Intimation regarding receipt of Form C - SEBI (Prohibition of Insider Trading) Regulations, 2015 [Regulation 7 (3) read with Regulation 6(2) Continual Disclosure]
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Shree Renuka Sugars Development Foundation, a connected person of Ravindra Energy Limited, sold 3,45,000 equity shares on the NSE on May 6, 2026. The transaction value was approximately Rs. 4.76 crore at a price of around Rs. 138 per share. Following this sale, their holding reduced from 41,45,000 shares (2.32%) to 38,00,000 shares (2.13%), representing a reduction of 0.19 percentage points. The disclosure was submitted under Regulation 7(3) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.
A connected person sold a notable chunk of shares on market, reducing their stake by about 0.19%. While the absolute holding remains modest at 2.13%, market participants may monitor for further selling activity from this or related entities.