Likhitha Infrastructure Limited has informed the Exchange about General Updates
LIKHITHA · price
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Likhitha Infrastructure Limited's Board approved extending corporate guarantees totaling Rs. 150 crores to its overseas subsidiaries for FY 2026-27. This includes Rs. 50 crores for Likhitha HAK Arabia Contracting Company (Saudi Arabia subsidiary) and Rs. 100 crores for the Abu Dhabi branch (UAE) to secure working capital limits from banks. Additionally, the company approved investments, loans, advances, or asset transfers up to Rs. 100 crores to these overseas entities. The transactions are classified as related party transactions but stated to be at arm's length pricing with no promoter interest.
This is a routine corporate governance disclosure providing financial support to overseas subsidiaries. The company states there is no immediate impact other than disclosure in financial statements. Shareholders should monitor if these guarantees create contingent liabilities in future financial reports.