Vraj Iron and Steel Limited has announced an enhancement of its existing corporate guarantee for its associate company, Vraj Metaliks Private Limited. The guarantee, provided in favor of HDFC Bank Limited, has been increased from ₹25 crore to ₹35 crore. The company has disclosed this information in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The enhanced corporate guarantee is intended to support the business and operational requirements of Vraj Metaliks Private Limited. While the Promoter/Promoter Group, including Managing Director Mr. Vijay Anand Jhanwar, has expressed interest in this transaction, the company states it will be undertaken on an arm's length basis and in the ordinary course of business. Vraj Iron and Steel Limited notes that the corporate guarantee represents a contingent liability and currently has no direct impact on the listed entity.