Ravindra Energy Limited — Others, 13-12-2024: Disclosure under SEBI Takeover Regulations

Mr. Narendra Madhusudan Murkumbi's daughters, Ms. Inika and Ms. Malvika Murkumbi, plan to acquire 5,00,000 equity shares of Ravindra Energy Limited, representing 0.28% of the company's total capital. This acquisition, occurring as a gift on December 20, 2024, reflects a familial transfer within the context of immediate relatives. Upon completion, the shareholding of the acquirers will slightly increase, while Mr. Murkumbi's ownership will decrease from 4,20,34,310 shares to 4,15,34,310 shares. This intra-family transfer suggests stability in management control, which could foster a positive outlook among investors focusing on governance continuity.