Intimation of receipt of form C under regulation 7(3) of SEBI (Prohibition of Insider Trading) Regulation 2015
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Ravindra Energy Limited disclosed that Shree Renuka Sugars Development Foundation, a connected person of the company, sold 3,45,000 equity shares on the NSE market on May 6, 2026 for Rs. 4,76,14,847 (approximately Rs. 4.76 crore). Prior to the transaction, the foundation held 41,45,000 shares (2.32%). After the sale, its holding reduced to 38,00,000 shares (2.13%). The transaction represents a decrease of approximately 0.19 percentage points in the shareholding of a connected entity.
A connected person (promoter group affiliate) has reduced their stake in Ravindra Energy by 3.45 lakh shares on the open market. While the percentage change is modest, insider selling by a connected party may signal a lack of confidence or portfolio rebalancing, which some investors could view negatively.