Rudra Gas Enterprise Ltd

Rudra Gas Enterprise Ltd announced the re-appointment of Mr. Kush Patel as Managing Director for a further period of 3 years, effective September 4, 2026. This decision was approved by the Board of Directors on August 21, 2026, based on the recommendation of the Nomination and Remuneration Committee. The appointment is subject to shareholder approval. Mr. Patel, who holds a Bachelor of Technology degree, has over 10 years of experience in the Oil and Gas Industry and manages key functions including finance, accounting, and network development. He is not debarred from holding a director's office. His mother and brother are also directors in the company.

Rudra Gas Enterprise Ltd has successfully completed the acquisition of 71% equity shares in DS Pipeline Projects Limited (DSPL) for a total consideration of INR 18,38,28,330. This strategic move makes DSPL a subsidiary of Rudra Gas Enterprise, aiming to diversify and expand its existing business operations. DSPL operates in the gas pipeline sector, focusing on laying High-Pressure Steel Gas Pipelines, Medium Density Polyethylene Pipelines, and PNG Connections. The acquisition is not a related party transaction, and DSPL's registered office is in Delhi. The company reported audited revenues of INR 8.48 Cr for FY25, INR 6.95 Cr for FY24, and INR 5.33 Cr for FY23.

Rudra Gas Enterprise Ltd has increased its investment in its subsidiary, Rudra Global Green Energy Private Limited, by allotting 35,00,000 equity shares worth ₹3,50,00,000. This investment will be utilized for the execution of existing and future tenders. The subsidiary's pre-issue paid-up capital was ₹1,00,000, which has now increased to ₹6,88,00,000 post-allotment. The subsidiary operates in the renewable energy sector, focusing on solar and other green technologies. The transaction is considered a related party transaction but was conducted at arm's length.

Rudra Gas Enterprise Ltd has announced the incorporation of its wholly-owned subsidiary, Rudra Bio Energy Private Limited, on June 20, 2026. The subsidiary, which is yet to commence business, aims to expand the company's business horizons in the bio-fuels sector. Rudra Gas Enterprise has invested ₹51,000 for a 51% stake in the new entity. The incorporation does not involve related party transactions and the promoters have no interest in the subsidiary.

Rudra Gas Enterprise Ltd promoters Kush Sureshbhai Patel and Kashyap Sureshbhai Patel have created an encumbrance on their shares in favor of Truepay Finance Private Limited. This action, disclosed under SEBI regulations, involves pledging 8,80,000 shares (4,40,000 each by Kush and Kashyap Patel) representing 4.60% of the total share capital. The encumbrance was created on June 5, 2026, to secure a loan. Following this, the promoters' encumbered shareholding stands at 17.47% of the total share capital.

Rudra Gas Enterprise Ltd's board approved standalone and consolidated audited financial results for the quarter and year ended March 31, 2026, during a meeting held on May 30, 2026. The results, along with statements of assets, liabilities, cash flow, and auditor's report with an unmodified opinion, are available on the company's website.

Rudra Gas Enterprise Ltd has scheduled a Board of Directors meeting on May 30, 2026, to consider and approve the standalone and consolidated annual audited financial results for the quarter and year ended March 31, 2026, along with the Statement of Assets & Liabilities. The trading window is closed from April 1, 2026, and will remain closed until June 3, 2026.

Rudra Gas Enterprise Ltd. has announced a contract for the long-term supply of Compressed Bio Gas (CBG) to retail outlets of Gujarat Gas Limited, facilitated through a tripartite agreement with GAIL (India) Limited. The agreement, valid until December 31, 2047, involves supplying CBG via multiple modes, including direct carriers, pipeline networks, and compression-transportation-decompression arrangements. The contract is expected to generate monthly billing of approximately ₹1.25 Crore based on current pricing.

Rudra Gas Enterprise Ltd has resolved to enter into a Tripartite Agreement with GAIL (India) Limited and Gujarat Gas Limited. This strategic business transaction involves Rudra Gas transporting Compressed Bio Gas (CBG) to Gujarat Gas Limited's retail outlets. The agreement, currently in its pre-operative stage with terms being finalized, is set to be valid until December 31, 2047. The company anticipates a monthly billing of approximately ₹1 Crore based on current pricing. A comprehensive final disclosure will be provided upon formal execution of the agreement.

Rudra Gas Enterprise Ltd has disclosed the share holding of the Promoter and Promoter Group as of March 31, 2026, under Regulation 31 (4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The Promoter and Promoter Group held 6102800 shares of Rudra Gas Enterprise Limited with no encumbrances, except those disclosed during the financial year. The details of encumbrances made during the financial year ending 31st March, 2026, are provided in the disclosure.