Greaves Cotton Limited has issued a corporate guarantee of ₹100.00 crores to IDFC FIRST Bank Limited as security for working capital and term loan facilities availed by its material subsidiary. The company made this disclosure on December 31, 2025, in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Corporate Guarantee Details

The guarantee has been provided to IDFC FIRST Bank Limited as security for facilities availed by Greaves Electric Mobility Limited (GEML), which is a material subsidiary of the company. The arrangement covers both working capital and term loan facilities extended by the bank to GEML.

Regulatory Compliance and Disclosure

The disclosure was made pursuant to SEBI Listing Regulations and relevant circulars, including SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2025/25 dated February 25, 2025, and SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company has provided comprehensive details as required under the regulatory framework.

Promoter Interest and Transaction Nature

Greaves Cotton has confirmed that promoters, promoter groups, and group companies have no interest in this transaction. The corporate guarantee has been issued on an arm's length basis, ensuring compliance with regulatory requirements for related party transactions.

Financial Impact Assessment

The company has stated that there is no immediate impact on its operations, except to the extent of the guarantee amount in the event GEML is unable to meet its repayment obligations to IDFC FIRST Bank Limited. The corporate guarantee constitutes a contingent liability for Greaves Cotton Limited.

The guarantee arrangement supports the financing requirements of Greaves Electric Mobility Limited while creating a structured contingent liability framework for the parent company.

Greaves Cotton Limited has announced a key senior management appointment as part of its strategic realignment initiative. The company has appointed Santosh Singh as Chief Strategy and AI Officer, effective December 15, 2025, to strengthen execution across emerging business vectors and drive the company's future-focused growth strategy.

Strategic Leadership Addition

The appointment details highlight Singh's comprehensive role within the organization:

Singh will lead strategy, transformation, AI-led enterprise capability building, and business excellence for the Group. His primary focus will be on accelerating growth for Greaves Technologies Limited (GTL), developing an enterprise-wide AI roadmap, and fostering partnerships with hyperscalers and leading AI labs.

Professional Background and Experience

Santosh Singh brings extensive expertise to his new role, with a distinguished career spanning over two decades. His professional profile demonstrates strong credentials in strategic leadership:

• Total Experience: 24 years in strategy, business excellence, innovation, and AI-led enterprise transformation
• Previous Role: Global Head-Marketing and Business Excellence at Tata Technologies Limited (TTL)
• Tata Group Experience: Over 20 years across Tata companies in senior roles
• Key Achievements: Award-winning initiatives in marketing, brand building, and business transformation

At Tata Technologies, Singh co-led the enterprise GenAI roadmap, prioritized customer and productivity use-cases, and conducted multi-party workshops with hyperscalers, clients, and internal teams.

Strategic Focus Areas

In his new role with Greaves Cotton, Singh will concentrate on several critical areas to support the company's growth objectives:

• Leading Group Strategy and AI transformation initiatives
• Collaborating across business units to incubate and scale new growth vectors
• Championing business excellence initiatives across the company
• Supporting the execution of Greaves.NEXT strategy for sustainable growth across Energy, Mobility, and Industrial Solutions

Management Commentary

Parag Satpute, Managing Director and Group CEO of Greaves Cotton Limited, expressed enthusiasm about the appointment, stating that Singh's extensive expertise in strategy, digital transformation, and AI will play a significant role in shaping Greaves' next phase of growth. The leadership emphasized that Singh's global experience will further strengthen the company's innovation roadmap and support long-term business priorities.

Company Context

Greaves Cotton Limited operates as a diversified, future-ready engineering company with a legacy of over 165 years. The company delivers innovative and sustainable solutions across key sectors, with its growth strategy anchored on three core dimensions: accelerating core businesses, building new capabilities, and expanding into new horizons across Energy Solutions, Mobility Solutions, and Industrial Solutions. The company is recognized as one of India's largest manufacturers of single-cylinder diesel engines and maintains a long-standing association with the Indian armed forces.