Ravindra Energy Limited has made a regulatory disclosure to the National Stock Exchange of India Limited and BSE Limited regarding changes in promoter shareholding encumbrance.
The disclosure concerns Khandepar Investments Private Limited (KIPL), a Promoter of the Company, which has revoked/released the pledge created earlier on 55,00,000 (Fifty-Five Lakhs) equity shares of the Company. The revocation occurred due to the repayment of the borrowing facility availed by KIPL.
The disclosure was made in accordance with Regulation 7(2) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, pertaining to continual disclosure requirements for changes in holding of securities by promoters.
The company's ISIN is INE206N01018. The disclosure was signed by Madhukar Rajendra Shipurkar, Company Secretary & Compliance Officer (Membership No: A64947) on behalf of Ravindra Energy Limited, and by Mr. Narendra Madhusudan Murkumbi (DIN: 00009164), Managing Director of Khandepar Investments Private Limited.
The information is available on the Company's website at https://www.ravindraenergy.com.
Financial Impact
The disclosure indicates a reduction in encumbered shares but does not quantify any specific financial impact on the company. The transaction represents the release of 55 lakh equity shares from pledge status due to loan repayment by the promoter entity.