One 97 Communications Limited — Board Meeting, 22-10-2024: Outcome of Board Meeting

One 97 Communications Limited's Board of Directors has approved the provision of a Default Loss Guarantee (DLG) to its lending partner, SMFG India Credit Co. Ltd., to support loans disbursed to merchants. This initiative aims to enhance loan disbursements and foster new partnerships due to improved asset quality and merchant demand. The DLG, up to Rs. 225 Crores, will be structured as a Bank Guarantee or Fixed Deposit, impacting financial expenses over time.