Flair Writing Industries approves Corporate Guarantee for step down subsidiary, addresses BSE delay.
Flair Writing Industries Limited announced that its Board of Directors, in a meeting held on December 19, 2025, approved the issuance of a Corporate Guarantee for financial facilities availed by M/s. ...
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Why is Flair Writing Industries Limited in the news today?
Flair Writing Industries Limited (FLAIR) is in the news due to the approval of a corporate guarantee is a routine corporate action. the delay in filing was procedural and has been addressed, with a fine paid, indicating no significant negative impact.
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Flair Writing Industries approves Corporate Guarantee for step down subsidiary, addresses BSE delay.
December 19, 2025, 11:45 AM
Flair Writing Industries Limited announced that its Board of Directors, in a meeting held on December 19, 2025, approved the issuance of a Corporate Guarantee for financial facilities availed by M/s. Flomaxe Stationery Private Limited, a step-down subsidiary. The guarantee, provided on an arm's length basis, is for an amount up to ₹20,00,00,000 (Rupees Twenty Crores). The Board also addressed a procedural delay of one day in the submission of Related Party Transactions disclosures for the half-year ended September 30, 2025, to BSE Limited. The company clarified that the delay was unintentional due to technical errors, and the filing was subsequently completed on November 07, 2025. The Board noted the matter, reiterated the company's commitment to timely compliance, and acknowledged that the fine levied by the stock exchanges has been paid.
The Board meeting commenced at 04:00 p.m. and concluded at 04:20 p.m.
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