Flair Writing Industries to Issue Corporate Guarantee of ₹20 Crore for Subsidiary Flomaxe Stationery
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 its 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 financial support mechanism for a subsidiary. the disclosure of a procedural delay in regulatory filings, while noted, does not significantly impact the company's core operations or financial health.
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Flair Writing Industries to Issue Corporate Guarantee of ₹20 Crore for Subsidiary Flomaxe Stationery
December 19, 2025, 11:47 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 its step-down subsidiary, M/s. Flomaxe Stationery Private Limited.
The Corporate Guarantee, provided on an arm's length basis, is for an amount up to ₹20,00,00,000 (Rupees Twenty Crores). This guarantee is intended to facilitate credit facilities for Flomaxe Stationery Private Limited from banks and financial institutions.
The Board also addressed a procedural delay in the submission of Related Party Transactions disclosures for the half-year ended September 30, 2025. The company clarified that the delay was unintentional and due to technical errors on the BSE platform, while the filing was timely on the National Stock Exchange. The matter was placed before the Board, which noted the unintentional non-compliance and advised on meticulous adherence to compliance requirements going forward. The fine levied by the stock exchanges for this delay has been paid.
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