Retina Paints Limited , a prominent player in the paint industry, has taken a significant step to support its subsidiary, Retina Retail Limited. The company's Board of Directors has approved providing a corporate guarantee not exceeding Rs. 6.00 crore to Union Bank of India. This guarantee will serve as collateral for cash credit facilities sanctioned to Retina Retail Limited.

Key Details of the Corporate Guarantee

• Amount: Not exceeding Rs. 6.00 crore
• Beneficiary: Union Bank of India
• Purpose: Collateral for cash credit facilities for Retina Retail Limited
• Terms: Annual renewal basis
• Accounting Treatment: To be disclosed as a contingent liability in Retina Paints Limited's standalone financial statements

Financial Implications

The corporate guarantee is structured on an arm's length basis, indicating that the terms are similar to those that would have been agreed upon between unrelated parties. This approach ensures fairness and transparency in the transaction between Retina Paints Limited and its subsidiary.

By providing this guarantee, Retina Paints Limited is effectively supporting the financial operations of Retina Retail Limited without directly injecting capital. This strategy may help the subsidiary secure necessary credit facilities for its operations while potentially benefiting from more favorable terms due to the parent company's backing.

Recent Financial Performance

According to the company's recent financial results for the half-year ended September 30:

While the company has shown growth in revenue compared to the same period last year, there has been a decrease in profitability.

Conclusion

The decision to provide a corporate guarantee to its subsidiary demonstrates Retina Paints Limited's commitment to supporting its group companies. As this guarantee will be reflected as a contingent liability, stakeholders will need to consider its potential impact on the company's financial position. The utilization of this guarantee by Retina Retail Limited will be an area of interest for investors and analysts in the coming months.

Retina Paints Limited has announced a significant change in its leadership team with the appointment of Shri Manthri Bharat Kumar as the company's new Chief Financial Officer (CFO). The appointment, which took immediate effect, was approved by the Board of Directors on October 16, 2025, following recommendations from the Nomination and Remuneration Committee and Audit Committee.

Kumar's Professional Background

Manthri Bharat Kumar brings a wealth of experience to his new role at Retina Paints Limited. His credentials and experience include:

Industry Experience

Kumar's diverse industry experience spans several sectors, including:

• Education
• Manufacturing
• Software
• Real estate
• Retail
• Hospitality

Previous Positions

Prior to joining Retina Paints Limited, Kumar held notable positions in the financial sector:

1. Senior Manager (Financial Reporting) at Varsity Education Management Private Limited
2. Manager (Audit & Assurance) at Guru & Jana Chartered Accountants

The appointment of Manthri Bharat Kumar as CFO is expected to bring valuable financial expertise to Retina Paints Limited. His extensive experience across various industries and his proficiency in financial reporting, auditing, and corporate restructuring position him well to contribute to the company's financial strategies and growth objectives.

This strategic move by Retina Paints Limited underscores the company's commitment to strengthening its financial leadership and governance. As the new CFO, Kumar will likely play a crucial role in shaping the company's financial policies, ensuring compliance with regulatory requirements, and driving financial performance.