SEBI SAST Regulation 29(2) Filing

Ravindra Energy Promoter Khandepar Investments Sells 22 Lakh Shares; Stake Falls Below 30%

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Khandepar Investments Private Limited (KIPL), a promoter entity of Ravindra Energy Limited, has disclosed the sale of 22,00,000 equity shares on June 1, 2026 under Regulation 29(2) of the SEBI Takeover Regulations. Following the transaction, promoter holding reduced from 33.53% to 32.29% on a voting capital basis.

PRICE-SENSITIVE TRIGGER

Event: Promoter Share Sale Disclosure

Type: SEBI SAST Regulation 29(2) Filing

Impact: Neutral

Immediate Effect: Promoter shareholding in Ravindra Energy Limited declined, while promoter group continues to retain a significant stake in the company.

Key Metrics:

Shares sold on June 1, 2026: 22,00,000 equity shares
Total shares sold disclosed: 41,61,822 equity shares
Pre-sale promoter holding: 5,99,08,844 shares
Pre-sale stake: 33.53%
Post-sale promoter holding: 5,77,08,844 shares
Post-sale stake: 32.29%
Shares under encumbrance: 55,00,000 shares (unchanged)
Sale mode: Market Sale

Highlight:

Promoter stake reduced from 33.53% to 32.29% following sale of 41.62 lakh shares, including 22 lakh shares sold on June 1, 2026.

What Happened ?

Khandepar Investments Private Limited, a promoter of Ravindra Energy Limited, informed stock exchanges that it sold 22,00,000 equity shares of the company on June 1, 2026. The filing also disclosed that a total of 41,61,822 shares had been sold, including 19,61,822 shares sold between March 27 and March 31, 2026. The transaction was executed through market sales.

Key Details

Promoter Shareholding Movement:

KIPL is part of the promoter group of Ravindra Energy Limited.
Holding before disposal stood at 5,99,08,844 shares representing 33.53%.
Total disclosed sale quantity was 41,61,822 shares.
Of the total sale quantity, 22,00,000 shares were sold on June 1, 2026.
Remaining 19,61,822 shares were sold between March 27 and March 31, 2026.
Holding after disposal reduced to 5,77,08,844 shares.
Post-transaction promoter ownership stands at 32.29%.
Existing encumbered shares remain at 55,00,000 shares.
Transaction was carried out through the market route.

Note:

The company’s equity share capital remained unchanged at 17,86,94,463 equity shares of ₹10 each before and after the transaction.

Risk Analysis

Summary:

The disclosure relates to a promoter stake reduction and does not indicate any operational, financial, or business change within Ravindra Energy Limited.

Key Risks:

Reduction in promoter ownership may be monitored by investors for future promoter actions.
Market participants may assess promoter confidence based on continued stake movement.
Encumbered promoter shares remain outstanding.
No change has been reported in company operations or capital structure.

Worst Case Scenario:

Further substantial promoter stake reduction could create concerns regarding promoter commitment or increase stock supply pressure in the market.

Risk Level: Medium

Company Commentary

Khandepar Investments Private Limited disclosed the share sale under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
The promoter entity reported sale of 22,00,000 shares on June 1, 2026.
Total disclosed disposal amounted to 41,61,822 shares through market sale transactions.
Revised promoter holding stands at 32.29% after the transaction.

Official Exchange Filing: Ravindra Energy Limited