K2 Infragen Limited — Others, 11-05-2025: Giving guarantees/indemnity/ becoming a surety for third party

K2 InfraGen Limited has announced a board meeting to approve issuing two bank guarantees of up to ₹1.45 Cr each for a National Highways Authority of India project managed by P.P. Pandey Infrastructure Private Limited. These guarantees serve as additional performance security for strengthening a two-lane road in Uttar Pradesh. The company has placed liens on its credit limits with HDFC Bank and ICICI Bank matching the guarantee amounts, creating a contingent liability that could impact finances if called upon.