Ravindra Energy Limited has informed the Exchange regarding 'Intimation under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations 2015'.
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Mr. Shantanu Lath, Whole-Time Director & CEO of Ravindra Energy Limited, has disclosed the acquisition of 50,000 equity shares through the exercise of stock options under the Ravindra Energy Employee Stock Option Plan, 2022. The shares have a face value of Rs. 10 each and were acquired at an exercise price of Rs. 100 per share, taking the total consideration to Rs. 50 lakh. Prior to this, he held no shares in the company, and his post-acquisition holding stands at 50,000 shares (0.03%). The shares were allotted on March 6, 2026, and the disclosure was filed with the stock exchanges on March 9, 2026.
The acquisition is purely an ESOP allotment and not a market purchase, so it has no direct impact on the share price. However, it signals insider participation in the company's stock option plan, though the size is negligible at 0.03%.