Ravindra Energy Limited disclosed that Shantanu Lath, Whole-Time Director and Chief Executive Officer, sold 13,500 equity shares of the company on September 30, 2026.

The transaction was executed on the National Stock Exchange of India Limited via market sale. The total value of the disposal stood at ₹20,22,975, excluding taxes, brokerage, and other charges.

Transaction details

Lath’s holding in the company decreased from 1,33,500 shares to 1,20,000 shares following the sale. His stake reduced from 0.07% to 0.06% of the total shareholding.

Regulatory disclosure

The disclosure was made under Regulation 7(2) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The company received intimation from Lath on October 5, 2026, and subsequently filed the Form C with stock exchanges on October 7, 2026.

No trading in derivatives was reported by Lath during this period. The information is also available on the company's website.

Ravindra Energy Limited promoters have created a pledge on 8,57,000 equity shares valued at approximately ₹12.69 crore in favor of Tata Capital Limited. The transaction, executed on September 29, 2026, serves as additional collateral security for a loan facility obtained by the company.

The disclosure was made under Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The pledge involves two promoter entities: Khandepar Investments Private Limited and Narendra Murkumbi, Managing Director. This update clarifies that the previously reported off-market pledge is specifically tied to debt obligations with Tata Capital.

Pledge details and beneficiary

Khandepar Investments Private Limited pledged 7,57,000 equity shares valued at ₹11.21 crore, while Narendra Murkumbi pledged 1,00,000 equity shares valued at ₹1.48 crore. Both entities confirmed that no derivatives trading occurred in connection with these disclosures.

The shares were pledged as additional collateral against a loan obtained by Ravindra Energy Limited from Tata Capital Limited, an NBFC. The total disbursement amount associated with this specific tranche of the aggregate loan facility is ₹15 crore.

Promoter holding and encumbrance status

Post-transaction, the total promoter shareholding stands at 51.78% of the company's equity. The new pledges increase the total encumbered shares held by promoters to 2,97,68,300, representing 28.96% of the total promoter shareholding. This level remains below the 50% threshold for promoter shareholding encumbrance.

The total encumbered shares account for 15.00% of the total paid-up share capital. Existing pledges by Narendra Murkumbi include prior creations on December 27, 2024, March 11, 2025, August 5, 2026, and August 20, 2026. Similarly, Khandepar Investments Private Limited has existing pledges dated June 9, 2026, June 17, 2026, August 5, 2026, and August 20, 2026.

What the Numbers Show

The combined data reveals a concentrated reliance on Tata Capital for recent financing needs. While earlier pledges were secured against loans from Canara Bank, JM Financial Products, and others, all pledges created in August and September 2026 are exclusively in favor of Tata Capital. This indicates a shift toward a single lender for recent working capital or project funding tranches, aggregating significant collateral coverage across both major promoter entities.