Ravindra Energy Extends Corporate Guarantee to ₹296 Crore for Associate Entity's Banking Facilities

2 min read     Updated on 13 Mar 2026, 06:01 PM
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AI Summary

Ravindra Energy Limited has extended its corporate guarantee from ₹135 crore to ₹296 crore for associate entity Energy In Motion Limited's banking facilities with YES Bank. The guarantee covers various credit facilities worth ₹296 crore and hedge facilities of ₹32 crore. Ravindra Energy holds 49.50% stake in Energy In Motion Limited, which has a paid-up capital of ₹100.48 crore. The arrangement is structured on arm's length basis and aims to help the associate entity secure competitive credit terms for business expansion.

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Ravindra Energy Limited has extended its corporate guarantee for banking facilities availed by its associate entity Energy In Motion Limited from YES Bank Limited. The company disclosed this development on March 13, 2026, in compliance with SEBI listing regulations.

Corporate Guarantee Details

The guarantee arrangement covers comprehensive banking facilities sanctioned by YES Bank Limited to Energy In Motion Limited. The bank has approved various credit facilities totaling significant amounts for the associate entity's business operations.

Facility Type: Amount
Credit Facilities: ₹296 crore
Hedge Facilities: ₹32 crore
Previous Guarantee Limit: ₹135 crore
Extended Guarantee Limit: ₹296 crore (inclusive of earlier limit)

Associate Entity Relationship

Energy In Motion Limited operates as an associate entity of Ravindra Energy Limited with established corporate connections. The relationship involves significant equity participation and shared management structure.

Parameter: Details
Ravindra Energy's Stake: 49.50% equity shares
Paid-up Capital of EIM: ₹100.48 crore
Common Director: Mr. Narendra Murkumbi (Promoter of REL)
Corporate Status: Energy In Motion Limited (formerly Energy In Motion Private Limited)

Business Rationale and Impact

The corporate guarantee serves strategic business purposes for both entities involved. Ravindra Energy emphasized that the arrangement operates on commercial terms while supporting the associate entity's growth objectives.

Key aspects of the guarantee impact include:

  • Competitive Terms: The guarantee enables Energy In Motion Limited to secure credit facilities at favorable rates from YES Bank Limited
  • Business Expansion: The facilities support the associate entity's principal business activities and operational expansion
  • Financial Structure: As a non-fund-based contingent liability, the guarantee has no immediate financial impact on Ravindra Energy Limited
  • Arm's Length Basis: The corporate guarantee is extended on arm's length terms despite the promoter connection

Regulatory Compliance

The disclosure follows SEBI regulations under the Listing Obligations and Disclosure Requirements framework. Energy In Motion Limited is incorporated under the Companies Act, 2013, with corporate identification number U29304KA2024PLC186460 and registered office in Belgaum, Karnataka.

The company noted that Mr. Narendra Murkumbi, being a common director in both entities and a promoter of Ravindra Energy Limited, is considered an interested director in this transaction. Despite this connection, the guarantee arrangement maintains arm's length commercial terms.

Corporate Structure

Energy In Motion Limited maintains independent operational status with its own asset base and financial resources. The entity's separate corporate structure provides operational flexibility while benefiting from the parent company's financial backing through the guarantee mechanism.

Historical Stock Returns for Ravindra Energy

1 Day5 Days1 Month6 Months1 Year5 Years
-8.78%-7.75%-13.83%-26.76%+0.99%+44.69%

Ravindra Energy CEO Acquires 50,000 Equity Shares Through ESOP Exercise Worth Rs. 50 Lakh

1 min read     Updated on 09 Mar 2026, 05:31 PM
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Ravindra Energy Limited's Whole-Time Director & CEO Shantanu Lath acquired 50,000 equity shares worth Rs. 50 lakh on March 06, 2026, through exercise of employee stock options under the company's 2022 ESOP plan. The shares were acquired at an exercise price of Rs. 100 each with a face value of Rs. 10, representing 0.03% shareholding. The disclosure was made in compliance with SEBI insider trading regulations.

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Ravindra energy Limited has disclosed a significant shareholding change by its senior management through the exercise of employee stock options. The company's Whole-Time Director & CEO Shantanu Lath acquired equity shares under the regulatory framework governing insider trading disclosures.

ESOP Exercise Details

The transaction involved the acquisition of 50,000 equity shares through the exercise of employee stock options granted under the Ravindra Energy Employee Stock Option Plan, 2022. The key parameters of this acquisition are presented below:

Parameter: Details
Number of Shares: 50,000 (Fifty thousand)
Face Value: Rs. 10 per share
Exercise Price: Rs. 100 per share
Total Value: Rs. 50,00,000 (Fifty Lakhs)
Transaction Date: March 06, 2026
Shareholding Percentage: 0.03%

Executive Profile and Transaction Context

Shantanu Lath, holding DIN 07876175, serves as the Whole-Time Director & Chief Executive Officer of Ravindra Energy Limited. Prior to this transaction, he held no equity shares in the company. The acquisition represents his first shareholding in the company through the structured ESOP mechanism.

Regulatory Compliance Framework

The disclosure was made under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015, ensuring transparency in shareholding changes by key management personnel. The company filed the necessary forms with both BSE Limited and National Stock Exchange of India Limited on March 09, 2026.

Post-Transaction Shareholding Position

Following the ESOP exercise, Shantanu Lath now holds 50,000 equity shares, representing 0.03% of the company's total shareholding. This acquisition aligns the CEO's interests with shareholder value creation through equity participation.

Corporate Governance Disclosure

The transaction details have been made available on the company's official website at ravindraenergy.com, maintaining transparency standards. Company Secretary & Compliance Officer Madhukar R Shipurkar facilitated the regulatory filings and disclosures in accordance with SEBI guidelines.

Historical Stock Returns for Ravindra Energy

1 Day5 Days1 Month6 Months1 Year5 Years
-8.78%-7.75%-13.83%-26.76%+0.99%+44.69%

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1 Year Returns:+0.99%