Ravindra Energy Limited — Important, 03-06-2026: Updates

Ravindra Energy announced a Rights Issue of 19.83 million shares at ₹101/share, raising ₹200.31 Cr. Proceeds will fund its e-mobility associate EIM (₹150 Cr for debt repayment) and general corporate needs (₹48.71 Cr). EIM is expanding e-HCV deliveries, battery swap stations, and solar capacity, aiming for an integrated clean energy ecosystem.