Ravindra Energy has submitted the Letter of Offer to the Securities and Exchange Board of India (SEBI), BSE Limited, and National Stock Exchange of India for its proposed Rights Issue of 1,98,32,834 equity shares. The issue, priced at ₹101 per share (including a premium of ₹91), aggregates up to ₹2,003.12 million and is offered in the ratio of 1 Rights Equity Share for every 9 fully paid-up equity shares held as on the record date of June 8, 2026.

The Letter of Offer, dated June 3, 2026, was approved by the Finance Committee of the Board of Directors. The company received in-principle approval from BSE Limited and National Stock Exchange of India for the listing of the Rights Equity Shares on May 27, 2026. The issue proceeds are intended for investment in the company’s associate, Energy in Motion Limited, and for general corporate purposes.

Rights Issue Key Terms

The Board approved the issuance of equity shares on a rights basis. The key terms approved by the Board include:

Eligible equity shareholders will be offered 1 rights equity share for every 9 fully paid-up equity shares held as on the record date. The company currently has 17,86,94,463 outstanding equity shares, which will increase to 19,85,27,297 equity shares assuming full subscription of 1,98,32,834 equity shares.

Proposed Business Consolidation

In addition to the rights issue, the Board is evaluating a proposal for the consolidation of the business of Energy In Motion Limited with the company. The Board has constituted a Business Strategic Reorganization Committee to assess the feasibility, commercial rationale, and overall merits of the transaction. The committee will provide its recommendations to the Board, and the transaction will require further approvals.

Khandepar Investments Private Limited, a promoter of Ravindra Energy Limited , sold 22 lakh equity shares on June 1, 2026, for a total consideration of ₹26,16,15,809. The transaction was executed through a market sale on the National Stock Exchange (NSE), reducing the entity's shareholding in the company.

Following the disposal, Khandepar Investments Private Limited holds 5,77,08,844 equity shares, which represents 32.29% of the company's paid-up share capital. Prior to the sale, the promoter held 5,99,08,844 shares, accounting for 33.53% of the total shareholding.

The disclosure was submitted to the stock exchanges in compliance with Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The regulation mandates the immediate disclosure of changes in shareholding by promoters, members of the promoter group, or designated persons.

Transaction Details

The table below outlines the specific details of the share sale transaction:

The filing confirmed that no trading activity took place in the derivatives segment of the company's securities by the promoter during the relevant period.