Ravindra Energy promoter renounces rights entitlements worth ₹4.61 crore

1 min read     Updated on 19 Jun 2026, 10:30 PM
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AI Summary

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.

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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 Day5 Days1 Month6 Months1 Year5 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?

Ravindra Energy Co-Promoter Pledges 76.10 Lakh Shares Worth ₹111.01 Crore

1 min read     Updated on 19 Jun 2026, 10:39 AM
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Ravindra Energy's co-promoter, Khandepar Investments Private Limited, pledged 76.10 lakh equity shares representing 3.92% of total share capital, valued at ₹111.01 crore, on June 17, 2026. The transaction was disclosed to exchanges on June 18, 2026, under SEBI insider trading regulations, with the promoter retaining a 32.29% stake post-pledge.

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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:

Parameter: Details
Promoter Name: Khandepar Investments Private Limited
Category: Promoter – Indian Promoter entity
Securities Pledged: Equity Shares
Number of Shares: 76,10,000
Shares as % of Total: 3.92%
Value of Transaction: ₹111.01 crore
Total Holding Post-Pledge: 5,77,08,844 (32.29%)
Date of Pledge: June 17, 2026
Date of Intimation: June 18, 2026
Mode of Transaction: Pledge creation

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.

Historical Stock Returns for Ravindra Energy

1 Day5 Days1 Month6 Months1 Year5 Years
+18.61%+29.48%+38.12%+8.59%+23.99%+101.93%

What specific purpose will the funds raised from this ₹111.01 crore pledge be utilized for?

How might this increased pledge ratio impact the promoter's ability to maintain their current 32.29% stake if market volatility rises?

Could this pledge creation signal upcoming capital expenditures or strategic acquisitions by Ravindra Energy?

More News on Ravindra Energy

1 Year Returns:+23.99%