Ravindra Energy Limited has informed the Exchange that Board of Directors at its meeting held on May 16, 2026, has decided to issue equity shares on rights basis in the ratio of 1 : 9, i.e 1 Equity Shares for every 9 Equity Shares held. Issue Price is Rs. 101 per share.
RELTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ravindra Energy Limited's Board has approved a rights issue of equity shares with a ratio of 1 share for every 9 shares held by shareholders. The issue price is Rs. 101 per share (face value Rs. 10 each), aggregating to a maximum of Rs. 2,050 million. The record date for determining eligible shareholders has not yet been specified. Additionally, the Board has constituted a committee to evaluate a proposed consolidation of Energy In Motion Limited with the company, which remains subject to further approvals.
This rights issue will dilute existing shareholders' stakes by approximately 11% unless fully subscribed. The Rs. 101 issue price represents a significant premium to the face value of Rs. 10, indicating the company's confidence in its valuation. Shareholders who do not participate will see their ownership percentage reduced.