Radiant Cash Management Services Ltd Issues Corporate Guarantee of INR 120 Million for Subsidiary

Radiant Cash Management Services Ltd, a former Radiant Cash Management Service Pvt. Ltd., has issued a corporate guarantee of INR 120 Million (Rupees One Hundred and Twenty Million only) for its subsidiary, Aceware Fintech Services Private Limited. The guarantee is to secure credit facilities availed from The Federal Bank Limited. The guarantee is issued at an arm's length basis, in compliance with the applicable provisions of the Companies Act, 2013, the SEBI Listing Regulations and other applicable laws. The guarantee will be disclosed as a contingent liability in the books of the Standalone Financial Statements of the Company and the actual borrowings of Aceware Fintech Services Pvt. Ltd from The Federal Bank Ltd, as on the reporting date, would be recorded as a borrowing in the consolidated financial statements of the listed entity.