BSECompany Update3 Aug 2026 · 3 Aug 2026, 04:52 pm
Intimation for the Corporate Guarantee
Race Eco Chain Ltd · 537785
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Race Eco Chain Ltd has extended a corporate guarantee to its material subsidiary, Silverline Eco Thrive Limited, for a credit funding facility of Rs. 4,97,00,000 from Bank of India. The guarantee is provided on an arm's length basis and does not have any impact on the company's financial statements.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk3/10
Balance Sheet Risk4/10
Liquidity Impact6/10
Market Sentiment5/10
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Full Announcement
Race Eco Chain Ltd - 537785 - Announcement under Regulation 30 (LODR)-Meeting Updates
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Dated: 03rd August, 2026
Bombay Stock Exchange Limited National Stock Exchange Limited
Department of Corporate Services, Listing Department
Phiroze Jeejee Bhoy Towers, Exchange Plaza,C-1, Block-G,
Dalal Street, Mumbai-400001 Bandra-Kurla Complex, Mumbai 400051
Symbol: RACE
Scrip Code: 537785
Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements),
Regulations 2015 for giving Corporate Guarantee
Dear Sir/Madam,
Pursuant to Regulation 30 and other applicable regulations of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, Our Company is extending a corporate guarantee to M/s. Silverline Eco
Thrive Limited (Material Subsidiary) in relation to the Credit Funding facility sanctioned from Bank Of India
upto an amount of Rs. 4,97,00,000/- ( Rupees Four Crore Ninety Seven Lac Only).
Further, the details as required under SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated
July 13, 2023 with respect to the said Corporate Guarantee, are given in Annexure-1 to this letter.
This is for your information and records.
Thanking You,
Yours Faithfully
For Race Eco Chain Limited
Shiwati
Company Secretary & Compliance officer
Regd. Office: Shop No. 37, Shanker Market, Connaught Place, Central Delhi, New Delhi110001
Corporate Office Address: A-115, Sector-136, Noida, Uttar Pradesh- 201304
Email: communications@raceecochain.com; Tel: 0120-28028196; CIN: L37100DL1999PLC102506
Annexure-1
The detailed disclosure as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-
l/P/CIR/2023/123 dated July 13, 2023
Name of party for which such guarantees or M/s. Silverline Eco Thrive Limited
indemnity or surety was given.
Whether the promoter/ promoter group/ group M/s. Silverline Eco Thrive Limited is a Material
companies have any interest in this transaction? Subsidiary Company.
If yes, nature of interest and details thereof and
whether the same is done at “arm’s length” None of the Promoters, members of the Promoter
Group, or Directors of the Company has any interest
in the transaction, except for the common directorship
of Mr. Pranav Vasan, which is solely for the purpose
of complying with the corporate governance
requirement relating to common Independent
Directors under the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015.
The transaction is done at Arm’s Length basis.
Brief details of such guarantee or indemnity or The Company has issued Corporate Guarantee in
becoming a surety viz. brief details of favour of Bank of India (‘the Bank’) in relation to
agreement entered (if any) including Credit Funding facility sanctioned from Bank Of India
significant terms and conditions, including upto an amount of Rs. 4,97,00,000/- ( Rupees Four
amount of guarantee. Crore Ninety Seven Lac Only).
Impact of such guarantees or indemnity or The said guarantee is provided on behalf of the
surety on listed entity Materkial Subsidiary of the Company, which is a part
of the consolidated group. At this point, there is no
impact of this guarantee on the Company, other than
disclosure in the Financial Statements.
Regd. Office: Shop No. 37, Shanker Market, Connaught Place, Central Delhi, New Delhi110001
Corporate Office Address: A-115, Sector-136, Noida, Uttar Pradesh- 201304
Email: communications@raceecochain.com; Tel: 0120-28028196; CIN: L37100DL1999PLC102506