Ravindra Energy disclosed a transaction involving a connected person to the stock exchanges on June 3, 2026. The filing was submitted in compliance with Regulation 7(3) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

The disclosure pertains to Mr. Shailesh Rojekar, who is identified as a connected person of the company. The specific details of the transaction were submitted to ensure regulatory compliance regarding insider trading activities.

Regulatory Filing Details

The submission was formally communicated by Madhukar R Shipurkar, the Company Secretary & Compliance Officer of Ravindra Energy Limited. The document was digitally signed on June 3, 2026, at 20:00:56 IST.

The company confirmed that the information regarding this disclosure is also available on its official website. The registered office of Ravindra Energy Limited is located at BC 105, Havelock Road, Camp, Belgaum – 590001, Karnataka, India.

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.