RRIL Approves Rs500 Crore Borrowing Limits And Rs150 Crore Guarantee

Board approved Rs 500 Cr Sec 180/186 limits and Rs 150 Cr guarantee for Sumati Spintex bank facilities, both subject to shareholder nod via postal ballot. First large credit support for yarn associate now termed subsidiary; step change from internal funding to external contingent risk, extending debt-backed expansion and related-party exposure. Creates large contingent liability with common-director promoter interest at arm's length; lender terms, Sumati economics and stake change undisclosed.