Engineers India Limited — Others, 26-08-2025: Giving guarantees/indemnity/ becoming a surety for third party

Engineers India Limited's Board has approved providing an undertaking for a Bank Guarantee issued to its joint venture, Ramagundam Fertilizers & Chemicals Limited (RFCL). RFCL, a urea & ammonia producer where EIL holds a 26% stake, obtained a Rs. 175 Cr Bank Guarantee from IndusInd Bank for its Debt Service Reserve Account facility. EIL's undertaking commits not to dilute its 26% shareholding or pledge it without the bank's permission until the BG facility expires. This action supports RFCL's project financing, clarifying EIL's sponsor role without creating a direct financial impact on Engineers India Limited.