RattanIndia Power Limited (RPL) has undergone a significant change in its shareholding structure as Vistra ITCL (India) Limited, acting as Debenture Trustee and Security Trustee, released its entire stake in the company. This development marks a notable shift in the ownership landscape of the power company.

Key Details of the Transaction

Background and Implications

Vistra ITCL held these shares to secure debentures and term loan facilities availed by RattanIndia Power Limited. The release of these shares signifies a potential change in the company's debt structure or financial arrangements.

Company's Capital Structure

Note: Total Diluted Share Capital includes potential conversion of preference shares.

Regulatory Compliance

Vistra ITCL filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. While the primary compliance responsibility lies with the lender and debenture holder, Vistra took this precautionary measure to ensure transparency.

Market Impact

This substantial release of shares could potentially impact RPL's stock price and market dynamics. Investors and market analysts will likely be watching closely to see how this change in shareholding affects the company's future operations and financial strategies.

The transaction underscores the evolving nature of corporate finance and the role of trustees in managing large stakes in public companies. As RattanIndia Power moves forward with this altered shareholding structure, stakeholders will be keen to observe any subsequent changes in the company's governance or strategic direction.

RattanIndia Power Limited (RPL) has announced a significant addition to its leadership team. The company's Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, has appointed Mr. Ravi Kumar Pakalapati as an Additional Director and Whole Time Director for a five-year term, subject to shareholder approval.

New Leadership Appointment

Mr. Pakalapati brings over 23 years of experience in the power sector to his new role at RattanIndia Power. He is a Mechanical Engineer by qualification and currently serves as the Senior General Manager and Station Head at RPL's Amravati power plant.

Professional Experience

In his current role, Mr. Pakalapati oversees the operations and maintenance of a 5x270 MW thermal power plant. His extensive experience includes leadership positions at several prominent companies in the sector:

• Adani Power Maharashtra Limited
• ERA Infra Engineering Ltd
• ESSAR Construction
• Lucky Engineering Services

Notably, Mr. Pakalapati has successfully led the execution and commissioning of a 2x27 MWp solar power project at Katol, Maharashtra, demonstrating his expertise in both thermal and renewable energy domains.

Additional Information

RattanIndia Power has confirmed that Mr. Pakalapati:

• Is not related to any existing directors of the company
• Has been verified as not being debarred from holding directorial positions

This strategic appointment is expected to bring valuable expertise and leadership to RattanIndia Power as it continues to navigate the dynamic energy landscape and focus on operational excellence for future growth and performance.