Race Eco Chain (RACE) has provided a corporate guarantee of ₹4.97 Cr to Bank of India.

This guarantee supports a credit facility for its material subsidiary, Silverline Eco Thrive Limited. **Issue:** RACE is taking on a contingent liability for its subsidiary's debt. **Possible Impact:** While currently stated as having no direct impact beyond financial disclosure, a corporate guarantee means RACE would be liable if the subsidiary defaults on its loan.

This introduces a potential financial risk for the company and its shareholders. **Company’s Response:** RACE clarifies that Silverline Eco Thrive is a Material Subsidiary and part of the consolidated group.

The transaction is done on an "arm's length" basis, with minimal promoter interest beyond a common directorship for governance.

This move aims to support the subsidiary's operations and funding needs. #RaceEcoChain #CorporateGuarantee #SubsidiaryFunding #InvestorInfo