Ravindra Energy Limited closed its rights issue on June 24, 2026, concluding the fundraising initiative that opened on June 16, 2026. The issue aimed to raise an amount aggregating not exceeding Rs 2,050 million through the issuance of equity shares on a rights basis. This closure marks the finalization of the subscription period as per the issue programme approved by the Board.

The rights issue offered fully paid-up equity shares with a face value of Rs 10 each at an issue price of Rs 101 per share. The Board had initially approved the issuance and allotment of these shares on May 16, 2026. Subsequently, the company filed the intimation regarding the record date, issue opening, and closing dates on May 27, 2026.

The issue opened on Tuesday, June 16, 2026, at 09:00 a.m. IST and closed on Wednesday, June 24, 2026, at 05:00 p.m. IST. The intimation was addressed to the Department of Corporate Services at BSE Limited and the National Stock Exchange of India Limited to ensure the information was placed on record.

Key Details of the Rights Issue

The company's scrip codes are 504341 on BSE Limited and RELTD on the National Stock Exchange of India Limited. The ISIN for the company is INE206N01018.

Promoter group members of Ravindra Energy Limited have renounced Rights Entitlements worth a total of ₹3.74 crore, reducing their collective holding in the company. Khandepar Investments Private Limited renounced 35,85,077 entitlements valued at ₹35,85,077, while Mr. Abhay Wadhwa renounced 27,777 entitlements valued at ₹15,38,741.95. The transactions were executed on June 18, 2026, and June 19, 2026, respectively, and were intimated to the stock exchanges on June 19, 2026, and June 23, 2026. These renunciations decrease the promoters' exposure to the company's rights issue.

The disclosures were made in compliance with Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. Khandepar Investments Private Limited, classified as an Indian Promoter entity, executed the renunciation through an off-market mechanism. Mr. Abhay Wadhwa, a member of the Promoter Group, also renounced his entitlements on the BSE. The value of these transactions excludes taxes, brokerage, and other charges.

Details of Transactions

The following table outlines the changes in the holdings of the promoter group members following the renunciations:

The company confirmed that no trading in derivatives was undertaken by the promoter entities during this period. The information is available on Ravindra Energy Limited's website.