Pratham EPC Projects Limited — Important, 20-06-2025: Disclosure of material issue
20-06-2025 | 04:52 pm
20-06-2025 | 04:52 pm
Pratham EPC Projects Limited has entered into a material related party transaction involving a Standby Letter of Credit (SBLC) amounting to AED 8 million with its wholly owned subsidiary, Pratham International Contracting L.L.C-O.P.C. The funds will be used for general corporate purposes and business needs. This transaction exceeds the materiality threshold based on the company's turnover and is conducted at arm’s length without any special rights or control clauses. Investors should note the company is leveraging internal resources to support its operations, reflecting intra-group financial management without diluting equity or impacting control.
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