Ravindra Energy Board Approves Rights Issue of Equity Shares Aggregating Up to Rs. 2,050 Million

The Board of Directors of Ravindra Energy , at its meeting held on May 16, 2026, approved the issuance and allotment of equity shares of face value Rs. 10/- each on a rights basis, for an amount aggregating not exceeding Rs. 2,050 million. The board meeting commenced at 11:00 A.M. and concluded at 12:10 PM. The disclosure was made pursuant to Regulations 30 and 33 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Rights Issue Key Terms

The following table summarises the key terms of the approved rights issue:

Parameter: Details Instrument: Equity shares of face value of Rs. 10/- each Type of Issuance: Rights Issue Issue Price: Rs. 101/- per Rights Equity Share Total Issue Size: Not exceeding Rs. 2,050 million Rights Entitlement Ratio: 1 Rights Equity Share for every 9 fully paid-up equity shares held on the record date

Eligible equity shareholders will be offered 1 rights equity share for every 9 fully paid-up equity shares held as on the record date, at an issue price of Rs. 101/- per share. The detailed disclosures in pursuance of applicable provisions under the SEBI Master Circular dated January 30, 2026 have been enclosed as Annexure A to the board outcome submission.

Proposed Business Consolidation with Energy In Motion Limited

In addition to the rights issue approval, the Board took note of a proposal for the consolidation of the business of Energy In Motion Limited with the Company. To evaluate this proposed transaction, the Board constituted a committee of directors and authorised the Business Strategic Reorganization Committee to assess the following:

Feasibility of the proposed consolidation

Commercial rationale of the transaction

Overall merits of consolidating the business of Energy In Motion Limited with Ravindra Energy

The committee is mandated to provide its recommendation to the Board. The proposed transaction will be subject to further approval of the Board and receipt of all requisite internal, statutory, and regulatory approvals, as applicable. Necessary announcements and disclosures in accordance with the Listing Regulations and other applicable laws will be made post consideration of the matter by the Board.

Regulatory Compliance and Disclosure

The announcement has been made available on the company's official website at www.ravindraenergy.com . The submission was signed by Mr. Madhukar Shipurkar, Company Secretary & Compliance Officer (Membership No: A64947), on May 16, 2026, from Mumbai. Ravindra Energy is registered at BC 105, Havelock Road, Camp, Belgaum – 590001, Karnataka, India.

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.

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