Please find enclosed the outcome of Board meeting held on May 27, 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ravindra Energy Limited's Board has finalized the terms of the previously approved Rights Issue. The company will issue approximately 1.98 crore equity shares at Rs 101 per share (face value Rs 10), raising up to Rs 2,050 million (approx Rs 205 crore). The record date is June 8, 2026, with the issue opening on June 16, 2026 and closing on June 24, 2026. Post-issue, total outstanding shares will increase from 17.87 crore to 19.85 crore (assuming full subscription). In-principle approvals have been received from both BSE and NSE.
Existing shareholders face an 11.1% dilution if they do not participate in the rights issue. The rights entitlement gives shareholders an opportunity to maintain their stake at the discounted price of Rs 101.