The Board of Directors at their just concluded meeting have approved the issuance of Corporate Guarantee in favour of JP Morgan Chase Bank, N.A., London Branch (lender) for the credit facilities for an amount of up to CHF 20 Million or equivalent, proposed to be availed by Continental Coffee SA, Switzerland (Borrower), Wholly owned subsidiary of the Company.\r\nThe meeting commenced at 10:15 am (IST) and concluded at 01:20 pm (IST)\r\n\r\nThis is for your information and records.