1. Corporate Guarantee for Saudi Subsidiary

The Board approved extending a corporate guarantee (bank guarantee) to Likhitha HAK Arabia Contracting Company, a subsidiary in the Kingdom of Saudi Arabia. This guarantee is to secure working capital limits from banks up to an amount of ₹50,00,00,000 (Rupees Fifty Crores Only) for the financial year 2026-27.

Key Details from Annexure-I:

  • None of the promoters, members of the promoters group, or directors of the company have any interest in this transaction
  • The transaction will be done in the general course of business at arm's length price
  • Corporate guarantee to the lender for an amount not exceeding ₹50 crores for FY 2026-27 to secure working capital limits
  • The guarantee is provided on behalf of the subsidiary, which is part of the consolidated group
  • At this point, there is no impact of this guarantee on the company other than disclosure in the financial statements
  • Subject to compliance with regulatory norms if any

2. Corporate Guarantee for UAE Branch

The Board approved extending a corporate guarantee (bank guarantee) to Likhitha Infrastructure Limited-Abu Dhabi, Branch, UAE. This guarantee is to secure working capital limits from banks up to an amount of ₹100,00,00,000 (Rupees One Hundred Crores Only) for the financial year 2026-27.

Key Details from Annexure-II:

  • None of the promoters, members of the promoters group, or directors of the company have any interest in this transaction
  • The transaction will be done in the general course of business at arm's length price
  • Corporate guarantee to the lender for an amount not exceeding ₹100 crores for FY 2026-27 to secure working capital limits
  • The guarantee is provided on behalf of the branch office
  • At this point, there is no impact of this guarantee on the company other than disclosure in the financial statements
  • Subject to compliance with regulatory norms if any

3. Investment/Loan Limits for International Operations

The Board approved making investment/grant loan/provide advance/transfer/sell/lease of asset/equipment to Likhitha HAK Arabia Contracting Company (Saudi subsidiary) and Likhitha Infrastructure Limited-Abu Dhabi (UAE branch) up to the limits of ₹100,00,00,000 (Rupees One Hundred Crore Only) in one or more tranches.

Key Details from Annexure-III:

  • Target entities: Likhitha HAK Arabia Contracting Company, Subsidiary, KSA and Likhitha Infrastructure Limited-Abu Dhabi, Branch, UAE
  • Nature of relation: Subsidiary (KSA) and Branch Office (UAE)
  • Nature of transaction: Investment, loan, advance, transfer, sale, or lease of asset/equipment
  • This transaction qualifies as a related party transaction
  • None of the promoter/promoter group are interested in the transactions
  • The transaction will be done in the general course of business at arm's length price
  • Object and effect: To expand the business activities
  • Subject to compliance with regulatory norms if any
  • Amount of consideration: Up to ₹100,00,00,000 (Rupees One Hundred Crore Only) in one or more tranches