Date: June 30, 2026
Rights Issue Completion
Ravindra Energy Limited has successfully completed its rights issue process. The company allotted 1,98,54,940 equity shares of face value ₹10 each at an issue price of ₹101 per share (including a premium of ₹91 per share). The total funds raised through this rights issue amount to ₹200.53 crore.
Regulatory Approvals Received
The company has received all necessary approvals for the rights issue:
- Listing Approval: Received from both BSE and NSE on June 29, 2026 for 1,98,54,940 equity shares
- Corporate Action Credit: Approved by depositories NSDL and CDSL on June 29, 2026 for 1,98,54,940 equity shares
- Trading Approval: Received from BSE and NSE on June 30, 2026 for 1,98,54,940 equity shares, effective from July 1, 2026
Background References
The rights issue was conducted pursuant to the letter of offer dated June 3, 2026 with a corrigendum dated June 12, 2026. The company had previously intimated about this fundraising through communications dated May 16, 2026 and May 27, 2026.
Additional Information
The complete information regarding the rights issue completion is available on the company's website at https://www.ravindraenergy.com.