
Loan & Debt3 Nov 2026, 06:42 pm
Xpro India Ltd Approves Corporate Guarantee of AED 83 Million
AI Summary
Xpro India Ltd's Board of Directors approved the issuance of a corporate guarantee of up to AED 83 million (approximately INR 215 Crores) in favor of Emirates Development Bank P.J.S.C. This guarantee will secure the repayment of a term facility and a cash credit facility for its subsidiary, Xpro Dielectric Films FZ-LLC. The Board also approved the Un-audited Standalone & Consolidated Financial Results for the quarter and half-year ended September 30, 2026. Additionally, Sri K Balakrishnan was re-appointed as an Independent Director, and BSRS & Co LLP was approved as the new Statutory Auditors.
Key Highlights
- Company issued a corporate guarantee of up to AED 83 million (INR 215 Cr).
- Guarantee secures financing for subsidiary Xpro Dielectric Films FZ-LLC.
- Board approved Q2 FY27 unaudited standalone and consolidated financial results.
- Re-appointment of Sri K Balakrishnan as Independent Director approved.
- BSRS & Co LLP appointed as new Statutory Auditors for five years.
Price Impact
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