Date: August 21, 2026

KMP / Board / Auditor Changes

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Dividend Declaration or Non-Declaration

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Board Meeting Outcomes

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Financial Results (Standalone & Consolidated)

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Auditor’s Report

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Disinvestment / Strategic Actions

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Other Operational / Legal / Strategic Disclosures

Pledge Creation Disclosure

Disclosure is made pursuant to Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Details of New Pledge Creation (August 20, 2026):

  • Promoter: Mr. Narendra Madhusudan Murkumbi
  • Number of shares pledged: 3,00,000
  • % of total share capital: 0.15%
  • Type of encumbrance: Pledge
  • Beneficiary: TATA Capital Limited (Lender)
  • Reason: Equity shares are pledged by promoter as a security in connection with a loan obtained by Ravindra Energy Limited.
  • Promoter: Khandepar Investments Private Limited (KIPL)
  • Number of shares pledged: 18,70,800
  • % of total share capital: 0.94%
  • Type of encumbrance: Pledge
  • Beneficiary: TATA Capital Limited (Lender)
  • Reason: Equity shares are pledged by promoter as a security in connection with a loan obtained by Ravindra Energy Limited.

Total Promoter Shareholding Context:

  • Total Promoter shareholding in Ravindra Energy Limited: 10,27,95,724 equity shares (51.78% of total paid-up capital).
  • Total shares encumbered by promoters after this event: 2,89,11,300 equity shares.
  • Encumbered shares as a % of Promoter Shareholding: 28.13%.
  • Encumbered shares as a % of Total Paid-Up Share Capital (19,85,49,403 shares): 14.56%.

Historical Pledge Context (Annexure-I):

The disclosure provides a detailed history of existing pledges by the promoters:

Mr. Narendra Madhusudan Murkumbi's Existing Pledges (Prior to Aug 20, 2026):

1. Date: December 27, 2024 | Shares: 70,00,000 (3.92%) | Beneficiary: Catalyst Trusteeship Limited (Trustee for Canara Bank)

2. Date: March 11, 2025 | Shares: 20,00,000 (1.12%) | Beneficiary: Catalyst Trusteeship Limited (Trustee for Canara Bank)

3. Date: August 5, 2026 | Shares: 5,00,000 (0.25%) | Beneficiary: TATA Capital Limited

Khandepar Investments Private Limited's (KIPL) Existing Pledges (Prior to Aug 20, 2026):

1. Date: June 9, 2026 | Shares: 70,00,000 (3.92%) | Beneficiary: Catalyst Trusteeship Limited (Trustee for M7 Global Fund PCC-Aerion; Shreekant Varun Phumbhra (HUF); and Merlin Holdings Private Limited)

2. Date: June 17, 2026 | Shares: 76,10,000 (4.26%) | Beneficiary: JM Financial Products Limited (Lender)

3. Date: August 5, 2026 | Shares: 26,30,500 (1.32%) | Beneficiary: TATA Capital Limited

Details of Loan and Security (From Annexure):

For the new pledge with TATA Capital Limited (August 20, 2026):

  • Entity in whose favor shares are encumbered: TATA Capital Limited, a Non-Banking Financial Company (NBFC).
  • Market Value of Shares on pledge date: Rs. 5,00,13,000 (for Mr. Murkumbi's 3,00,000 shares) and Rs. 31,18,81,068 (for KIPL's 18,70,800 shares).
  • Amount Involved (Loan Disbursement): Rs. 21,39,00,000 (out of an aggregate loan of Rs. 100,00,00,000).
  • Security Cover Ratio (A/B): 0.23:1 (for Mr. Murkumbi's pledge) and 1.46:1 (for KIPL's pledge).
  • End Use of Money: The borrowed loan amount is to be utilized by Ravindra Energy Limited for:

a. Infusion as unsecured loans in identified Project SPVs pending financial closure. (Project SPVs to be identified at the time of respective tranche of disbursement.)

b. General corporate purposes as permitted by RBI.