Ravindra Energy Limited has revised the total number of Rights Equity Shares and the issue size for its ongoing rights issue. The company issued a corrigendum to the Letter of Offer dated June 3, 2026, reflecting an increase in the issue size to ₹2,005.35 million. The issue opens on Tuesday, June 16, 2026, and closes on Wednesday, June 24, 2026, with the record date fixed as June 8, 2026.

The total number of Rights Equity Shares proposed to be issued has been revised upward to 19,854,940. The rights issue price remains fixed at ₹101 per Rights Equity Share, which includes a premium of ₹91 per share over the face value of ₹10. The entitlement ratio for eligible equity shareholders continues to be one Rights Equity Share for every nine fully paid-up equity shares held.

The net proceeds from the issue are estimated at ₹1,989.35 million after deducting issue-related expenses of ₹16.00 million. The Board of Directors, in its meeting held on May 16, 2026, had approved the issue of Rights Equity Shares aggregating up to ₹2,050 million, with the final figures now adjusted based on the basis of allotment.

Issue Schedule

Revised Issue Parameters

The company has received in-principle approval from the BSE and NSE for listing the Rights Equity Shares. The Rights Entitlements will be credited to the demat accounts of eligible shareholders and admitted for trading on the stock exchanges under ISIN INE206N20018. The newspaper advertisements regarding the issue were published on June 12, 2026.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE206N01018/9273e94d-51e3-4a69-8ae6-254c71c47e55.pdf

Khandepar Investments Private Limited, a promoter of Ravindra Energy Limited , released the pledge on 55,00,000 equity shares on June 3, 2026. This action was taken following the full repayment of a borrowing facility availed by the promoter. The release of encumbrance reduces the promoter's pledged stake, potentially altering the risk profile associated with its shareholding.

The disclosure was submitted to BSE Limited and the National Stock Exchange of India Limited under Regulation 7(2) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. The filing confirms that the pledge was revoked due to the repayment of the loan, making the reason for the encumbrance no longer applicable.

Prior to this release, Khandepar Investments Private Limited held a total of 5,77,08,844 shares, representing 32.29% of the total share capital. Of this, 55,00,000 shares, or 3.08% of the capital, were encumbered. Following the revocation and release of the pledge, the entity's encumbered holding stands at Nil, while its total shareholding remains unchanged at 5,77,08,844 shares.

The filing also details the shareholding status of other promoters and promoter group members as of the reporting date. Narendra Murkumbi holds 4,15,34,310 shares (23.24%), while Vidya Murkumbi holds 4,03,000 shares (0.23%). Other promoter group members, including Supriya Shailesh Rojekar, Apoorva Narendra Murkumbi, and Inika Narendra Murkumbi, hold varying stakes, though none of these holdings were subject to the reported encumbrance event.

The document was signed by Madhukar R Shipurkar, Company Secretary & Compliance Officer of Ravindra Energy Limited, in Belgaum on June 3, 2026. The total share capital figures used in the disclosure are based on the latest filing made by Ravindra Energy Limited to the stock exchanges under Clause 35 of the Listing Agreement.