Khandepar Investments Private Limited, a promoter of Ravindra Energy Limited , sold 22 lakh equity shares on June 1, 2026, for a total consideration of ₹26,16,15,809. The transaction was executed through a market sale on the National Stock Exchange (NSE), reducing the entity's shareholding in the company.

Following the disposal, Khandepar Investments Private Limited holds 5,77,08,844 equity shares, which represents 32.29% of the company's paid-up share capital. Prior to the sale, the promoter held 5,99,08,844 shares, accounting for 33.53% of the total shareholding.

The disclosure was submitted to the stock exchanges in compliance with Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The regulation mandates the immediate disclosure of changes in shareholding by promoters, members of the promoter group, or designated persons.

Transaction Details

The table below outlines the specific details of the share sale transaction:

The filing confirmed that no trading activity took place in the derivatives segment of the company's securities by the promoter during the relevant period.

The Board of Directors of Ravindra Energy has fixed June 8, 2026, as the record date to determine the eligibility of shareholders for its proposed Rights Issue. The meeting, originally scheduled for May 23, 2026, was convened on May 27, 2026, to finalize the specific terms of the issuance. The company received in-principle approval from BSE Limited and National Stock Exchange of India Limited for the proposed issue on May 27, 2026.

Rights Issue Key Terms

The Board approved the issuance of equity shares on a rights basis for an amount aggregating not exceeding Rs 2,050 million. The key terms approved by the Board include:

Eligible equity shareholders will be offered 1 rights equity share for every 9 fully paid-up equity shares held as on the record date. The company currently has 17,86,94,463 outstanding equity shares, which will increase to 19,85,27,297 equity shares assuming full subscription of 1,98,32,834 equity shares.

Proposed Business Consolidation

In addition to the rights issue, the Board is evaluating a proposal for the consolidation of the business of Energy In Motion Limited with the company. The Board has constituted a Business Strategic Reorganization Committee to assess the feasibility, commercial rationale, and overall merits of the transaction. The committee will provide its recommendations to the Board, and the transaction will require further approvals.