Ravindra Energy Limited Provides Corporate Guarantee for EIM Lease
Ravindra Energy Limited disclosed a corporate guarantee to TATA Capital Limited to secure a lease facility for its associate, Energy In Motion Limited. The guarantee covers up to 50% of a INR 20 Crores lease for electric commercial vehicles. The transaction is on an arm's length basis and involves no immediate financial impact as it is a non-fund based contingent liability.
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Ravindra Energy Limited has disclosed, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that it has extended a corporate guarantee in favour of TATA Capital Limited (TCL). The guarantee secures outstanding receivables related to a lease facility granted to its associate entity, Energy In Motion Limited (EIM). The disclosure was made on May 6, 2026, referencing SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Transaction Overview
Under the arrangement, TATA Capital Limited has agreed to make available certain electric commercial vehicles on a lease basis to Energy In Motion Limited. The facility involves a maximum principal amount of INR 20 Crores (Lease Value) by way of a Finance Lease Facility. Ravindra Energy Limited has provided the corporate guarantee to TCL to secure outstandings payable by EIM, with the guarantee limit not exceeding 50% (fifty per cent) of the Lease Value.
The key details of the transaction are summarised below:
| Parameter: | Details |
|---|---|
| Guarantor: | Ravindra Energy Limited (REL) |
| Beneficiary (Lender): | TATA Capital Limited (TCL) |
| Entity for which Guarantee is Provided: | Energy In Motion Limited (EIM) |
| Nature of Facility: | Finance Lease Facility (Electric Commercial Vehicles) |
| Maximum Lease Value: | INR 20 Crores |
| Guarantee Limit: | Not exceeding 50% of Lease Value |
| Nature of Guarantee: | Non-fund based contingent liability |
| Basis of Transaction: | Arm's length |
| Date of Disclosure: | May 6, 2026 |
About the Entities Involved
Energy In Motion Limited is a company incorporated in India under the Companies Act, 2013, bearing corporate identification number U29304KA2024PLC186460, with its registered office at BC 105 Havelock Road Camp, Belgaum Camp, Belgaum – 590001, Karnataka. The present paid-up equity share capital of EIM is Rs. 100.48 Crores.
TATA Capital Limited is a company incorporated under the provisions of the Companies Act, 1956, bearing CIN No. L65990MH1991PLC060670, with its registered office at 11th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai 400013.
Related Party Interest and Arm's Length Basis
Ravindra Energy Limited holds a 49.50% equity shares stake in Energy In Motion Limited, making EIM an associate entity of REL. Mr. Narendra Murkumbi, one of the promoters of Ravindra Energy Limited, serves as a common Director in both REL and EIM and is accordingly considered an interested Director in this transaction. The company has confirmed that the corporate guarantee has been extended on an arm's length basis.
Impact on Ravindra Energy Limited
Ravindra Energy Limited has stated that providing the corporate guarantee is in the overall interest of the company, as it will assist EIM in expanding its business operations. Since the corporate guarantee is a non-fund based contingent liability, the company has clarified that it carries no immediate financial impact on Ravindra Energy Limited. EIM is noted to be a separate entity with its own assets and financial resources. The announcement has been made available to stakeholders on the company's website at www.ravindraenergy.com .
Historical Stock Returns for Ravindra Energy
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.71% | -9.18% | +2.37% | -12.36% | +24.89% | +56.78% |
How might Ravindra Energy Limited's contingent liability exposure evolve if Energy In Motion Limited seeks additional lease financing beyond the current INR 20 Crore facility to scale its EV fleet operations?
Could Ravindra Energy Limited's 49.50% stake in EIM eventually lead to a full acquisition or consolidation, given its increasing financial backing of the associate entity?
How will Energy In Motion Limited's ability to repay the TATA Capital lease facility impact Ravindra Energy Limited's credit profile and its capacity to raise future financing?
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