Ravindra Energy Limited has invested approximately Rs 150 crore in its associate entity, Energy In Motion Limited (EIM), to support the latter's clean mobility solutions. The investment was made through a rights issue, where Ravindra Energy subscribed to 45,67,463 equity shares at an issue price of Rs 328.41 per share. This transaction increases the company's stake in EIM from 49.50% to 49.54%, ensuring it remains an associate entity.

The rights issue comprises equity shares with a face value of Rs 10 each, issued at a premium of Rs 318.41 per share. The consideration was paid in cash through banking channels. The investment aligns with the 'Objects of the Issue' outlined in the Letter of Offer dated June 3, 2026, and a subsequent corrigendum on June 12, 2026. The primary objective is to repay an inter-corporate deposit (ICD) that EIM borrowed from Golden Green Innovations Private Limited, one of its promoters.

EIM is a provider of integrated electric mobility solutions for long-haul freight transportation, focusing on heavy-duty electric trucks supported by battery-swapping and charging infrastructure. The entity was incorporated on March 19, 2024, and reported a turnover of Rs 5.22 million in FY2024-25. For FY-2025-26, the turnover surged to Rs 1,806.88 million.

The transaction is classified as a related party transaction under the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. While Mr. Narendra Murkumbi, promoter and Non-Executive Director of Ravindra Energy, serves as the Managing Director of EIM, no other promoter or director has an interest in the transaction. The deal was conducted at arm's length following shareholder approval via postal ballot on January 5, 2026.

Investment Details

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.