Symphony Limited — Important, 13-02-2025: Updates

Symphony Limited has provided a guarantee for credit facilities to its wholly-owned subsidiary, IMPCO S. de R.L. de C.V. in Mexico, amounting to USD 1.1 million. This includes a standby letter of credit issued to BBVA Mexico S.A. on February 12, 2025, with an expiry date of February 4, 2026. The guarantee is intended to support working capital and other credit requirements of IMPCO. Notably, the promoter and related parties have no interest in this transaction, which has been conducted at arm's length. The company will be liable to indemnify the bank in case of any default on the loan by the subsidiary, highlighting a potential risk for Symphony Limited. Investors should watch closely how this arrangement impacts the company's financial obligations and operational stability.