Ravindra Energy Jumps 3.15% as Board Approves ₹500 Crore Fundraising and Capital Expansion

Belgaum, Aug 29, 2025 – Ravindra Energy Limited (NSE: RELTD, BSE: 504341) shares increased 3.15% to ₹142 on Friday following the Board of Directors’ approval of a significant fundraising proposal of up to ₹500 crore and an increase in its authorised share capital.

Ravindra Energy Limited, incorporated in 1980 and having its registered office in Belgaum, Karnataka, is a company with activity in renewable and electrical equipment. Listed on NSE as well as BSE, the market capitalisation of the company is approximately ₹2,535 crore as of August 29, 2025.

Major Decisions from the Board Meeting

Fundraising Proposal

The Board approved raising ₹500 crore through a mix of equity shares, non-convertible debt securities with warrants, and convertible instruments, primarily through a Qualified Institutions Placement (QIP) or other permissible modes, subject to shareholder and regulatory approval.

Reclassification of Authorised Share Capital

The company reclassified its authorised share capital by writing off 1.85 crore preference shares(₹10 each) and converting them into equity shares.

• Before Reclassification: ₹218.50 crore, consisting of 20.00 crore equity shares and 1.85 crore preference shares.
• After Reclassification: ₹218.50 crore, consisting of 21.85 crore equity shares.

Increase in Authorised Capital

The Board of the company has sanctioned a hike in its authorised share capital after a reclassification of the equity and preference shares. After reclassification, 2.15 crore additional equity shares of ₹10 each have been added to reach the total authorised capital of ₹240 crore, consisting of 24 crore equity shares of ₹10 each.

Earlier, the company had an authorised capital of ₹218.50 crore, which included 20 crore equity shares (₹200 crore) and 1.85 crore preference shares (₹18.50 crore). After reclassification, the capital structure stood entirely in equity shares, amounting to 21.85 crore shares (₹218.50 crore). With the latest increase, the figure now stands at 24 crore equity shares (₹240 crore)

Extension of Preferential Issue Utilisation

The Board approved extending the timeline of utilization of unspent preferential issue funds by six months from October 15, 2025.

Associate’s Strategic MoU

The Board observed that Energy In Motion Pvt. Ltd. (EIM), an associate, plans to execute an MoU with the Government of Maharashtra for exploring the establishment of an electric truck and battery assembly unit with an R&D centre at Pune. The investment in a phased manner is estimated at ₹1,000 crore.

REF: https://nsearchives.nseindia.com/corporate/RAVINDRA_29082025132700_OUTCOME_of_BM_29-08-2025_RELTD_-.pdf

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