Investment16 Mar 2026, 06:20 pm
Dixon Technologies Provides Guarantee for Wholly Owned Subsidiary
AI Summary
Dixon Technologies (India) Limited has disclosed details of a guarantee issued by the company for its unlisted material wholly owned subsidiary, Padget Electronics Private Limited. The guarantee, given in favor of Foxlink India Electric Private Limited, is up to an aggregate limit of USD 10,000,000. This guarantee is provided for the purchase of raw materials by PEPL from Foxlink and is an arm's length transaction. The guarantee will be a contingent liability in Dixon's books.
Key Highlights
- Dixon Technologies provides guarantee for Padget Electronics Private Limited
- Guarantee given in favor of Foxlink India Electric Private Limited
- Guarantee amount is up to USD 10,000,000
- Guarantee is for the purchase of raw materials by PEPL from Foxlink
- Guarantee is an arm's length transaction