Ravindra Energy promoter renounces rights entitlements worth ₹4.61 crore
Narendra Madhusudan Murkumbi, a promoter and director of Ravindra Energy Limited, renounced 46,14,923 Rights Entitlements on June 18, 2026, reducing his stake to 0%. The transaction, valued at ₹46,14,923, was executed off-market and disclosed to the exchanges on June 19, 2026.

*this image is generated using AI for illustrative purposes only.
Narendra Madhusudan Murkumbi, a promoter and director of Ravindra Energy Limited , renounced 46,14,923 Rights Entitlements on June 18, 2026. The transaction, valued at ₹46,14,923, reduced the entity's shareholding to 0%. The company informed the stock exchanges about this change in holding on June 19, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.
The disclosure was submitted by Narendra Madhusudan Murkumbi. The renunciation was executed off-market, and the mode of transaction was identified as Rights Entitlements Renunciation. Prior to the disposal, the promoter held 46,14,923 Rights Entitlements, representing a 23.27% stake.
Transaction Details
The following table outlines the changes in the promoter's holdings:
| Particulars | Details |
|---|---|
| Name of Acquirer/Disposer | Narendra Madhusudan Murkumbi |
| Category | Promoter and Director |
| Type of Securities | Rights Entitlements |
| Securities Held Prior | 46,14,923 (23.27%) |
| Securities Renounced | 46,14,923 |
| Transaction Value | ₹46,14,923 |
| Transaction Type | Renunciation / Dispose off |
| Securities Held Post-Transaction | 0 (0%) |
| Date of Allotment/Disposal | June 18, 2026 |
| Date of Intimation | June 19, 2026 |
| Mode of Acquisition/Disposal | Rights Entitlements Renunciation |
The company confirmed that the information is available on its website. No trading in derivatives was reported by the promoter during the period under review.
Historical Stock Returns for Ravindra Energy
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +18.61% | +29.48% | +38.12% | +8.59% | +23.99% | +101.93% |
Who is likely to acquire the renounced rights entitlements, and how will this shift impact the company's shareholder structure?
What are the strategic reasons behind the promoter's decision to completely exit his rights entitlements?
How will the company utilize the funds raised from the rights issue, given the promoter's reduced stake?


































