Maitri Enterprises Approves Proposed ₹40 Crore Guarantee For Affiliate Loan

Board approved, subject to shareholder approval, related-party transactions up to Rs 250 Cr annually for FY27-FY29, a Rs 200 Cr Section 186 limit increase and a Rs 40 Cr guarantee to Gayatri Infrastructure. The guarantee would fund GIL's Maitri Elevate Scheme; company directors and promoters collectively hold 26.77% in GIL, making this a significant related-party exposure. Guarantee is not yet executed and would create contingent liability if invoked. Security, commission and counter-indemnity terms remain to be finalised; approvals are pending.