Ravindra Energy Limited has successfully concluded its postal ballot process, with shareholders overwhelmingly approving three key resolutions including the appointment of Mr. Apurva Chandra as Independent Director. The company announced the voting results on January 7, 2026, following the scrutinizer's report dated January 6, 2026.

Comprehensive Voting Results

The postal ballot process, conducted through remote e-voting from December 7, 2025, to January 5, 2026, demonstrated strong shareholder participation across all three resolutions. The detailed voting breakdown shows exceptional support for corporate governance initiatives:

Independent Director Appointment Confirmed

Mr. Apurva Chandra's appointment as Additional Director in the capacity of Non-Executive Independent Director received exceptional shareholder support across all categories. The resolution details and approval metrics are:

Detailed Shareholder Participation Analysis

The voting pattern across different shareholder categories revealed strong institutional and retail investor confidence. Promoter and promoter group participation was 99.27% for the independent director appointment, while public institutions showed 36.72% participation and public non-institutions recorded 31.12% participation.

Additional Resolutions and Abstention Details

For the second and third resolutions regarding loan guarantees and related party transactions with Energy in Motion Limited, promoter and promoter group entities abstained from voting due to their interest in the matters. A total of 12,38,56,976 shares held by promoters and related entities remained abstained, ensuring compliance with regulatory requirements.

Process Administration and Compliance

The postal ballot process was meticulously administered by Sanjay R. Dholakia of Sanjay Dholakia & Associates, Company Secretaries, who served as the appointed scrutinizer. KFin Technologies Limited provided the remote e-voting platform, ensuring secure and transparent voting mechanisms.

This successful postal ballot process demonstrates strong shareholder confidence in Ravindra Energy's strategic direction and governance initiatives. The overwhelming approval of all three resolutions, particularly Mr. Chandra's appointment with his extensive administrative and policy experience, is expected to enhance the company's board expertise in areas relevant to the energy sector.

Ravindra Energy Limited (REL) has released its financial results for the second quarter, showcasing a mixed performance with notable improvements in profitability despite a decline in revenue.

Financial Highlights

Profit Surge Amidst Revenue Decline

Ravindra Energy reported a significant increase in its consolidated net profit for Q2, rising to ₹308.00 crore from ₹228.00 crore in the same quarter of the previous year, marking a 35.1% year-over-year growth. This impressive profit growth came despite a 26.4% decline in revenue, which fell to ₹1,200.00 crore from ₹1,630.00 crore in the corresponding period last year.

Improved Operational Efficiency

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw a substantial improvement, increasing to ₹372.00 crore from ₹279.00 crore in the previous year, representing a 33.3% growth. More notably, the EBITDA margin expanded significantly to 30.95% from 17.14% year-over-year, indicating enhanced operational efficiency and cost management.

Strategic Developments

In addition to the financial results, Ravindra Energy has made strategic moves to strengthen its board and expand its renewable energy portfolio:

1. Board Appointment: The company appointed Mr. Apurva Chandra as an Additional Director in the capacity of Non-Executive, Independent Director for a five-year term starting November 5, 2025, subject to shareholder approval.

2. Renewable Energy Focus: REL's board has approved the incorporation of wholly-owned subsidiaries as special purpose vehicles (SPVs) for setting up renewable energy projects, aligning with the company's strategic direction in the clean energy sector.

3. Fund Utilization: The company reported a modification in the allocation of funds raised through a preferential issue of equity shares. The investment in the Renewable Energy Business has been increased to ₹95.50 crore from the original ₹90.00 crore, while the allocation for the Electric Vehicle Business has been reduced to ₹54.50 crore from ₹60.00 crore.

These strategic moves, coupled with the improved financial performance, suggest that Ravindra Energy is positioning itself for growth in the renewable energy sector while maintaining a focus on profitability and operational efficiency.