KEC International Limited has provided a corporate guarantee worth $26.67 million (Rs 23 crore) to its subsidiary, Al Sharif Group KEC Limited, marking a move to aid its subsidiary’s operations and potential expansion. The company stated, "KEC International has clarified that this corporate guarantee represents a contingent liability for the company." Advertisement

At present, the guarantee does not have a direct effect on KEC International’s operations, and the company emphasised transparency, saying, "The company has also confirmed that there is no interest in this transaction from the promoter, promoter group, or group companies, ensuring transparency in its corporate actions."

This development signals ongoing support for subsidiary projects while upholding clarity in corporate gover

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