Rudra Gas Enterprise Limited has expanded its business operations by incorporating a wholly-owned subsidiary, Rudra Bio Energy Private Limited, on June 20, 2026. The strategic move aims to diversify the company's portfolio into the bio fuel sector, enabling it to share resources and expertise to improve overall performance. The Certificate of Incorporation was received on June 23, 2026, from the Ministry of Corporate Affairs (MCA), Government of India.

The company has subscribed to 51% of the paid-up share capital of the new subsidiary, amounting to an investment of ₹51,000. This subscription comprises 5,100 equity shares with a face value of ₹10 each. The transaction does not fall under related party transactions, and the promoter group has no interest in the newly incorporated entity.

Rudra Bio Energy Private Limited is yet to commence business operations. The subsidiary's primary objective involves the manufacturing, processing, and commercialization of various bio fuels, including oxygen, acetylene, ammonia, hydrogen, and ethanol. The entity will also engage in the import, export, and trading of these products for industries, agriculture, and transport sectors.

Investment and Shareholding Details

The following table outlines the financial details of the incorporation:

The Board of Directors of Rudra Gas Enterprise Limited approved the incorporation to expand the business horizon and achieve common goals. The new subsidiary will operate independently while leveraging the parent company's resources. No specific governmental or regulatory approvals were required for this incorporation beyond standard MCA procedures.

Promoters of Rudra Gas Enterprise Limited have pledged additional equity shares to secure a loan, increasing the total encumbered holding to nearly 35% of the company's paid-up capital. Kush Sureshbhai Patel and Kashyap Sureshbhai Patel created a fresh pledge on 8,80,000 shares on June 5, 2026, to avail finance from Truepay Finance Private Limited. The funds raised through this encumbrance are earmarked for the acquisition of shares in another company operating in a similar vertical.

The disclosure was made to the stock exchanges on June 6, 2026, in compliance with Regulation 31(1) of the SEBI Takeover Regulations. The latest pledge involves 4,40,000 shares held by each promoter. Prior to this event, the promoters had already encumbered 20,33,898 shares with Shree Kamdhenu Financial Services Private Limited. With the addition of the new pledge, the total number of encumbered shares stands at 29,13,898.

Details of the new encumbrance

The recent transaction with Truepay Finance Private Limited, an NBFC, was established to secure a loan amount of ₹3 crore. The security cover provided by the pledged shares was valued at ₹6,77,68,800 on the date of the agreement, resulting in a security cover ratio of 2.23:1. The loan is intended for the benefit of the listed entity, specifically for acquiring shares in a similar business vertical.

Existing encumbrance status

Besides the new pledge, the promoters hold a significant encumbrance created earlier in the year. On March 19, 2026, the promoters pledged 20,33,898 shares to Shree Kamdhenu Financial Services Private Limited to secure a loan of ₹7 crore. This earlier agreement involved 10,16,949 shares from each promoter, representing 24.40% of the total share capital. The value of these shares at the time of the agreement was ₹13,01,69,472, offering a security cover ratio of 1.85:1.

The total promoter shareholding in Rudra Gas Enterprise Limited stands at 61,02,800 shares, accounting for 73.41% of the total equity. Consequently, the encumbered shares now constitute 47.75% of the total promoter holding. The company is listed on BSE SME Limited.