Ventive Hospitality Limited has approved a significant corporate guarantee following its board meeting held on December 23, 2025, to secure credit facilities for its subsidiary, Kudakurathu Island Resorts Private Limited, sanctioned by ICICI Bank Limited.
The board cleared a total corporate guarantee of USD 39.60 million against a USD 36.00 million credit facility. Of this, USD 12.00 million has received immediate board approval, while the remaining USD 27.60 million will be subject to shareholder consent through a postal ballot.
The ICICI Bank facility carries an interest rate of three-month SOFR plus 240 basis points, with a tenure of seven years from the date of first disbursement. The approved tranche is available for immediate utilisation.
In its regulatory disclosure under SEBI (LODR) Regulations, 2015, Ventive Hospitality clarified that the transaction is conducted on an arm’s-length basis, with no involvement or interest from promoters or group entities. The company stated that there is no immediate financial impact, except for the contingent liability in the event of a default by the subsidiary.
The move underscores Ventive Hospitality’s confidence in Kudakurathu Island Resorts’ growth prospects while adhering to robust corporate governance standards.
