Ravindra Energy promoters renounce rights entitlements worth ₹3.74 crore

1 min read     Updated on 24 Jun 2026, 12:05 AM
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Promoter group members of Ravindra Energy Limited, including Khandepar Investments Private Limited and Mr. Abhay Wadhwa, have renounced Rights Entitlements worth a total of ₹3.74 crore. The transactions, executed on June 18 and June 19, 2026, were disclosed to the exchanges in compliance with SEBI regulations.

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Promoter group members of Ravindra Energy Limited have renounced Rights Entitlements worth a total of ₹3.74 crore, reducing their collective holding in the company. Khandepar Investments Private Limited renounced 35,85,077 entitlements valued at ₹35,85,077, while Mr. Abhay Wadhwa renounced 27,777 entitlements valued at ₹15,38,741.95. The transactions were executed on June 18, 2026, and June 19, 2026, respectively, and were intimated to the stock exchanges on June 19, 2026, and June 23, 2026. These renunciations decrease the promoters' exposure to the company's rights issue.

The disclosures were made in compliance with Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. Khandepar Investments Private Limited, classified as an Indian Promoter entity, executed the renunciation through an off-market mechanism. Mr. Abhay Wadhwa, a member of the Promoter Group, also renounced his entitlements on the BSE. The value of these transactions excludes taxes, brokerage, and other charges.

Details of Transactions

The following table outlines the changes in the holdings of the promoter group members following the renunciations:

Particulars Khandepar Investments Pvt Ltd Mr. Abhay Wadhwa
Category Promoter – Indian Promoter entity Promoter Group
Security Type Rights Entitlements Rights Entitlements
Pre-transaction Holding 64,12,093 (32.33%) 27,777 (0.14%)
Renounced Quantity 35,85,077 27,777
Transaction Value ₹35,85,077 ₹15,38,741.95
Post-transaction Holding 28,27,016 (14.25%) 0 (0%)
Date of Transaction June 18, 2026 June 19, 2026
Date of Intimation June 19, 2026 June 23, 2026
Mode of Transaction Off-Market Renunciation Rights Entitlements Renunciation

The company confirmed that no trading in derivatives was undertaken by the promoter entities during this period. The information is available on Ravindra Energy Limited's website.

Historical Stock Returns for Ravindra Energy

1 Day5 Days1 Month6 Months1 Year5 Years
+1.30%+10.72%+27.71%-1.98%+19.62%+90.99%

How will the significant reduction in promoter holding impact investor confidence and the stock's liquidity?

Who are the likely beneficiaries of these renounced rights entitlements, and will it lead to a change in the company's shareholding pattern?

Does this renunciation signal a lack of confidence in the company's future growth prospects or the specific rights issue?

Ravindra Energy promoter renounces rights entitlements worth ₹4.61 crore

1 min read     Updated on 20 Jun 2026, 04:12 PM
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Ravindra Energy Limited disclosed that promoter and director Narendra Madhusudan Murkumbi renounced 46,14,923 Rights Entitlements on June 18, 2026, valued at ₹46,14,923. This off-market transaction reduced his holding to 0% from 23.27%. The company informed the exchanges on June 19, 2026, under SEBI PIT Regulations.

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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
+1.30%+10.72%+27.71%-1.98%+19.62%+90.99%

Who is likely to acquire the renounced Rights Entitlements, and how will this shift the company's shareholder structure?

What are the strategic reasons behind the promoter's decision to completely exit his stake in Ravindra Energy Limited?

How will the company utilize the funds raised from the rights issue following the promoter's renunciation?

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