Ravindra Energy Ltd

Ravindra Energy Limited announced that its promoters, Mr. Narendra Madhusudan Murkumbi and Khandepar Investments Private Limited, have created a pledge on a total of 2,170,800 equity shares. Mr. Murkumbi pledged 300,000 shares, while Khandepar Investments pledged 1,870,800 shares. These shares are pledged with TATA Capital Limited as security against a loan obtained by Ravindra Energy Limited. The disclosure was made under Regulation 31(1) of SEBI (SAST) Regulations, 2011.

Ravindra Energy Ltd announced the re-appointment of Mr. Shantanu Lath as Whole-Time Director, designated as Chief Executive Officer (CEO), for a further term of 3 years. This decision was approved by the Board of Directors on August 14, 2026, based on recommendations from the Nomination Remuneration Committee. The re-appointment is subject to shareholder approval at the upcoming Annual General Meeting. Mr. Lath, a Chartered Accountant, has been with the group since 2012 and has served as CEO since September 1, 2019. He is not related to any other directors or key managerial personnel.

Ravindra Energy Limited (REL) has provided a business update detailing its Renewable Energy and Electric Vehicle business activities. The company has submitted its quarterly/year-to-date financial results for the period ended June 30, 2026, to the stock exchanges. The update highlights the company's operating renewable energy portfolio, which stands at 261.2 MWp across various locations and off-takers, including MSEDCL and Karnataka DISCOMs. Additionally, REL has 231.10 MWp under construction and development, bringing the grand total capacity to 492.3 MWp. The report also includes operational data for the quarter ended June 26, showing energy generation figures and year-on-year comparisons.

Ravindra Energy Ltd has filed its Statement of Deviation for Q1-FY2026-27 concerning its Rights Issue. The company raised ₹200.53 crore through the rights issue, which was allotted on June 25, 2026. The funds were utilized for investment in its associate company, Energy In Motion Limited (EIM), for repayment of ICDs amounting to ₹150 crore, general corporate purposes (₹48.93 crore), and issue-related expenses (₹1.60 crore). The monitoring agency, CARE Ratings Limited, has confirmed that there is no deviation or variation in the utilization of funds raised. The report covers the period ending June 30, 2026.

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.

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.

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.

Ravindra Energy Ltd has submitted its Monitoring Agency Report for Q1-FY2026-27, prepared by India Ratings and Research Private Limited. The report confirms that the utilization of proceeds from the preferential issue, amounting to INR 180 Crores, has been in line with the stated objects. The company's management provided an undertaking, supported by a certificate from statutory auditors P. Ishwara and Bhat & Co., confirming no deviation. The preferential issue involved the allotment of 2,43,24,313 equity shares at ₹74 per share between October 10-16, 2024.

Ravindra Energy Ltd announced its Board Meeting outcome on August 14, 2026. The board considered and approved re-stated consolidated audited financial results for Q4FY2025-26 and the year ended March 31, 2026. Additionally, unaudited standalone and consolidated financial results for Q1FY2026-27 were approved. The company also re-appointed Mr. Shantanu Lath as Whole Time Director and CEO, subject to member approval. The Ravindra Energy Employee Stock Option Scheme, 2026 was also approved. The re-stated financial statements supersede those filed on April 29, 2026, due to revised accounting policies.

Ravindra Energy Limited announced its board meeting outcomes, including the approval of restated consolidated audited financial results for Q4 FY2025-26 and the year ended March 31, 2026. The company also declared unaudited standalone and consolidated financial results for Q1FY2026-27. Additionally, the board re-appointed Mr. Shantanu Lath as Whole Time Director and CEO, and approved the Ravindra Energy Employee Stock Option Scheme, 2026, subject to shareholder approval. The re-stated results supersede previously submitted financials due to revised accounting policies.