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.

Rudra Gas Enterprise Limited reported a 28.5% year-on-year increase in net profit to ₹861.84 lakh for the fiscal year ended March 31, 2026, driven by higher revenue from operations. The company's board approved the audited standalone and consolidated financial results for FY26 at a meeting held on May 30, 2026. Revenue from operations for the year rose 20.9% to ₹12,092.83 lakh from ₹10,003.00 lakh in the previous year, while total income increased to ₹12,141.67 lakh.

The board meeting, convened at the registered office in Ahmedabad, also approved the statement of assets and liabilities and cash flow statements. The statutory auditors, M/s. Desai and Desai, issued an unmodified opinion on the financial results. The trading window, which was closed from April 1, 2026, will reopen on June 3, 2026.

Financial Performance

For the year ended March 31, 2026, the company reported a profit before tax of ₹1,162.52 lakh, compared to ₹900.96 lakh in the prior year. Total expenses for the period increased to ₹10,979.15 lakh from ₹9,140.32 lakh. Earnings per share (EPS) for the year improved to ₹10.34 from ₹8.04 in the previous year.

Consolidated Results

On a consolidated basis, net profit for the year stood at ₹857.29 lakh, up from ₹623.69 lakh in FY25. Revenue from operations for the group increased to ₹12,415.27 lakh from ₹10,003.00 lakh in the previous year. The consolidated results include the performance of Rudra Gas Greenstat Hydrogen Private Limited (Joint Venture) and Rudra Global Green Energy Private Limited (Subsidiary). The auditors confirmed that the consolidated results present a true and fair view of the group's financial position.