Rajshree Polypack Limited has informed the Exchange regarding 'Issuance of Corporate Guarantee in favour of Citi Bank N.A. for credit facilities granted to Olive Ecopak Private Limited, Joint Venture Company- Regulation 30 of SEBI(LODR) Regulations, 2015'.With reference to the captioned subject, we would like to inform you that Olive Ecopak Private Limited, Joint Venture Company ( JV Company ) was sanctioned a loan of Rs. 15 Crores (Rupees Fifteen Crores only) ( Loan ) by Citi Bank NA for the purpose of funding the working capital requirements of the JV Company. One of the conditions of the Loan include grant of corporate guarantee by the Company.The Audit Committee of the Company in its meeting held on March 12, 2024 has approved grant of corporate guarantee in favour of the Citi Bank NA, as regards the Loan availed by the JV Company.