Ravindra Energy Limited has informed the Exchange regarding 'Disclosures under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015'.
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Mr. Shantanu Lath, Whole-Time Director and CEO of Ravindra Energy Limited, acquired 70,000 equity shares by exercising Employee Stock Options (ESOPs) granted under the Ravindra Energy Employee Stock Option Plan, 2022. The exercise price was Rs. 100 per share (face value Rs. 10 each). Prior to this acquisition, he held 50,000 shares (0.03% of shareholding). After the exercise, his holding increased to 1,20,000 shares (0.07%). The transaction was executed on May 2, 2026.
The CEO increasing his stake through ESOP exercise signals confidence in the company's prospects. However, the holding remains relatively small at 0.07%, which limits the impact on stock price.