Ravindra Energy Limited announced the completion of its Board of Directors meeting held on April 29, 2026, where the company approved audited standalone and consolidated financial results for Q4FY26 and the year ended March 31, 2026. The meeting, which commenced at 3:00 PM and concluded at 4:05 PM, also saw key appointments in auditing roles.

Board Meeting Outcomes

The Board of Directors, based on recommendations from the Audit Committee, approved several critical decisions during the meeting:

Auditor Appointments and Profiles

The company appointed M/s. P. G. Bhagwat LLP as Internal Auditors, a mid-sized Chartered Accountancy firm founded in 1938 with 85 years of experience. The firm operates as a Limited Liability Partnership with five service verticals, 16 specialized partners, and a team of over 350 professionals.

For cost auditing, M/s. A. G. Anikhindi & Co. Cost Accountants was appointed for FY2026-27. This professional services firm, established in 1985, specializes in statutory cost audits, cost accounting records compliance, and management consulting services. CMA (Dr.) A.G. Anikhindi brings over 40 years of professional experience in costing, auditing, and taxation.

Regulatory Compliance and Documentation

The company submitted comprehensive documentation to stock exchanges, including audited financial results with statutory auditors' reports dated April 29, 2026, and an unmodified opinion declaration from Executive Chairperson Dr. Vidya Murkumbi. The statutory audit was conducted by M/s. P. Ishwara Bhat & Co. Chartered Accountants, who issued unmodified audit opinions for both standalone and consolidated financial statements.

Fund Utilization and Monitoring

As part of the submission, the company included the Monitoring Agency's Report issued by India Ratings and Research Private Limited, along with the Statement of Deviation or Variation in utilization of funds raised through Preferential Issue under Regulation 32 of the Listing Regulations. The monitoring report confirmed no deviation from the stated objects of the preferential issue.

ESOP Implementation

The company continued its Employee Stock Option Scheme implementation, with 25% of stocks vested after completion of one year. During the period, 70,000 shares were exercised under the REL ESOP Scheme 2022, with shares issued accordingly. The scheme was originally approved by the Nomination & Remuneration Committee in January 2025, granting 10,67,301 employee stock options to eligible employees.

Ravindra Energy Limited has announced a board meeting scheduled for April 29, 2026, to approve its financial results for the fiscal year ended March 31, 2026. The company informed both BSE and NSE about this development through an official communication dated April 22, 2026.

Board Meeting Details

The meeting has been scheduled in compliance with Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board will consider and approve both standalone and consolidated financial results and financial statements for the year ended March 31, 2026.

Trading Window Closure

In accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information, Ravindra Energy Limited has implemented a trading window closure. The trading window for dealing in company securities has been closed for designated persons and their immediate relatives.

Corporate Communication

The intimation was signed by Madhukar Shipurkar, Company Secretary and Compliance Officer, who holds ICSI Membership No. A64947. The communication was digitally signed on April 22, 2026, and sent to both major stock exchanges where the company is listed.

This announcement follows standard corporate governance practices, ensuring transparency and compliance with regulatory requirements for listed companies in India.