RRIL Ltd Board Approves ₹500 Cr Borrowing Limit, ₹150 Cr Guarantee

RRIL Ltd's Board of Directors, in a meeting held on November 02, 2026, approved increasing the company's borrowing limits/authorization up to ₹500 Crore (Rupees Five Hundred Crore only) under Sections 180(1)(a), 180(1)(c) and 186 of the Companies Act 2013. This is subject to shareholder approval via postal ballot. Additionally, the Board approved providing a Corporate Guarantee/Security of up to ₹150 Crore (Rupees One Hundred Fifty Crore only) in favor of HDFC Banks Limited or other banks/financial institutions. This guarantee is for credit facilities to be availed by Sumati Spintex Private Limited, a subsidiary, for its business operations. This corporate guarantee also requires shareholder approval and other statutory and regulatory clearances. The promoter group has an interest in the transaction due to common directors, but the guarantee will be extended at arm's length. The meeting commenced at 6:00 p.m. and concluded at 6:45 p.m.