Media Matrix guarantees subsidiary's bank facilities with Yes Bank

Media Matrix Worldwide Limited (MMWL) has provided a corporate guarantee of up to INR 70 Crores to Yes Bank Limited. This guarantee secures various fund-based and non-fund-based facilities availed or to be availed by nexG Devices Private Limited, a subsidiary of MMWL.

The corporate guarantee is issued in accordance with SEBI regulations. The transaction is stated to be conducted at arm's length.

As a result of this guarantee, it will be disclosed as contingent liabilities in Media Matrix Worldwide Limited's financial statements. Aside from this relationship, no other promoter, promoter group, or group company interest is noted in this transaction.