VR Infraspace Guarantees Rs 14.35 Crore Loan For Subsidiary Daxon Realty

VR Infraspace issued a corporate guarantee to Indian Bank for ₹14.35 crore of Daxon Realty’s loan facilities. A promoter-group member directs Daxon; the guarantee is stated to be arm’s length but creates contingent liability, despite management’s assertion of no consolidated impact. Context: sizable relative to the company’s historical revenue scale.