KEC International Limited has issued a corporate guarantee on behalf of its subsidiary company, Al Sharif Group & KEC Limited Company. The disclosure is made pursuant to Regulation 30 read with Para B of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Key Details of Corporate Guarantee
- Amount: USD 35 Million
- Issue Date: July 03, 2026
- Purpose: For a credit facility extended to Al Sharif Group & KEC Limited Company
- Beneficiary: Al Sharif Group & KEC Limited Company (subsidiary of KEC International Limited)
Transaction Details
- The Promoter/Promoter Group/Group Companies have no interest in this transaction
- The transaction is conducted at arm's length
- No significant terms and conditions of the agreement are disclosed beyond the guarantee amount and purpose
Financial Impact Assessment
- The corporate guarantee represents a potential contingent liability for KEC International Limited
- The company explicitly states that presently there is no impact of this guarantee on the company
- No financial quantification of the potential exposure beyond the $35 million guarantee amount is provided