Ravindra Energy Extends Corporate Guarantee to ₹296 Crore for Associate Entity's Banking Facilities
Ravindra Energy Limited has extended its corporate guarantee from ₹135 crore to ₹296 crore for associate entity Energy In Motion Limited's banking facilities with YES Bank. The guarantee covers various credit facilities worth ₹296 crore and hedge facilities of ₹32 crore. Ravindra Energy holds 49.50% stake in Energy In Motion Limited, which has a paid-up capital of ₹100.48 crore. The arrangement is structured on arm's length basis and aims to help the associate entity secure competitive credit terms for business expansion.

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Ravindra Energy Limited has extended its corporate guarantee for banking facilities availed by its associate entity Energy In Motion Limited from YES Bank Limited. The company disclosed this development on March 13, 2026, in compliance with SEBI listing regulations.
Corporate Guarantee Details
The guarantee arrangement covers comprehensive banking facilities sanctioned by YES Bank Limited to Energy In Motion Limited. The bank has approved various credit facilities totaling significant amounts for the associate entity's business operations.
| Facility Type: | Amount |
|---|---|
| Credit Facilities: | ₹296 crore |
| Hedge Facilities: | ₹32 crore |
| Previous Guarantee Limit: | ₹135 crore |
| Extended Guarantee Limit: | ₹296 crore (inclusive of earlier limit) |
Associate Entity Relationship
Energy In Motion Limited operates as an associate entity of Ravindra Energy Limited with established corporate connections. The relationship involves significant equity participation and shared management structure.
| Parameter: | Details |
|---|---|
| Ravindra Energy's Stake: | 49.50% equity shares |
| Paid-up Capital of EIM: | ₹100.48 crore |
| Common Director: | Mr. Narendra Murkumbi (Promoter of REL) |
| Corporate Status: | Energy In Motion Limited (formerly Energy In Motion Private Limited) |
Business Rationale and Impact
The corporate guarantee serves strategic business purposes for both entities involved. Ravindra Energy emphasized that the arrangement operates on commercial terms while supporting the associate entity's growth objectives.
Key aspects of the guarantee impact include:
- Competitive Terms: The guarantee enables Energy In Motion Limited to secure credit facilities at favorable rates from YES Bank Limited
- Business Expansion: The facilities support the associate entity's principal business activities and operational expansion
- Financial Structure: As a non-fund-based contingent liability, the guarantee has no immediate financial impact on Ravindra Energy Limited
- Arm's Length Basis: The corporate guarantee is extended on arm's length terms despite the promoter connection
Regulatory Compliance
The disclosure follows SEBI regulations under the Listing Obligations and Disclosure Requirements framework. Energy In Motion Limited is incorporated under the Companies Act, 2013, with corporate identification number U29304KA2024PLC186460 and registered office in Belgaum, Karnataka.
The company noted that Mr. Narendra Murkumbi, being a common director in both entities and a promoter of Ravindra Energy Limited, is considered an interested director in this transaction. Despite this connection, the guarantee arrangement maintains arm's length commercial terms.
Corporate Structure
Energy In Motion Limited maintains independent operational status with its own asset base and financial resources. The entity's separate corporate structure provides operational flexibility while benefiting from the parent company's financial backing through the guarantee mechanism.
Historical Stock Returns for Ravindra Energy
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -8.78% | -7.75% | -13.83% | -26.76% | +0.99% | +44.69% |


































