Ravindra Energy Limited Revokes Pledge on 60,00,000 Equity Shares by Promoter

Ravindra Energy Limited has announced the revocation of pledge on 60,00,000 equity shares held by its promoter entity, marking a significant corporate development. The pledge release was executed on March 27, 2026, following the complete repayment of borrowing facilities by the promoter to JM Financial Products Limited.

Pledge Revocation Details

Khandepar Investments Private Limited (KIPL), a promoter of Ravindra Energy Limited, has successfully revoked the pledge created on 60,00,000 equity shares. The pledge release was facilitated by the complete repayment of the borrowing facility that KIPL had previously availed from JM Financial Products Limited as the lender.

Parameter: Details Pledged Shares: 60,00,000 (Sixty Lakhs Only) Transaction Date: March 27, 2026 Transaction Type: Revocation/Release of Pledge Promoter Entity: Khandepar Investments Private Limited Lender: JM Financial Products Limited Percentage Released: 3.36% of total share capital

Shareholding Position

Following the pledge revocation, KIPL's shareholding position in Ravindra Energy Limited remains unchanged at 6,18,70,666 equity shares, representing 34.64% of the total share capital. However, the encumbered shareholding has been reduced from 1,15,00,000 shares (6.44%) to 55,00,000 shares (3.08%).

Shareholding Details: Before Transaction After Transaction Total Shares Held: 6,18,70,666 6,18,70,666 Percentage Holding: 34.64% 34.64% Encumbered Shares: 1,15,00,000 55,00,000 Encumbered Percentage: 6.44% 3.08%

Regulatory Compliance

The disclosure was made in strict accordance with SEBI regulations, specifically under Regulation 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company has fulfilled its obligation of continual disclosure as mandated by the securities regulator.

Key compliance aspects include:

Timely disclosure to both BSE Limited (Scrip Code: 504341) and National Stock Exchange of India Limited (Scrip Code: RELTD)

Proper documentation through prescribed format under SEBI regulations

Digital signature authentication by authorized personnel

Adherence to regulatory timeline requirements

Corporate Communication

The disclosure was digitally signed by Narendra Madhusudan Murkumbi, Director (DIN: 00009164), on behalf of Khandepar Investments Private Limited. The document was executed in Mumbai on March 27, 2026, with proper digital authentication protocols.

This pledge revocation represents a positive development, indicating the promoter's financial strength and commitment to reducing leverage while maintaining their significant stake in the company. The transaction demonstrates improved financial position and reduced encumbrance on promoter holdings.

Ravindra Energy has officially announced that its Finance Committee has decided to put the proposed Qualified Institutional Placement (QIP) on hold, citing continued market volatility and prevailing economic conditions. The decision was made during the Finance Committee meeting held on March 25, 2026, prioritizing the best interests of the company and its shareholders.

Finance Committee's Strategic Decision

The Finance Committee reviewed current market conditions and the prevailing economic environment before making this decision. The committee determined that the continued market volatility makes it prudent to postpone the fund-raising initiative temporarily. This decision reflects a cautious approach towards capital raising in uncertain market conditions.

QIP Details and Timeline

Parameter: Details Committee Meeting Date: March 25, 2026 Original Proposal Date: August 29, 2025 Current Status: QIP put on hold Reason: Market volatility and economic conditions Future Plans: Will re-evaluate timing when opportune

The proposed QIP was initially planned to raise funds through the issuance of fully paid-up equity shares, non-convertible debt instruments along with warrants, and convertible securities other than warrants through Qualified Institutional Buyers (QIBs).

Market Monitoring Strategy

The company has committed to continuously monitoring market conditions and will re-evaluate the timing for the proposed fund-raising at a more opportune time. This approach allows Ravindra Energy to potentially secure better terms and pricing when market conditions stabilize and become more favorable for equity offerings.

Regulatory Compliance

The decision has been communicated to both BSE Limited and National Stock Exchange of India Limited in compliance with regulatory requirements. The information is also available on the company's official website at www.ravindraenergy.com for stakeholder reference and transparency.

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