Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015.
LIKHITHA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Likhitha Infrastructure Ltd's Board has approved extending corporate guarantees to two overseas entities for FY 2026-27. The company will provide a Rs. 50 crore guarantee to its Saudi Arabia subsidiary (Likhitha HAK Arabia Contracting Company) and a Rs. 100 crore guarantee to its Abu Dhabi branch in UAE for securing working capital limits. Additionally, the Board approved investments, loans, advances, or asset transfers up to Rs. 100 crore to these overseas entities in one or more tranches. These are related party transactions but no promoter interest exists, and all transactions are stated to be at arm's length. The stated purpose is to expand business activities.
This indicates the parent company is supporting its overseas operations with financial guarantees and capital transfers. Shareholders should note the increased exposure to international subsidiary obligations, though the company states no immediate impact on standalone financials.