Kalpataru Projects International Limited — Others, 24-07-2025: Giving guarantees/indemnity/ becoming a surety for third party

Kalpataru Projects International Limited (KPIL) has extended Standby Letters of Credit (SBLCs) worth an aggregate of USD 15 Million. These SBLCs, valid until December 31, 2025, are in favor of HSBC Bank Middle East Limited, which provides credit to Kalpataru IBN Omairah Company Limited, a KPIL subsidiary. This extension supports the subsidiary's financing and is noted as a contingent liability for KPIL. The company currently foresees no other direct impact from this arrangement.