Ravindra Energy: Monitoring Report on Preferential Issue Proceeds Q1 FY27

Ravindra Energy Ltd has submitted its Monitoring Agency Report for Q1 FY2026-27, detailing the utilization of proceeds from its preferential issue. The report, prepared by India Ratings and Research Private Limited, confirms no deviation from the stated objects of the issue. The preferential issue, which raised INR 180 Crores, involved the allotment of 2,43,24,313 equity shares at ₹74 per share. The report is based on management undertakings and a certificate from the statutory auditor, P. Ishwara and Bhat & Co. The company has also made the report available on its website.