The Corporate Guarantee given by the Company, amounting to Rs. 46 Crore, is released by the Lender.

Konark Synthetic Limited had given a corporate guarantee of Rs. 46 Crore to L&T Finance Limited against a rupee term loan facility availed by Konark Gujarat PV Pvt. Ltd. The lender has now formally released this guarantee, freeing Konark Synthetic from any further contingent liability on that loan. The release typically indicates that the underlying borrower's loan obligation has been settled or repaid. This disclosure was made under SEBI Listing Regulations, signed by Managing Director Mr. Shonit Dalmia on May 9, 2025.