Ravindra Energy Limited — Others, 29-05-2025: Shareholders meeting

Ravindra Energy Limited has announced a board meeting to approve extending loans, guarantees, or securities up to INR 300 Cr to subsidiaries, group companies, associates, and related parties to support growth in renewable energy and electric vehicles. It also plans material related party transactions to provide loans and guarantees up to INR 300 Cr to associate Energy In Motion Private Limited, which focuses on electric heavy commercial vehicles and battery swapping networks. These moves aim to boost expansion without harming minority shareholders. Loans to EIM will carry about 9% interest, while guarantees are contingent liabilities with no direct balance sheet impact.