Ravindra Energy Limited , a company listed on both the BSE and NSE, has announced the appointment of Mr. Apurva Chandra as an Additional Director in the capacity of Non-Executive Independent Director. This strategic move, approved by the company's Board of Directors, aims to bring valuable public administration and policy formulation experience to the energy firm.

Appointment Details

The appointment of Mr. Chandra, effective from November 5, 2025, is for a term of five consecutive years, subject to shareholder approval. Here are the key details of the appointment:

Professional Background

Mr. Chandra brings a wealth of experience to Ravindra Energy Limited:

• Senior Indian Administrative Service (IAS) officer of the 1988 Maharashtra cadre
• Over 36 years of experience in public administration, policy formulation, and industrial development
• Served as Secretary in key ministries including Health & Family Welfare, Information & Broadcasting, and Labour & Employment
• Held the position of Director General (Acquisition) in the Ministry of Defence
• Worked as Principal Secretary (Industries) in the Government of Maharashtra
• Served as Joint Secretary in the Ministry of Petroleum & Natural Gas

Board Experience

Mr. Chandra's appointment is expected to bring valuable insights from his extensive board experience with various government entities, including:

• GAIL (India) Limited
• Petronet LNG
• Mahanagar Gas Limited
• MOIL Limited
• Maharashtra Industrial Development Corporation (MIDC)
• SICOM Limited
• Maharashtra Airport Development Corporation
• Maharashtra Maritime Board

Educational Qualifications

Mr. Chandra's educational background combines engineering expertise with financial knowledge:

• Master's in Structural Engineering from IIT Delhi
• Bachelor's in Civil Engineering from IIT Delhi
• Diploma in Business Finance from Institute of Chartered Financial Analysts of India
• Accountancy Certificate from London School of Economics

Compliance and Disclosure

Ravindra Energy Limited has confirmed that Mr. Chandra is not related to any other director or key managerial personnel of the company. Furthermore, as per the company's declaration, Mr. Chandra is not debarred from holding the office of director by virtue of any SEBI order or any other such authority.

This appointment aligns with Ravindra Energy's commitment to strengthening its board with diverse and experienced professionals. Mr. Chandra's extensive background in public administration and policy-making is expected to contribute significantly to the company's strategic decisions and governance practices.

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.