Jaykay Enterprises Limited has issued a corporate guarantee of ₹40.00 crores to secure credit facilities for its joint venture partner, marking a significant financial commitment to support the operations of JK Phillips LLP. The guarantee was executed on January 02, 2026, in favor of Axis Bank Limited.

Corporate Guarantee Details

The corporate guarantee covers credit facilities for JK Phillips LLP, which operates as a 50:50 joint venture between Jaykay Enterprises Limited and Phillips Machine Tools India Private Limited. Phillips Machine Tools India is a subsidiary of Phillips Corporation, USA, bringing international expertise to the partnership.

Regulatory Compliance and Disclosure

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, following the SEBI Master Circular dated November 11, 2024. The company has confirmed that the corporate guarantee agreement was executed on an arm's length basis, ensuring transparency in the transaction.

Key regulatory aspects include:

• No promoter or promoter group interest in the transaction
• Transaction conducted on arm's length basis
• Full compliance with SEBI disclosure requirements
• Information hosted on company website for public access

Financial Impact

The corporate guarantee will be treated as a contingent liability on Jaykay Enterprises' books. This financial commitment demonstrates the company's confidence in the joint venture's prospects and its willingness to support the partnership's growth through secured credit facilities.

The guarantee structure provides JK Phillips LLP with enhanced access to banking facilities while maintaining clear accountability frameworks between the joint venture partners.

Jaykay Enterprises has announced a significant business development through its joint venture J K Phillips LLP, which has secured a substantial order from IRCON International Limited. The contract, valued at ₹162.25 crores including GST, represents a major milestone for the company in the industrial training and equipment supply sector.

Contract Details and Scope

The comprehensive contract involves supplying CNC machines to MSME training centers across India on a turnkey basis. Key details of the project include:

Joint Venture Structure

J K Phillips LLP operates as a 50:50 joint venture between Jaykay Enterprises Limited and Phillips Machine Tools India Private Limited, which is a subsidiary of Phillips Corporation, USA. This partnership combines local expertise with international technology capabilities to deliver comprehensive CNC machine solutions.

Project Components

The turnkey contract encompasses a complete solution approach for CNC machine deployment across MSME training facilities:

• Design Services: Custom design solutions for CNC machines suited to training requirements
• Supply Operations: Procurement and delivery of CNC machines to designated training centers
• Installation Services: Complete setup and commissioning of equipment at training facilities
• Training Programs: Comprehensive training modules for operators and maintenance personnel

Strategic Significance

This order from IRCON International Limited positions the joint venture as a key player in India's skill development infrastructure sector. The project aligns with the government's Viksit Bharat vision, focusing on capacity building and digital transformation of MSMEs. The initiative supports the formalization and skilling of micro, small, and medium enterprises, which form the backbone of India's manufacturing ecosystem.

Business Impact

The ₹162.25 crore contract represents substantial revenue opportunity and further consolidates Jaykay Enterprises' position as a provider of high-technology digital manufacturing solutions. The partnership with global players like Phillips Corporation, USA, enhances the company's capability to deliver advanced manufacturing solutions through government procurement channels.