Ravindra Energy Ltd

Ravindra Energy Ltd has issued a clarification regarding a recent spurt in trading volume of its securities. The company stated that it has consistently disclosed all material information and price-sensitive announcements as required by SEBI regulations. They confirmed that there is no pending information or announcement to be made, except for a press release scheduled for today. The company believes the stock movement is driven by market conditions and has assured that any future material events will be promptly disclosed.

Mr. Shantanu Lath, Whole-Time Director and Chief Executive Officer of Ravindra Energy Ltd, has sold 1.50% of his shareholding in the company. The transaction details indicate a sale of securities, with the holding decreasing from 5.66% to 4.16%. The filing is made in accordance with Regulation 7 of the SEBI (PIT) Regulations, 2015, requiring disclosures of changes in promoter, director, or designated person holdings. The exact quantity and value of the transaction were not explicitly stated in the provided text, but the percentage change is calculable. This disclosure is available on the company's website.

Ravindra Energy Limited announced that its promoters, Mr. Narendra Madhusudan Murkumbi and Khandepar Investments Private Limited, have created a pledge on a total of 8,57,000 equity shares. This encumbrance is to provide security against a loan obtained by Ravindra Energy Limited from TATA Capital Limited. Mr. Murkumbi pledged 1,00,000 shares, and Khandepar Investments pledged 7,57,000 shares. The reporting date for this disclosure is October 1, 2026, with the pledge creation effective from September 29, 2026. This action is in compliance with SEBI (SAST) Regulations, 2011.

Ravindra Energy Limited promoters, Narendra Madhusudan Murkumbi and Khandepar Investments Private Limited, have disclosed the creation of a pledge on a total of 8,57,000 equity shares. This pledge, executed on September 29, 2026, serves as security for a loan obtained by Ravindra Energy Limited from TATA Capital Limited. Narendra Madhusudan Murkumbi pledged 1,00,000 shares (0.05% of total share capital), while Khandepar Investments Private Limited pledged 7,57,000 shares (0.38% of total share capital). The disclosure was made on October 1, 2026, in compliance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Ravindra Energy Ltd announced that its promoters, Mr. Narendra Murkumbi and Khandepar Investments Private Limited, have created a pledge on 7,57,000 equity shares. The value of the pledged shares is ₹11,21,11,700. This disclosure is made in compliance with Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The holding of Khandepar Investments Private Limited remains at 30.49% post-pledge.

Ravindra Energy Ltd announced that its members, at the 46th Annual General Meeting (AGM) held on September 28, 2026, approved amendments to the company's Memorandum of Association (MoA) and Articles of Association (AoA). The AoA changes are to incorporate provisions for appointing a nominee director in case of default on a Rupee Term Loan (RTL) facility of up to INR 100 crore from Tata Capital Limited, and to include definitions related to the loan and lender's rights. The MoA was amended to reflect the shifting of the company's registered office from Belgaum, Karnataka, to Mumbai, Maharashtra.

Ravindra Energy Ltd announced the re-appointment of Mr. Shantanu Lath as Whole-Time Director, designated as Chief Executive Officer (CEO). This approval was granted by the company's members at the 46th Annual General Meeting (AGM) held on September 28, 2026. Mr. Lath's re-appointment is for a further term of 3 years, effective from August 11, 2026. He is a Chartered Accountant and has been with the group since 2012, serving as CEO since September 1, 2019. He is not related to any other directors or key managerial personnel.

Ravindra Energy Ltd has announced the closure of its trading window for all designated persons, connected persons, and their immediate relatives. This closure is in compliance with the Securities Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The trading window will remain shut from October 1, 2026, until 48 hours after the declaration of the financial results for the quarter and half-year ended September 30, 2026. The company will separately inform the stock exchanges about the date of the board meeting to approve these financial results. The announcement is also available on the company's website.

Ravindra Energy Limited (REL) announced a proposed merger with its associate company, Energy In Motion Limited (EIM), to create an integrated clean energy and electric mobility platform. EIM, jointly controlled by REL and J M Baxi Group, focuses on electric mobility solutions for heavy commercial transportation. The combined entity will offer integrated solutions including electric heavy commercial vehicles, battery-as-a-service, charging infrastructure, and renewable energy supply. Following the merger, J M Baxi Group will become a co-promoter of REL, and REL will be renamed 'Energy In Motion Limited' subject to approvals. The merged entity will also fully own EIM Megaplex Limited, which operates battery-swapping stations and charging infrastructure. This strategic move aims to leverage REL's renewable energy expertise with EIM's electric mobility platform to capitalize on the electrification and decarbonisation of heavy commercial transport.

Ravindra Energy Limited announced that its Board of Directors has approved a Scheme of Amalgamation of Energy In Motion Limited with Ravindra Energy Limited. The amalgamation is subject to various statutory, regulatory, and customary approvals, including those from stock exchanges, SEBI, the National Company Law Tribunal, and shareholders/creditors. The company also disclosed financial details for both entities as of June 30, 2026, and March 31, 2026, noting that the transferee company holds 49.54% of the transferor company's share capital. The consideration for the amalgamation will be discharged on an 'arm's length' basis.