Ravindra Energy Limited 's co-promoter group entity, Khandepar Investments Private Limited, has created a pledge on 76.10 lakh equity shares, representing 3.92% of the company's total share capital. The transaction was valued at ₹111.01 crore and was executed on June 17, 2026. The disclosure was made to the stock exchanges on June 18, 2026, under Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

Khandepar Investments Private Limited, categorised as an Indian Promoter entity, executed the pledge creation on June 17, 2026, with the company receiving the intimation on June 18, 2026. Following the transaction, the promoter's total holding stands at 5,77,08,844 equity shares, representing a 32.29% stake in Ravindra Energy. No trading in derivatives was reported by the promoter entity during this period.

Transaction Details

The filing provides specific details regarding the securities involved and the nature of the transaction. The pledged shares are equity shares, and the mode of acquisition/disposal was specifically a pledge creation. The key parameters of the transaction are outlined below:

The disclosure was signed by Vidya Murkumbi, Director of Khandepar Investments Private Limited. Madhukar Rajendra Shipurkar, Company Secretary & Compliance Officer of Ravindra Energy Limited, submitted the intimation to BSE Limited and National Stock Exchange of India Limited.

Ravindra Energy associate company Energy In Motion (EIM) and Paradeep Parivahan Limited (PPL) have commenced the deployment of approximately 45 EIM Ashwa 4x2, 55-tonne electric heavy-duty tractor trailers for UltraTech Cement Limited. The fleet will be deployed for the transportation of clinker from UltraTech's integrated manufacturing unit in Rajasthan to its grinding units in the Delhi-NCR region. This deployment represents one of the largest electric heavy-duty truck deployments in the cement sector in Northern India and marks a significant milestone in India's transition towards zero-emission long-haul freight transportation.

Operational Details and Environmental Impact

The operational corridor spans three states—Rajasthan, Haryana, and Uttar Pradesh—with an average lead distance of approximately 250 kilometers. The project is expected to deliver significant environmental benefits, including a projected reduction of over 8,900 tons of CO2 emissions annually. This initiative displaces an equivalent of about 2.9 million liters of diesel per year, contributing to cleaner logistics operations and national carbon reduction objectives.

Strategic Collaboration and Model

The deployment highlights the impact of collaboration between industry leaders, logistics service providers, and technology innovators. EIM operates under the Maitryi model, offering battery packs and charging or swapping services as a package. This allows logistics service partners to focus on fleet management and customer service while reducing upfront costs by about 40% per vehicle. The model includes building common heavy-duty charging and battery-swapping infrastructure on key routes.

Leadership Commentary

Narendra Murkumbi, co-founder and Managing Director of Energy In Motion Ltd., stated that the NCR region is a focus area due to the national priority of reducing pollution around the capital city. He noted that the business model democratizes heavy electric transport by reducing upfront costs and building necessary infrastructure. Dr. Khalid Khan, CMD & CEO of Paradeep Parivahan Limited, emphasized that this project proves large-scale freight decarbonization is happening today and will serve as a benchmark for the industry.

Project Metrics