The company has provided a Corporate Guarantee worth ₹20 Crores for its subsidiary, nexG Devices Private Limited.

This guarantee secures credit facilities nexG has or will avail from State Bank of India. nexG, where the company holds a 56.78% stake, is a key distribution and logistics player in mobility and IT products across India.

This move aims to support the subsidiary's operations and growth.

The guarantee will be reflected as a contingent liability in the company's financial records, impacting its risk profile.