Ravindra Energy Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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Ravindra Energy has filed its Q1 FY26 deviation report under SEBI Reg. 32 for the Rs. 180 Crore preferential issue of equity shares made to the public category on October 16, 2024. Out of the total Rs. 180 Crs raised, Rs. 169.98 Crs has already been utilised across three objects. Renewable Energy Business received an increased allocation of Rs. 93.48 Crs (up from original Rs. 90 Crs) and is fully deployed, while the EV Business allocation was trimmed to Rs. 56.52 Crs (from Rs. 60 Crs) with Rs. 46.52 Crs utilised so far. General Corporate Purpose remains at Rs. 30 Crs with Rs. 29.98 Crs spent. The minor reshuffle between Renewable Energy and EV buckets is within the 10% flexibility band already approved by shareholders on October 5, 2024, and India Ratings and Research is the appointed monitoring agency.
This is a routine compliance disclosure with no material red flag — the fund reshuffle is within pre-approved limits and deployment is largely on track. For shareholders, the slight tilt toward Renewable Energy over EV is a minor strategic signal but does not materially change the investment thesis on its own.