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    ALPHA TRIBE

    Race Eco Chain Limited — Important, 03-08-2026: Disclosure of material issue

    03-08-2026 | 04:56 pm

    Race Eco Chain (RACE) has provided a corporate guarantee of ₹4.97 Cr to Bank of India. This guarantee supports a credit facility for its material subsidiary, Silverline Eco Thrive Limited.

    **Issue:** RACE is taking on a contingent liability for its subsidiary's debt.

    **Possible Impact:** While currently stated as having no direct impact beyond financial disclosure, a corporate guarantee means RACE would be liable if the subsidiary defaults on its loan. This introduces a potential financial risk for the company and its shareholders.

    **Company’s Response:** RACE clarifies that Silverline Eco Thrive is a Material Subsidiary and part of the consolidated group. The transaction is done on an "arm's length" basis, with minimal promoter interest beyond a common directorship for governance. This move aims to support the subsidiary's operations and funding needs.

    #RaceEcoChain #CorporateGuarantee #SubsidiaryFunding #InvestorInfo

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