The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 27, 2026 for Khandepar Investments Pvt Ltd
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Khandepar Investments Pvt Ltd (KIPL), a promoter of Ravindra Energy Ltd, has released/revoked the pledge on 60,00,000 equity shares (3.36% of total share capital) that were pledged with JM Financial Products Ltd. The pledge was originally created as security for a loan taken by the company, and since the loan has now been fully repaid, the lender has released the encumbered shares. After this release, KIPL's encumbered holdings reduce from 1,15,00,000 shares (6.44%) to 55,00,000 shares (3.08%) of total share capital. KIPL continues to hold 6,18,70,666 shares (34.64%) in Ravindra Energy Ltd as a promoter.
This is a positive signal for shareholders — the promoter entity has cleared the pledged shares by repaying the underlying loan, which reduces encumbrance risk on promoter holdings. Lower pledged shares also mean reduced risk of forced selling or margin calls, which is generally viewed favorably by the market.