The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 31, 2025 for Narendra Madhusudan ....
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Ravindra Energy's promoter group has reported two encumbrance events. Promoter Narendra Madhusudan Murkumbi created a fresh pledge of 70 lakh equity shares (3.92% of share capital) in favour of Canara Bank on December 27, 2024, as collateral security. Separately, promoter entity Khandepar Investments Private Limited saw the release of a pledge on 1 crore equity shares (5.60% of share capital) by RBL Bank on December 26, 2024, after the underlying loan was closed. Overall, the net pledged shares of the promoter group have reduced by 30 lakh shares (1.68% of capital), indicating deleveraging. The total promoter holding remains comfortably above 60%, with no change in ownership.
Net positive — a larger pledge was released (loan closure with RBL Bank) than was newly created, slightly reducing the promoter's encumbered shares. The new pledge with Canara Bank suggests fresh borrowing, but the overall deleveraging is a mildly reassuring signal for shareholders.