HMEL signed a Memorandum of Understanding (MoU) with State Bank of India, country’s largest banking institution, to introduce a seamless electronic finance facility for its retail dealer network across the country. Under this strategic partnership, retail dealers of HMEL will gain access to SBI’s fully digital financing solution designed to simplify and expedite the credit process. Leveraging SBI’s extensive reach and expertise, this programme will enable faster approvals, real-time processing and enhanced transparency, thereby strengthening working capital support and enabling dealers to meet growing customer demand efficiently. The MoU in this regard was signed on December 1, 2025 at Noida by Mr. Prabh Das, MD&CEO, HMEL and Mr. Raghavan Sriraman, Chief General Manager, SBI, in presence of Mr. Harak Banthia, CFO, HMEL and Mr. Sanjeev Malhotra, VP-Treasury, along with distinguished members from both entities. This partnership marks a significant step forward in strengthening our retail dealer ecosystem. We are excited about the journey ahead and the value this will create for our partners and stakeholders.