AI assistant
Symphony Limited — Capital/Financing Update 2025
Feb 13, 2025
60717_rns_2025-02-13_bcd5c5e2-805c-4aff-9db4-a0d7ba52f398.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [567 x 32] intentionally omitted <==
February 13, 2025
To, To, National Stock Exchange of India Limited BSE Limited Symbol – Symphony Security Code – 517385
Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Dear Sir / Madam,
In compliance with Regulation 30 of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has provided a guarantee in respect to the credit facilities to be availed by our wholly owned subsidiary viz. IMPCO S. de R.L. de C.V., Mexico as per the details given hereinbelow:
| Name of WOS |
Name of the party to whom SBLC was given |
Amount | Date and time of Issuance |
Date of Expiry |
Brief details of SBLC issued |
|---|---|---|---|---|---|
| IMPCO S. de R.L. de C.V., Mexico |
BBVA Mexico S.A. |
USD 1.1 million |
February 12, 2025 |
February 4, 2026 |
The SBLC has been issued to provide a guarantee in respect to working capital and other credit facilities to the extent of USD 1 million to be availed by the IMPCO, Mexico from BBVA Bank,Mexico. |
Whether the promoter/ promoter group/ group companies have any interest in this transaction? If yes, nature of interest and details thereof and whether the same is done at “arm’s length”: The promoter/ promoter group/ group companies do not have any interest in the above transaction.
Impact of such guarantees or indemnity or surety on listed entity: In case of default in the repayment of loan by the above subsidiary, the Company shall be liable to indemnify the Bank and make repayment of the outstanding loan.
Please take note of the same and oblige.
Yours Truly,
For, Symphony Limited MAYUR C. Digitally signed by MAYUR C. BARVADIY BARVADIYA Date: 2025.02.13 A 11:07:32 +05'30' Mayur Barvadiya Company Secretary and Head - Legal
Registered Office: Symphony Limited, “Symphony House”, Third Floor, FP-12, TP-50, Off S.G. Highway, Bodakdev, Ahmedabad -380 059, India T: +91-79-66211111, F: +91-79-66211139-40 l Email – [email protected] I www.symphonylimited.com CIN - L32201GJ1988PLC010331