Subsidiary27 May 2026, 07:22 pm
Likhitha Infra to Guarantee ₹150 Cr for Subsidiaries
AI Summary
Likhitha Infrastructure Ltd's board approved extending corporate guarantees to its subsidiaries, Likhitha HAK Arabia Contracting Company and Likhitha Infrastructure Limited-Abu Dhabi, for working capital limits. A guarantee of ₹50 Cr is for the Saudi Arabian subsidiary and ₹100 Cr for the Abu Dhabi branch, both for FY 2026-27. Additionally, the board approved investments, loans, advances, or asset transfers up to ₹100 Cr to these subsidiaries.
Key Highlights
- Likhitha Infra will provide a ₹50 Cr guarantee to Likhitha HAK Arabia Contracting for FY27.
- A ₹100 Cr guarantee will be extended to Likhitha Infrastructure Limited-Abu Dhabi for FY27.
- The board approved investments/loans up to ₹100 Cr to its subsidiaries.
- These guarantees aim to secure working capital limits for the subsidiaries.