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of Insider Trading) Regulations, 2015, and the company's Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information, Ravindra Energy Limited has implemented a trading window closure.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.

Ravindra Energy Limited announced that its associate entity Energy in Motion Limited (EIM) has signed a memorandum of understanding with Drivn to deploy approximately 1,000 electric heavy-duty commercial trucks across India over the next two years. The regulatory filing dated April 20, 2026, under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, outlines this strategic business update in the electrical vehicle segment.

Partnership Framework

The collaboration between EIM, an original equipment manufacturer for heavy-duty electric trucks featuring battery-swapping technology, and Drivn, an EV leasing platform focused on heavy commercial fleets, establishes a comprehensive framework for large-scale electric fleet deployment. The partnership aims to combine vehicle supply, financing structures, deployment planning, lifecycle management, and energy support to improve access and reduce entry barriers for fleet operators.

Strategic Collaboration and Executive Commentary

Manav Bansal, CEO and Co-founder of Drivn, emphasized that scaling electric trucks in India depends on their performance as a commercial solution for fleet operators. He noted that the transition will be driven by clear economics, consistent performance, and dependable operations. Alpna Jain, Co-founder and Chief Business Officer of Drivn, added that for most fleet operators, the shift to electric is primarily a business decision, focusing on process simplicity, predictable costs, and ecosystem reliability.

Narendra M. Murkumbi, Managing Director & CEO of Energy in Motion Limited, stated that the MoU validates EIM's approach to solving the entire EV challenge in heavy commercial vehicles by enabling scale, selling vehicles without battery packs, and offering charging services with swappable batteries.

Business Model and Market Impact

Energy in Motion Limited, in which Ravindra Energy Limited holds 49.5% shareholding, focuses on selling bare electric tractors without battery packs to transporters while providing battery packs, charging or swapping infrastructure, and energy supply through long-term contracts. The entity commenced commercial operations on August 1, 2025.

The partnership builds on Drivn's recent US$ 80 million commitment from Nomura and its ongoing MoUs across the electric mobility ecosystem. Drivn's OEM-agnostic approach is designed for intercity transport operators, logistics providers, and asset-intensive industries transitioning to electric fleets at scale, supporting customers across sectors including intercity bus transportation, logistics, ecommerce, cement, and steel.