utilized solely for financing
borrower the construction and development of the “Maitri
Elevate Scheme” situated at Motera, Ahmedabad –
380005, which is in line with GIL’s principal
business activities.