Supreme Power Equipment Limited — Board Meeting, 29-11-2024: Outcome of Board Meeting

The Board of Directors has approved a proposal to extend a corporate guarantee of up to ₹14.70 crore in favor of State Bank of India. This guarantee aims to secure a loan facility of the same amount for Danya Electric Company, in which the company holds a 90% stake. This decision is intended to bolster Danya Electric's financial resources for its primary business operations. The corporate guarantee represents a contingent liability for the company, highlighting its strategic financial support for its partnership firm.