Lloyds Engineering Approves ₹130 Crore Corporate Guarantee

Lloyds Engineering Works Limited

Key Decision

Board of Directors approved issuance of a Corporate Guarantee for credit facilities not exceeding ₹130 Crore (Rupees One Hundred Thirty Crore only) on behalf of Lloyds Infrastructure & Construction Limited, which is an Associate Company of Lloyds Engineering Works Limited.

Detailed Terms and Conditions

• The corporate guarantee was given for credit facilities on behalf of Lloyds Infrastructure and Construction Limited
• Maximum guarantee amount: ₹130 Crore (Rupees One Hundred Thirty Crore only)
• No promoter/promoter group/group companies have any interest in this transaction
• Transaction was done at "arm's length"
• No significant agreement details or terms beyond the guarantee amount were disclosed

Financial Impact

As per the disclosure: Nil impact on Lloyds Engineering Works Limited from providing this guarantee.