Ravindra Energy Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on Jun 20, 2025. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
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Ravindra Energy Limited held an Extraordinary General Meeting on June 20, 2025, via video conferencing, where shareholders approved two key resolutions with overwhelming majority. The first, a Special Resolution, authorizes the company to give loans, guarantees, or security up to Rs 300 crore to its subsidiaries, group companies, associates, or joint ventures under Section 185 of the Companies Act, 2013, with 99.86% of polled votes in favour (56.94 lakh shares for vs. 8,169 against). The second, an Ordinary Resolution, approves material related party transactions with associate entity Energy In Motion Private Limited (EIM) up to Rs 300 crore, passed with 99.9995% in favour. The promoter group, being an interested party, abstained from voting on both resolutions. Chairperson Dr. Vidya Murkumbi shared business updates, noting 55 MWp of renewable energy projects commissioned, another 75-80 MW to be commissioned by September, and 80 MW of new tenders won, alongside imminent EV truck sales under the FOTON partnership via EIM.
These approvals give the company financial flexibility to fund growth across its renewable energy and EV businesses through its subsidiaries and associate EIM. The strong voting margins and promoter abstention (as required for related party items) suggest smooth shareholder approval, while the business update signals meaningful near-term capacity expansion in renewables and an upcoming launch in commercial EV vehicles.