Ravindra Energy Limited has submitted a disclosure to BSE Limited and National Stock Exchange of India Limited regarding the acquisition of equity shares by its Whole-Time Director & Chief Executive Officer, Mr. Shantanu Lath, through the exercise of Employee Stock Option Plans (ESOPs). The disclosure, dated May 2, 2026, was made in compliance with Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015.

Transaction Details

The acquisition involved 70,000 equity shares with a face value of Rs. 10 each, exercised at a price of Rs. 100 per share. The total value of the transaction amounted to Rs. 70,00,000. The shares were allotted on April 29, 2026, under the Ravindra Energy Employee Stock Option Plan, 2022.

Shareholding Pattern

Prior to this acquisition, Shantanu Lath held 50,000 equity shares, representing 0.03% of the company's share capital. Following the ESOP exercise, his total shareholding has increased to 1,20,000 equity shares, which now represents 0.07% of the company.

Regulatory Compliance

The disclosure was formally submitted by Madhukar R Shipurkar, Company Secretary & Compliance Officer of Ravindra Energy Limited, to both BSE Limited (Scrip Code: 504341) and National Stock Exchange of India Limited (Scrip Code: RELTD). The company's ISIN is INE206N01018. As the acquisition was made through ESOPs, no exchange trading was involved in this transaction.

Ravindra Energy Limited has announced its comprehensive business update for Q4FY26, highlighting significant developments across its renewable energy generation and electric vehicle business segments for the period ended March 31, 2026. The company submitted its quarterly and year-to-date financial results to BSE Limited and National Stock Exchange of India Limited, completing all necessary regulatory filings.

Renewable Energy Portfolio Overview

The company's renewable energy business encompasses a total portfolio of 486.3 MWp across 113 locations in Maharashtra and Karnataka. The portfolio demonstrates strong diversification across multiple project categories and off-takers.

Renewable Energy Generation Performance

The operational renewable energy assets generated 194.1 million kWh during the year ended March 31, 2026, compared to 53.8 million kWh in the previous year. The quarterly performance for March 2026 showed generation of 78.3 million kWh versus 16.0 million kWh in March 2025.

Electric Vehicle Business Performance

The company's electric vehicle division, operating under the Energy In Motion (EIM) brand, achieved significant operational milestones during FY26. The business delivered 311 total units by March 31, 2026, comprising 277 sales units and 34 lease units.

Infrastructure Development

The EIM division has established comprehensive infrastructure to support its electric vehicle operations. The company operates battery swap stations and charging networks across multiple states, with expansion plans for FY27.

Current Network Status

Operational Metrics

The company's charging infrastructure achieved significant utilization metrics by April 27, 2026:

• Total battery swaps across all stations: 11.7 thousand
• Total charging sessions across all chargers: 3.8 thousand
• Total energy dispensed: 2.93 million kWh

Manufacturing Capabilities

Ravindra Energy has established an assembly plant in Talegaon, Pune, with an annual production capacity of 5,000 units. The facility features modern infrastructure including overhead cranes and comprehensive manufacturing capabilities to support the company's electric vehicle production requirements.

Financial Performance and Future Outlook

The EIM division reported total revenue of ₹1,805.9 million for the year ended March 31, 2026, while recording a loss of ₹152.9 million. The company has established partnerships with multiple financial institutions including six banks, two NBFCs, and two leasing companies to provide financing solutions for customers.

The business outlook indicates strong demand momentum driven by Total Cost of Ownership parity with diesel vehicles and expected increases in diesel prices. The company plans network expansion across four key corridors including NCR region around New Delhi, Delhi-Mumbai highway, Kandla and Mundra ports, and Mumbai-Pune Expressway for FY27.