Promoters pledge additional shares as security for Tata Capital loan
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Two promoters pledged additional 8.57 lakh shares on Sept 29 2026 as security for a loan taken by Ravindra Energy from Tata Capital. Narendra Murkumbi pledged 1 lakh shares and KIPL pledged 7.57 lakh shares. Promoter total holding is 51.78 percent. After this pledge total encumbered shares stand at 28.96 percent of promoter holding and 15 percent of total share capital. Funds meant for project SPVs and general corporate use.
Promoter encumbrance rises to 28.96 percent of holding, below key regulatory limits. Pledge supports company borrowing for projects.