Ravindra Energy: CARE Ratings Confirms No Deviation in Rights Issue Proceeds

Ravindra Energy Ltd has received a Monitoring Agency Report from CARE Ratings Limited for the quarter ended June 30, 2026, pertaining to its rights issue. The report confirms that the utilization of the rights issue proceeds, amounting to ₹200.53 crore, is in line with the objects disclosed in the offer document. CARE Ratings, acting as the monitoring agency, has declared no deviation from the stated objectives. The company has made this report available on its website.