Caliber Mining Board Backs ₹200 Crore Guarantees, Including ₹20 Crore HDFC Bank Facility

Caliber Mining and Logistics Limited's board approved corporate guarantees of up to ₹200 crore for its wholly owned subsidiaries CNRPL and CMMPL at a meeting on October 27, 2026, with a specific ₹20 crore guarantee to HDFC Bank Limited. ScanX reported the approval, which covers bank and institutional credit facilities until March 31, 2027.

How the Caliber Guarantees Are Structured

The omnibus limit allows guarantees for fund-based and non-fund-based facilities, with an aggregate outstanding of ₹100 crore for each subsidiary, Caliber Natural Resources Private Limited (CNRPL) and Caliber Mines and Minerals Private Limited (CMMPL). The ₹20 crore HDFC Bank guarantee sits inside CNRPL's ₹100 crore limit rather than adding to it. It secures a vehicle or equipment loan for CNRPL's sub-contract work at the Dudhichua Open Cast Project of Northern Coalfields Limited.

Caliber Mining will earn a guarantee commission of 1% per annum on the guaranteed amount plus applicable GST, a rate the company said aligns with Rule 28(2) of the Central Goods and Services Tax Rules, 2017. The transaction is exempt from shareholder approval under Regulation 23(5)(b) of the SEBI Listing Regulations because the entities are wholly owned subsidiaries, though the Audit Committee reviewed and recommended the proposal.

CNRPL has undertaken to use the loan only for tippers, dumpers and heavy earthmoving machinery for the sub-contract, and must furnish a utilisation certificate from a Chartered Accountant and indemnify Caliber Mining for any amounts paid under the guarantee. The guarantees carry no immediate impact on Caliber Mining's financial position but constitute a contingent liability.

Caliber Mining's Fleet and Revenue Scale

According to akta.pro company records, Caliber Mining is an integrated mining and logistics provider founded in 1989 and headquartered in Nagpur, serving Coal India subsidiaries and select third parties across Maharashtra, Chhattisgarh and Madhya Pradesh. The same records show revenue from operations of ₹95,311.60 lakhs in Fiscal 2024, a 60.05% CAGR from ₹37,208.38 lakhs in Fiscal 2022, and a fleet of 1,473 vehicles as of October 2024, including 600 tippers, 46 loaders, 96 excavators and 447 tip trailers.

Caliber Mining's Path to the October Approval

Caliber Mining raised ₹134.99 crore from anchor investors ahead of an initial public offering scheduled to open on July 17, 2026, FinTechBizNews reported. The company launched a ₹450 crore IPO comprising a fresh issue and an offer for sale by promoter shareholders, Bar and Bench reported. In results reported by ScanX, Caliber Mining posted a 67% revenue rise to ₹6,569.33 crore in Q1FY27 while net profit fell 22% to ₹297.21 crore as EBITDA margins contracted from 24.33% to 16.80%.

What Comes Next for Caliber Mining

The guarantees remain valid until March 31, 2027, the same date through which akta.pro company records show an enhanced CRISIL credit rating valid, supporting bankability ahead of a planned IPO.