Ravindra Energy promoter pledge disclosures published on BSE on October 5, 2026, detailed the creation of additional pledges over 8,57,000 equity shares on September 29, 2026. Promoters Narendra Madhusudan Murkumbi and Khandepar Investments Private Limited provided the shares as additional collateral to Tata Capital Limited for a loan obtained by Ravindra Energy Limited.

The disclosure, dated October 1, identifies Tata Capital as the lender and links the pledges to borrowing facility terms agreed with the company. The pledged equity shares have a face value of Rs 10 each. The reported event concerns creation of pledges, rather than their invocation or release.

Additional pledges and outstanding encumbrance

The latest transaction comprises two promoter pledges:

  • Narendra Madhusudan Murkumbi pledged 1,00,000 additional shares, representing 0.05% of total share capital. His encumbered holding increased from 98,00,000 to 99,00,000 shares.
  • Khandepar Investments Private Limited pledged 7,57,000 additional shares, representing 0.38% of total share capital. Its encumbered holding increased from 1,91,11,300 to 1,98,68,300 shares.

Following these transactions, total encumbered shares stood at 2,97,68,300. The annexure reports this as 28.96% of promoter shareholding and 15.00% of total paid-up share capital.

For that calculation, the filing uses promoter holdings of 10,27,95,724 shares, or 51.78% of the company. It expressly excludes promoter-group immediate relatives who are not promoters. The annexure states that encumbrance is below both 50% of promoter shareholding and 20% of total share capital.

Loan facility and stated use of funds

The Tata Capital borrowing disclosure lists an aggregate loan amount of Rs 100 crore. For the September 29 pledge entries, it records a Rs 15 crore disbursement out of the aggregate facility.

The filing values Murkumbi’s newly pledged shares at Rs 1,48,10,000 and Khandepar Investments’ newly pledged shares at Rs 11,21,11,700 on the date of pledge creation.

Ravindra Energy may use the borrowed funds to provide unsecured loans to identified project special purpose vehicles pending financial closure, with those entities identified at the respective disbursement tranche. The stated purposes also include general corporate purposes as permitted by the RBI.

The disclosure was addressed to BSE and NSE under Regulation 31(1) of the SEBI takeover regulations. Ravindra Energy trades under BSE code 504341 and NSE symbol RELTD.