This is with reference to our earlier announcement dated August 29, 2024. We would like to inform all our stakeholders that the Company has extended a Corporate Guarantee in favour of Kotak Mahindra Bank Limited, to secure various fund based and non-fund-based facilities availed/to be availed by nexG Devices Private Limited, a subsidiary of the Company ('nexG'), to the extent of ? 40 Crores in substitution of earlier Corporate Guarantee of ? 80 Crores.
