Ravindra Energy Limited disclosed that Khandepar Investments Private Limited, a promoter entity, created a pledge on 7,57,000 equity shares valued at ₹11.21 crore. The transaction took place on September 29, 2026.

The disclosure was made under Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The pledge was executed off-market and does not involve any change in the total number of shares held by the promoter entity.

Pledge details

Khandepar Investments Private Limited holds 30.49% of the company's equity shares. The pledged shares represent a fraction of this holding, with the total value excluding taxes and brokerage charges.

Additional promoter pledge

Narendra Murkumbi, Managing Director and another promoter, also created a pledge on 1,00,000 equity shares valued at ₹1.48 crore on the same date. His total holding remains unchanged at 20.92% post-transaction.

Both entities confirmed that no derivatives trading occurred in connection with these disclosures. The information is available on the company's website for public record.

Ravindra Energy Limited shareholders approved all nine resolutions proposed at the company's 46th Annual General Meeting held on September 28, 2026. The meeting, conducted via video conferencing, saw overwhelming support for key corporate actions, including the re-appointment of Shantanu Lath as Chief Executive Officer and the introduction of a new Employee Stock Option Scheme.

The scrutiny report submitted on September 29, 2026, confirmed that every resolution was passed by a requisite majority. The voting process included remote e-voting from September 23 to September 27, 2026, and electronic voting during the meeting itself. Shareholders holding equity shares as of the cut-off date of September 21, 2026, were eligible to vote. A total of 82,264 shareholders were on record, with 72 attending the meeting via video conferencing.

Key Resolutions Passed

The shareholders ratified several significant proposals, most notably the re-appointment of Shantanu Lath as Whole-Time Director and CEO for a further term of 3 years, effective August 11, 2026. This decision aligns with the Board's initial approval on August 14, 2026. Lath, who has been associated with the group since 2012 and assumed the CEO role in 2019, received votes in favor representing 99.95% of the valid votes cast for that specific resolution.

Another major approval was the Ravindra Energy Employee Stock Option Scheme 2026 (REL ESOP Scheme 2026). This special resolution passed with 99.95% of votes in favor. A related resolution also approved granting options to employees of group companies, subsidiaries, or associates under this scheme.

Voting Results Summary

The following table summarizes the voting outcomes for the key resolutions disclosed in the scrutinizer's report:

Note: Percentages are based on total valid votes cast.

Corporate Governance and Administrative Changes

Beyond executive appointments, shareholders approved the shift of the company's registered office from Karnataka to Maharashtra. This administrative change required a special resolution and consequential alteration to the Memorandum of Association. The current registered office is located in Belgaum, Karnataka.

Additionally, the remuneration limits for Dr. Vidya Murkumbi, Whole-Time Director and Chairperson, were revised. Her re-appointment as a director in place of the retiring director was also approved. Dr. Murkumbi is not related to any other Directors or Key Managerial Personnel, as disclosed in the regulatory filings.

Disclosure Details

The scrutinizer, M/s Sanjay Dholakia & Associates, certified the fairness and transparency of the e-voting process conducted through KFin Technologies Limited. The combined results were unblocked on September 28, 2026, at 12:50 pm. The detailed voting data indicates minimal dissent across all items, with opposition rarely exceeding 0.08% of valid votes. Notably, for resolutions involving promoter interest (Resolutions 2 and 7), promoter group votes polled were approximately 53.5% of their holding, compared to near-total participation in other items.