HFCL Limited has issued a corporate guarantee for its subsidiary, HTL Limited, to secure a term loan facility from Bajaj Finance Limited. The guarantee is for an amount up to Rs.20 Crore. This move supports HTL’s financial needs, with HFCL holding 74% of HTL’s paid-up share capital. The corporate guarantee is given at arm’s length basis.
Corporate Guarantee Issued
HFCL Limited has provided a corporate guarantee to Bajaj Finance Limited on behalf of its subsidiary, HTL Limited, according to an announcement made on October 16, 2025. The guarantee aims to secure a term loan facility availed or to be availed by HTL.
Guarantee Details
The corporate guarantee is issued up to a limit of Rs.20 Crore. HTL Limited, the beneficiary of this guarantee, is a subsidiary of HFCL, with HFCL holding 74% of its paid-up share capital. The remaining 26% is held by the Government of India. The corporate guarantee is given at arm’s length basis.
HTL’s Business Activities
HTL Limited specializes in manufacturing Optical Fiber Cables (OFC) and passive connectivity solutions. Additionally, HTL manufactures key raw materials for OFC, including Aramid Rods and Fiber Reinforced Plastic Rods. It also offers electrical wiring interconnect solutions for the Aerospace & Defence, Automotive & Industrial sectors.
Financial Disclosure
The Corporate Guarantee given in favour of the Bajaj Finance Limited on behalf of HTL will be disclosed as contingent liabilities in the financial statements of the Company.
Source: BSE
