Giving guarantees/indemnity/ becoming a surety for third party

Antony Waste Handling Cell Limited has issued a corporate guarantee of up to ₹50 crore on behalf of its material subsidiary, Antony Lara Enviro Solutions Private Limited, in favor of Oxyzo Financial Services Limited. This guarantee facilitates credit facilities availed by the subsidiary, thereby creating a contingent liability for Antony Waste. The company confirmed that the transaction is at arm's length and promoters have no interest.