Ravindra Energy Limited has informed the Exchange about Copy of Newspaper Publication in accordance with the provisions under Regulation 84 of the SEBI (Issue of Capital & Disclosure Requirements) Regulations, 2018
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Ravindra Energy Limited has informed the exchanges about the newspaper publication of its Rights Issue advertisement on June 12, 2026, as required under SEBI ICDR Regulations. The company is offering up to 19,832,834 fully paid-up equity shares at a price of ₹101 per share (including a ₹91 premium over the ₹10 face value), aggregating up to ₹200.31 crore. Eligible shareholders can subscribe in the ratio of 1 rights share for every 9 shares held as on the record date of June 8, 2026. The issue opens on June 16, 2026, with the last date for on-market renunciation on June 19, 2026, and closes on June 24, 2026. KFin Technologies is the registrar and applications must be made through the ASBA process only. The Letter of Offer was filed on June 3, 2026, and issue materials were dispatched on June 10, 2026.
Existing shareholders should decide by June 24, 2026 whether to subscribe, renounce, or let their rights entitlements lapse. Non-subscribing shareholders will face proportional dilution of their holding. The stock is likely to trade ex-rights around the record date, so shareholders holding on the record date get the entitlement automatically credited to their demat accounts.