Corporate Governance14 Aug 2026, 10:50 pm
Ravindra Energy: No Deviation in Preferential Issue Fund Use for Q1 FY27
AI Summary
Ravindra Energy Ltd has filed a Statement of Deviation for funds raised through a preferential issue for Q1-FY2026-27. The company raised ₹180 Crores on October 16, 2024. The filing indicates no deviation or variation in the utilization of these funds. Minor adjustments were made within approved limits for renewable energy and EV businesses, totaling ₹6 Crs increase for renewable energy and a ₹5.99 Crs decrease for EV, with general corporate purposes remaining unchanged. The statement confirms adherence to SEBI regulations and circulars from BSE and NSE.
Key Highlights
- No deviation reported in preferential issue fund utilization for Q1 FY27.
- Total funds raised via preferential issue: ₹180 Crores.
- Minor allocation shifts within approved limits for renewable energy and EV.
- Monitoring agency: India Ratings and Research Private Limited.
- Statement filed as per SEBI (LODR) Regulations, 2015.
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