Worth Peripherals Limited has extended a co-obligancy guarantee for its joint venture, M/s Yash Packers, to renew a working capital facility. The company secured the renewal of a ₹1 crore cash credit limit with Federal Bank on September 1, 2026.

The transaction was approved by the Board of Directors during a meeting held on September 1, 2026. The session commenced at 4:00 pm and concluded at 4:20 pm. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Facility Details

The renewed working capital facility carries an interest rate of 8.30% per annum. The loan is structured with a 25% margin on stock and book debts. The guarantee period is set for 12 months, aligning with the sanction letter issued by Federal Bank on August 20, 2026.

Transaction Structure

M/s Yash Packers operates as a joint venture partner of Worth Peripherals. The company confirmed that none of the promoters, promoter group members, or directors have any personal interest in this transaction. The arrangement was executed at arm's length.

What the Numbers Show

The guarantee represents a contingent liability for Worth Peripherals rather than an immediate cash outflow. Since the joint venture is part of the consolidated group, the financial exposure remains internal to the group structure. The company stated there is no immediate impact on its standalone financials from this specific guarantee extension.

Worth Peripherals Limited has scheduled its 30th Annual General Meeting (AGM) for Wednesday, September 16, 2026, at 2:00 pm IST. The meeting will be conducted through Video Conferencing or Other Audio-Visual Means in compliance with Ministry of Corporate Affairs and Securities and Exchange Board of India guidelines.

The Board of Directors has recommended a final dividend of ₹1 per equity share (face value ₹10) for the financial year ended March 31, 2026. This recommendation marks a definitive payout plan for FY26, subject to approval by members at the AGM.

The company has designated Wednesday, September 9, 2026, as the record date for two key purposes:

• Final Dividend: To determine members eligible to receive the final dividend for FY26, if declared by members at the AGM.
• Remote E-Voting: To determine member eligibility for participating in the remote e-voting process for resolutions proposed at the meeting.

If declared at the AGM, the final dividend will be paid on or before October 15, 2026. The company stated it will endeavor to pay the dividend within seven working days from the date of declaration but not later than 30 days from the date of the ensuing AGM. Payments will be made via electronic mode to shareholders who have updated their bank account details.

Shareholders are reminded to validate their KYC and bank details with the Registrar and Share Transfer Agent, Bigshare Services Pvt. Ltd., or their depository participants to ensure smooth dividend credit. The Annual Report for FY26, including the notice convening the AGM, will be circulated to members via email and uploaded on the company website and stock exchange portals.

The intimation was issued on August 20, 2026, by Tushar Batham, Company Secretary and Compliance Officer.