Ravindra Energy Board meets May 23 to finalize Rights Issue terms

The Board of Directors of Ravindra Energy has scheduled a meeting for May 23, 2026, to determine specific terms for its proposed Rights Issue. The meeting will be held to consider and decide various matters in connection with the issue, including the determination of the record date, the issue period, and other related matters, subject to the receipt of in-principle approval from the stock exchanges.

Rights Issue Key Terms

This meeting follows the Board's previous approval on May 16, 2026, to issue equity shares on a rights basis for an amount aggregating not exceeding Rs. 2,050 million. The key terms approved by the Board include:

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

Eligible equity shareholders will be offered 1 rights equity share for every 9 fully paid-up equity shares held as on the record date.

Proposed Business Consolidation

In addition to the rights issue, the Board is evaluating a proposal for the consolidation of the business of Energy In Motion Limited with the company. The Board has constituted a Business Strategic Reorganization Committee to assess the feasibility, commercial rationale, and overall merits of the transaction. The committee will provide its recommendations to the Board, and the transaction will require further approvals.

Regulatory Compliance

The intimation for the May 23 meeting was made pursuant to Regulation 29 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The disclosures are available on the company's official website at www.ravindraenergy.com .

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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