KDDL Limited , a prominent player in the watchmaking and precision engineering industry, has taken a significant step to support its wholly-owned subsidiary, Pylania AG. The company has provided a corporate guarantee of EUR 2.63 million (equivalent to CHF 2.44 million) for a revolving loan facility extended as a Working Capital Demand Loan (WCDL) by ICICI Bank UK PLC-Germany Branch to Pylania AG.

Key Details of the Corporate Guarantee

Implications and Disclosures

KDDL Limited has assured stakeholders that this transaction is conducted on an arm's length basis, maintaining transparency and fairness. The company has explicitly stated that no promoters, members of the promoter group, or directors have any interest in this transaction, adhering to corporate governance best practices.

Financial Impact

From an accounting perspective, KDDL Limited will disclose this guarantee as a contingent liability in its financial statements. The company has indicated that at this point, there is no other impact on the listed entity beyond this disclosure requirement.

Regulatory Compliance

This corporate action has been reported in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. KDDL Limited has duly informed the National Stock Exchange of India Limited and BSE Limited about this development, ensuring adherence to regulatory norms and maintaining transparency with its investors and the market at large.

The provision of this corporate guarantee underscores KDDL Limited's commitment to supporting its subsidiary's operations and financial needs. By facilitating access to working capital for Pylania AG, KDDL Limited is potentially enabling its subsidiary to manage its short-term financial obligations more effectively, which could contribute to the overall operational efficiency of the group.

KDDL Limited , a prominent player in the watch and jewelry industry, has recently submitted crucial documents to the stock exchanges regarding a significant corporate action. The company has filed voting results and a consolidated scrutinizer report for a meeting of unsecured creditors, which was convened by the National Company Law Tribunal (NCLT).

Key Highlights

• The meeting of unsecured creditors was held on December 19, 2020.
• The purpose of the meeting was to discuss and vote on the Scheme of Amalgamation between Satva Jewellery and Design Limited and KDDL Limited.
• The meeting was convened following an order from the NCLT Chandigarh Bench dated November 10, 2020.
• KDDL Limited has submitted the required documents to both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) in compliance with regulatory requirements.

Implications of the Amalgamation Scheme

The Scheme of Amalgamation between Satva Jewellery and Design Limited and KDDL Limited is a significant corporate restructuring move. Such amalgamations are often undertaken to streamline operations, achieve synergies, or consolidate business segments. The outcome of this meeting and the subsequent amalgamation process could have important implications for KDDL Limited's future business structure and operations.

Regulatory Compliance

By submitting the voting results and scrutinizer's report to the stock exchanges, KDDL Limited demonstrates its commitment to transparency and adherence to regulatory requirements. This action keeps shareholders and the market informed about important corporate decisions and ensures compliance with the Securities and Exchange Board of India (SEBI) regulations.

Recent Corporate Updates

In addition to the amalgamation proceedings, KDDL Limited has recently made other important announcements. According to the latest LODR (Listing Obligations and Disclosure Requirements) data:

• The company has revised its Record Date and Book Closure Period for the upcoming 45th Annual General Meeting (AGM).
• The new Record Date / Cut-off Date for Dividend and AGM Voting is set for Tuesday, September 9, 2025.
• The Book Closure Period for the AGM will be from Wednesday, September 10, 2025, to Monday, September 15, 2025 (both days inclusive).
• The 45th AGM is scheduled for Monday, September 15, 2025, at 03:00 P.M. (IST).

These updates indicate that KDDL Limited is actively engaging with its shareholders and maintaining good corporate governance practices.

As the amalgamation process progresses and the AGM approaches, investors and stakeholders will likely keep a close watch on KDDL Limited for further developments and their potential impact on the company's future prospects.