HFCL Limited Issues Corporate Guarantee for Subsidiary HTL Limited
HFCL Limited announced on March 28, 2026, that it has provided a corporate guarantee of Rs. 30 Crore in favor of Axis Finance Limited. The guarantee secures a rupee term loan facility for HTL Limited, a subsidiary of HFCL.HTL Limited, in which HFCL holds a 74% stake with the remaining 26% owned by the Government of India, manufactures Optical Fiber Cables (OFC) and provides passive connectivity solutions. Additionally, HTL manufactures raw materials for OFC and provides electrical wiring interconnect solutions for the aerospace, defense, automotive, and industrial sectors.
The corporate guarantee will be disclosed as a contingent liability in HFCL's financial statements. The transaction was conducted at arm’s length.
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