We would like to inform all our stakeholders that the Company has provided a Corporate Guarantee in favour of Bajaj Finance Limited to secure the term loan facility availed/to be availed by HTL Limited a subsidiary of the Company to the extent of Rs.20 Crore.The Company holds 74% of the paid-up share capital of HTL while the remaining 26% is owned by the Government of India. HTL is engaged in the manufacturing of Optical Fiber Cables (OFC) and passive connectivity solutions. HTL also manufactures key raw material for OFC such as Aramid Rods Fiber Reinforced Plastic Rods and Impregnated Glass Fiber Reinforcement and provides electrical wiring interconnect solutions for the Aerospace & Defence and Automotive & Industrial sectors.The details as required under SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11 2024 read with SEBI Circular no. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31 2024 are as per attached letter.
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