Ravindra Energy Limited has informed the Exchange that Board of Directors at its meeting held on May 27, 2026, has decided to issue equity shares on rights basis in the ratio of 1 : 9, i.e 1 Equity Share for every 9 Equity Shares held. Issue Price is Rs. 101 per share.
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Ravindra Energy Limited's Board has approved a rights issue of equity shares in the ratio of 1:9, meaning existing shareholders will get 1 new share for every 9 shares held. The issue price is Rs. 101 per share (face value Rs. 10), raising up to Rs. 2,050 million. The record date is June 8, 2026, with the issue window from June 16-24, 2026. The company has 17.87 crore existing equity shares, which will increase to 19.85 crore after full subscription. The company received in-principle approval from both BSE and NSE.
This rights issue will dilute existing shareholders by approximately 11% but provides capital to the company. The issue price of Rs. 101 represents a 910% premium over face value, though whether it trades at a discount to market price will determine shareholder impact. Shareholders who don't participate will see their ownership diluted.