Ravindra Energy has provided a corporate guarantee of up to ₹41 crore to its associate entity, Energy In Motion Limited (EIM). The move secures lease payment obligations for electric truck batteries supplied by Muon India Private Limited (MIPL).

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on August 26, 2026.

Transaction Details

Muon India Private Limited has agreed to provide electric truck batteries to EIM on an operating lease basis for a period of 78 months. The aggregate lease value is capped at ₹41 crore, excluding applicable GST.

Ravindra Energy extended the guarantee to secure EIM’s payment obligations under this facility. The transaction is considered to be at arm’s length, despite promoter overlap.

Key Terms

Promoter Interest and Governance

Energy In Motion Limited is an associate entity in which Ravindra Energy holds a 49.54% equity stake. Mr. Narendra Murkumbi, a promoter of Ravindra Energy, serves as a common director in both entities, classifying him as an interested director for this transaction.

The company stated that the guarantee is in the overall interest of Ravindra Energy as it facilitates business expansion for EIM. EIM operates as a separate legal entity with its own assets and financial resources.

Financial Position of Associate

As per the disclosure, EIM has a paid-up equity share capital of ₹109.62 crore and a net worth of ₹361.22 crore.

Ravindra Energy noted that since the corporate guarantee is a non-fund-based contingent liability, it has no immediate financial impact on the listed company’s balance sheet.

Promoters of Ravindra Energy Limited created a pledge on 21,70,800 equity shares in favor of Tata Capital Limited on August 20, 2026. The encumbrance serves as security for loans obtained by the company.

The disclosure was made under Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. Managing Director Narendra Madhusudan Murkumbi and Khandepar Investments Private Limited (KIPL) are the promoters involved in the transaction.

Pledge Details

Mr. Narendra Madhusudan Murkumbi pledged 3,00,000 equity shares. Khandepar Investments Private Limited pledged 18,70,800 equity shares valued at ₹31,18,81,068. Both entities hold these shares in Ravindra Energy Limited.

Post-Event Encumbrance Status

Following this event, Mr. Murkumbi’s total encumbered holding stands at 98,00,000 shares, representing 4.93% of the total share capital. KIPL’s total encumbered holding rises to 1,91,11,300 shares, or 9.62% of the total share capital.

KIPL holds a total of 6,05,35,860 equity shares, constituting 30.49% of the company's paid-up capital. The pledge creation does not alter the total number of securities held by the promoter group.

What the Numbers Show

The total promoter shareholding in Ravindra Energy Limited is 10,27,95,724 equity shares, constituting 51.78% of the paid-up share capital. As of the reporting date, 28.13% of the promoter shareholding is encumbered. This equates to 14.56% of the total paid-up share capital being under pledge. The disclosure confirms that encumbered shares do not exceed 50% of promoter holdings or 20% of total share capital.