NSEGiving guarantees/indemnity/ becoming a surety for third party3d ago · 26 Aug 2026, 06:52 pm
Giving guarantees/indemnity/ becoming a surety for third party
Ravindra Energy Limited · RELTD
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Ravindra Energy Limited has provided a corporate guarantee to Muon India Private Limited for securing payment obligation in relation to an operating lease facility granted to Energy In Motion Limited, an associate entity of Ravindra Energy Limited. The guarantee is a non-fund based contingent liability and has no immediate financial impact on Ravindra Energy Limited.
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Full Announcement
Ravindra Energy Limited has informed about providing corporate guarantee to Muon India Private Limited.
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RAVINDRA_26082026185212_Disclosure.pdf
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August 26, 2026
Dept. of Corporate Services, National Stock Exchange of India Limited
BSE Limited Exchange Plaza, Plot No. C/1, G Block,
Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Bandra (E)
Dalal Street, Mumbai- 400001, Mumbai - 400 051,
Maharashtra, India. Maharashtra, India.
Scrip Code: 504341 Scrip Code: RELTD
ISIN: INE206N01018
Sub: Disclosure pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements)
Regulation, 2015 - For providing corporate guarantee for the purpose of securing outstandings receivables.
Dear Sir/Madam,
Pursuant to Regulation 30 and other applicable regulations of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, we wish to inform you that the company has provided corporate guarantee
to ‘Energy In Motion Limited’ an associate entity of the company.
Further, the details required under Regulation 30 of Securities and Exchange Board of India (Listing Obligations
and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-
POD2/I/3762/2026 dated January 30, 2026 are given in Annexure A:
Thanking you.
Yours faithfully,
FOR RAVINDRA ENERGY LIMITED
Madhukar Shipurkar
Company Secretary and Compliance officer
Mem. No. A64947
Registered Office: BC 105, Havelock Road, Camp, Belgaum – 590001, Karnataka, India.
P +91-831-2406600 | CIN L40104KA1980PLC075720
W www.ravindraenergy.com | E contact@ravindraenergy.com
Annexure A
Particulars Details
Name(s) of parties with whom the Ravindra Energy Limited (REL) has provided corporate
agreement is entered/Name of the party guarantee in favour of the “Muon India Private Limited” (MIPL)
for the purpose of securing the payment obligation in relation
for which guarantee or indemnity or
to the operating lease facility granted /to be granted by the
surety was given.
MIPL to “Energy In Motion Limited (EIM).
Whether the promoter/ promoter Yes, ‘Energy In Motion Limited’ (EIM) is an associate entity of
group/ group companies have any Ravindra Energy Limited (REL).
interest in this transaction? Mr. Narendra Murkumbi who is one of the promoters of REL is
common Director in REL and EIM both entities. Therefore, he is
If yes, nature of interest and details considered as interested Director.
thereof and whether the same is done at Yes, the Corporate Guarantee is extended at arm’s length basis
“arm’s length” by REL to its associate entity EIM.
Brief details of such guarantee or Energy in Motion Limited, a company incorporated in India
indemnity or becoming a surety viz. brief under the Companies Act, 2013, having corporate identification
details of agreement entered (if any) number U29304KA2024PLC186460, it has registered office
including significant terms and situated at ‘BC 105 Havelock Road Camp, Belgaum Camp,
conditions, including amount of Belgaum – 590001 Karnataka’.
guarantee
Muon India Private Limited (“MIPL”), a company incorporated
under the provisions of the Companies Act, 2013, bearing
Corporate Identity Number U77100MH2023FTC402792, and
having its registered office at Level 9, Maker Maxity 92, 2 –
North Avenue, Bandra Kurla Complex, Bandra East, Mumbai –
400051, its corporate office at 7th Floor, A - Wing, Unit no 120,
WeWork Hiranandani Lightbridge, Hiranandani Business Park,
Saki Vihar Road, Tunga Village, Chandivali, Powai, Mumbai,
Maharashtra 400072 and branch office at 2nd Floor, Innov8, 44
Backbay Portion, Regal Building, New Delhi – 110001, India.
MIPL has agreed to provide to EIM on operating lease facility
basis electric truck batteries for a period of 78 months having
an aggregate lease value of up to INR 41,00,00,000/- (Indian
Rupees Forty-One-Crores only) together with applicable GST
(the ‘Lease Value’), on the terms and conditions as may be
mutually agreed between the Lessee and MIPL from time to
time.
For securing the payment obligation in relation to the operating
lease facility granted /to be granted by the MIPL to EIM
Registered Office: BC 105, Havelock Road, Camp, Belgaum – 590001, Karnataka, India.
P +91-831-2406600 | CIN L40104KA1980PLC075720
W www.ravindraenergy.com | E contact@ravindraenergy.com
Particulars Details
company has provided corporate guarantee in favour of the
MIPL.
Impact of such guarantees or indemnity EIM is an associate entity of REL in which REL holds 49.54%
or surety on listed entity equity shares stake.
MIPL has agreed to make available electric truck batteries on
operating lease facility basis to EIM. For this transaction of
operating lease for securing payment obligation EIM had
requested to REL for providing corporate guarantee with limit
as mentioned above.
We request you to note that, providing a Corporate Guarantee
is in the overall interest of the REL as it will help EIM an
associate entity to expand its business operations.
EIM is a separate legal entity having its own assets and financial
resources. The present paid up equity share capital of EIM is Rs.
109.62 Crore and Net-worth Rs 361.22 Crore.
Since corporate guarantee is a non-fund based contingent
liability, it has no immediate financial impact on the REL.
The said announcement is also being made available for stakeholders on the website of the Company at
www.ravindraenergy.com
You are requested to take the above announcement on your record and disseminate the same for the
information of the stakeholders.
Thanking you.
Yours faithfully,
FOR RAVINDRA ENERGY LIMITED
Madhukar Shipurkar
Company Secretary and Compliance officer
Mem. No. A64947
August 26, 2026
Registered Office: BC 105, Havelock Road, Camp, Belgaum – 590001, Karnataka, India.
P +91-831-2406600 | CIN L40104KA1980PLC075720
W www.ravindraenergy.com | E contact@ravindraenergy.com