Shree Renuka Sugars Development Foundation Offloads 3.45 Lakh Shares of Ravindra Energy Limited
Shree Renuka Sugars Development Foundation, a connected person of Ravindra Energy Limited, sold 3,45,000 equity shares on the NSE between May 4, 2026 and May 6, 2026, for Rs. 4,76,14,847. The transaction reduced the foundation's holding from 41,45,000 shares (2.32%) to 38,00,000 shares (2.13%). The disclosure was made under Regulation 7(3) of SEBI (Prohibition of Insider Trading) Regulations, 2015, and intimated to the company on May 6, 2026. No derivative transactions were reported as part of this filing.

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Ravindra Energy Limited has received a disclosure under Regulation 7(3) of SEBI (Prohibition of Insider Trading) Regulations, 2015, from Shree Renuka Sugars Development Foundation, a connected person of the company. The disclosure, dated May 6, 2026, pertains to a sale of equity shares executed on the National Stock Exchange of India (NSE).
Share Sale by Connected Person
Shree Renuka Sugars Development Foundation sold 3,45,000 (Three Lakhs Forty Five Thousand) equity shares of Ravindra Energy on the open market between May 4, 2026 and May 6, 2026. The total value of the transaction amounted to Rs. 4,76,14,847 (Rupees Four Crore Seventy Six Lakhs Fourteen Thousand Eight Hundred Forty Seven Only), excluding taxes, brokerage, and any other charges.
The key details of the transaction are summarised below:
| Parameter: | Details |
|---|---|
| Seller: | Shree Renuka Sugars Development Foundation |
| Category: | Connected Person |
| Securities Type: | Equity Shares |
| Shares Sold: | 3,45,000 |
| Transaction Value: | Rs. 4,76,14,847 |
| Transaction Type: | Sale of shares on market |
| Exchange: | NSE |
| Transaction Period: | May 4, 2026 – May 6, 2026 |
| Date of Intimation to Company: | May 6, 2026 |
Change in Shareholding
As a result of this transaction, the foundation's equity stake in Ravindra Energy has decreased. The following table captures the change in shareholding:
| Metric: | Pre-Transaction | Post-Transaction |
|---|---|---|
| Number of Equity Shares: | 41,45,000 | 38,00,000 |
| Shareholding (%): | 2.32% | 2.13% |
Regulatory Disclosure
The disclosure was filed in compliance with Regulation 7(3) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, using Form C for continual disclosure. The filing was signed by Dr. Vidya Murkumbi, Trustee of Shree Renuka Sugars Development Foundation, from Belgaum. The submission to the stock exchanges was made by Madhukar R Shipurkar, Company Secretary & Compliance Officer of Ravindra Energy Limited. No derivative transactions were reported in connection with this disclosure.
Historical Stock Returns for Ravindra Energy
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.71% | -9.18% | +2.37% | -12.36% | +24.89% | +56.78% |
Could the continued divestment by Shree Renuka Sugars Development Foundation signal a broader strategic shift in its relationship with Ravindra Energy, potentially leading to a complete exit from the company?
How might this insider share sale impact retail investor sentiment and trading volumes for Ravindra Energy on the NSE in the near term?
Are there any regulatory thresholds or SEBI disclosure triggers that Shree Renuka Sugars Development Foundation would approach if it continues reducing its stake below the current 2.13%?


































