KEC International Limited, a global infrastructure Engineering, Procurement and Construction (EPC) major, has announced the extension of a significant corporate guarantee for its subsidiary. The company has prolonged an existing corporate guarantee of AED 175 million (approximately INR 395.00 crore) issued on behalf of Al Sharif Group & KEC Limited Company, a subsidiary of KEC International.

Extended Guarantee Details

The corporate guarantee, which was issued in favor of an overseas bank providing banking facilities to the subsidiary, has been extended until August 14, 2028. This extension demonstrates KEC International's continued support for its subsidiary's operations and financial arrangements.

Financial Implications

KEC International has clarified that the corporate guarantee represents a contingent liability for the company. As of now, there is no immediate financial impact on KEC International's books. The company stated, "Presently, there is no impact of this guarantee on the Company."

Corporate Governance

It's worth noting that the promoter, promoter group, and group companies have no interest in this transaction, ensuring transparency and adherence to good corporate governance practices.

Company Background

KEC International Limited, part of the RPG Group, is a global infrastructure Engineering, Procurement and Construction (EPC) major. The company has a presence in the verticals of Power Transmission and Distribution, Railways, Civil, Urban Infrastructure, Solar, Smart Infrastructure, Oil & Gas Pipelines, and Cables.

This extension of the corporate guarantee aligns with KEC International's strategy to support its subsidiaries' growth and operations in international markets. The move is likely aimed at enabling Al Sharif Group & KEC Limited Company to continue leveraging banking facilities for its business activities in the region.

As KEC International continues to expand its global footprint, such financial arrangements play a crucial role in supporting its subsidiaries' operations and contributing to the company's overall growth strategy in the infrastructure sector.

KEC International Ltd., a global infrastructure Engineering, Procurement, and Construction (EPC) major, has announced the appointment of Harsh Vardhan Shringla as an Additional Director (Non-Executive, Independent) to its Board of Directors. The appointment, approved by the company's Board on August 09, 2025, is subject to shareholder approval.

Appointment Details

Shringla's term as an Independent Director is set for five years, from August 09, 2025, to August 08, 2030. This strategic move brings a wealth of diplomatic experience to KEC International's leadership.

Shringla's Distinguished Career

Harsh Vardhan Shringla brings an impressive background to his new role:

• Served as Foreign Secretary of India from 2020 to 2022
• Acted as Chief Coordinator for India's G20 Presidency in 2023
• Boasts nearly 40 years of diplomatic experience
• Held ambassadorial positions in the United States, Bangladesh, and Thailand
• Joined the Indian Foreign Service in 1984 after a stint in India's corporate sector
• Recently nominated by the President of India as a member of the Rajya Sabha

Educational Background

Shringla is a graduate of St. Stephen's College, Delhi University. He has also been conferred with a D. Litt. (Honoris Causa) by ICFAI University, Sikkim, recognizing his contributions to diplomacy and international relations.

Independence and Compliance

KEC International has affirmed that Shringla is not related to any existing directors or key managerial personnel of the company. Furthermore, based on available information, he is not debarred from holding the office of a director by virtue of any SEBI order or any other such authority.

Company's Statement

Suraj Eksambekar, Company Secretary and Compliance Officer of KEC International, stated that the appointment was made based on the recommendation of the Nomination and Remuneration Committee. The company views this appointment as a significant addition to its board, bringing valuable insights from the realm of international diplomacy and governance.

This appointment underscores KEC International's commitment to strengthening its board with diverse and experienced professionals, potentially enhancing its strategic decision-making capabilities in the global infrastructure sector.