KEC International Ltd Issues Corporate Guarantee for Subsidiary
KEC International Ltd has issued a Corporate Guarantee on April 08, 2026, for its subsidiary company, Al Sharif Group & KEC Limited Company. The guarantee was extended in favor of an overseas bank that has provided banking facilities to the subsidiary.The details of the guarantee are outlined in the firm's official records. The Corporate Guarantee issued carries a value of SAR 125 Million.
The financial details regarding this transaction are summarized below:
| Sr. No. | Particulars | Details |
|---|---|---|
| Name of the party for which the guarantees or indemnity or surety was given | Al Sharif Group & KEC Limited Company, Subsidiary of the Company. | |
| Whether the promoter/ promoter group/ group companies have any interest in this transaction? If yes, nature of interest and details thereof and whether the same is done at 'arms length' | The Promoter/Promoter Group/Group Companies are not interested in this transaction. | |
| Brief details of such guarantee or indemnity or becoming a surety viz. brief details of agreement entered (if any) including significant terms and conditions, including amount of guarantee | The Corporate Guarantee of SAR 125 Million was issued on April 08, 2026, in favour of an overseas bank which has extended banking facility to Al Sharif Group & KEC Limited Company. | |
| Impact of such guarantee or indemnity or surety on listed entity | The Corporate Guarantee is a potential contingent liability for the Company. Presently, there is no impact of this guarantee on the Company. |
The transaction indicates that the Promoter/Promoter Group/Group Companies have no interest in the issuance of this guarantee, confirming the transaction is not influenced by promoter interests. The Company noted that the Corporate Guarantee represents a potential contingent liability, but stated there is no immediate impact on the Company as of the date of the guarantee.
KEC Stock Price Movement
Today, KEC International Limited shares edged higher to close at ₹567.6, securing a 7.80% gain for the day. The stock finished its trading session on significant interest, moving on a total volume of 1.47 million shares.Source:
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