The Exchange has received the revised Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 ....
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Promoter Khandepar Investments Private Limited released a pledge on 1,00,00,000 equity shares (5.60% of total share capital) with RBL Bank on December 26, 2024, after closure of a loan. Separately, promoter Mr. Narendra Madhusudan Murkumbi created a fresh pledge on 70,00,000 equity shares (3.92% of share capital) with Canara Bank on December 27, 2024 as collateral security. On a net basis, promoter-encumbered shares declined from 5.60% to 3.92% of the company's total share capital. Mr. Narendra holds 23.26% and Khandepar Investments holds 34.65% in the company, with the promoter group collectively controlling around 64.77% of Ravindra Energy.
The release of 5.60% pledged shares after loan closure is a mildly positive signal, suggesting reduced financial burden on the promoter entity. The new pledge of 3.92% with Canara Bank is modest in size and unlikely to concern investors, as overall encumbered promoter holdings have come down.