Greaves Cotton Limited — Others, 12-05-2025: Giving guarantees/indemnity/ becoming a surety for third party

Greaves Cotton has announced a board meeting and issued a corporate guarantee of Rs. 40 crore to Tata Capital Limited for a two-year term loan taken by its key subsidiary, Greaves Electric Mobility Limited (GEML). The guarantee is at arm’s length, without promoter or group interest involvement. While there is no immediate financial impact on Greaves Cotton, this creates a contingent liability if GEML defaults on the loan. This support underlines Greaves Cotton’s backing of GEML’s funding requirements, highlighting consolidated financial exposure for shareholders.