Ravindra Energy Limited — Others, 27-06-2025: Giving guarantees/indemnity/ becoming a surety for third party

Ravindra Energy has announced a board meeting on the approval of providing a corporate guarantee/security of INR 145 Cr to its associate, Energy In Motion Private Limited, for a financial facility from ICICI Bank. This support aims to help the associate secure credit on competitive terms and expand its operations. The transaction is at arm’s length, with common directorship between the promoter of Ravindra Energy and the associate entity. This move is expected to strengthen the group’s overall business prospects.