Xpro India Limited — Important, 04-03-2025: Updates
04-03-2025 | 10:37 pm
04-03-2025 | 10:37 pm
Xpro India Limited has reported the cancellation of a Corporate Guarantee amounting to approximately INR 110.52 Cr (EUR 12,048,750), previously issued in favor of Brückner Maschinenbau GmbH. This guarantee was related to the contractual obligations of Xpro Dielectric Films FZ-LLC for capital equipment procurement. The guarantee has now expired as the subsidiary fulfilled its obligations, which has been formally acknowledged by the supplier. This development reduces contingent liabilities for Xpro India and could positively influence financial stability going forward. Investors should monitor this situation as it enhances the company’s operational flexibility.
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