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Ravindra Energy Portfolio Hits 486 MWp; EV Revenue Surges to ₹1,805 Million in FY26
Ravindra Energy has significantly scaled its renewable portfolio to 486.3 MWp, with 228.9 MWp currently operational and 227.3 MWp under development for FY27. The company's Electric Vehicle segment (Energy In Motion) delivered 311 heavy-duty electric vehicles in FY26, generating ₹1,805.9 million in revenue, although the segment reported a net loss of ₹152.9 million for the year. Growth is primarily driven by the MSKVY solar projects in Maharashtra and strong demand in the E-HCV segment for ports and shipping. Management indicates that electric heavy trucks have achieved Total Cost of Ownership (TCO) parity with diesel, supporting aggressive expansion plans for FY27.
Key Highlights
Total renewable energy portfolio reached 486.3 MWp, with 228.9 MWp operational and 31.2 MWp under construction.
EV segment revenue for Q4 FY26 stood at ₹1,011 million, a nearly 3x increase from ₹347.6 million in Q3 FY26.
Delivered 311 E-HCV units by March 2026, with 219 units serving the Ports & Shipping sector and 89 in Cement/Power.
Operationalized an assembly plant in Talegaon, Pune, with a production capacity of 5,000 units per annum.
Solar generation from MSKVY Phase-I surged to 125.6 million kWh in FY26 from 1.0 million kWh in the previous year.
💼 Action for Investors
Investors should monitor the company's ability to turn the EV segment profitable as it scales, while tracking the timely commissioning of the 227 MWp solar pipeline. The stock offers a unique dual-play on renewable utility-scale power and the emerging electric heavy commercial vehicle market.
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Ravindra Energy Approves Q4FY26 Results, Appoints New Auditors, and Reports ₹50 Mn Impairment
Ravindra Energy Limited's Board has approved the audited financial results for Q4 and the full fiscal year ending March 31, 2026, receiving an unmodified opinion from statutory auditors. The company announced the appointment of M/s. P. G. Bhagwat LLP as Internal Auditors and M/s. A. G. Anikhindi & Co. as Cost Auditors for FY2026-27. A significant exceptional item of ₹50.00 million was recorded for the impairment of investments in LLPs. Furthermore, the company confirmed the exercise of 70,000 shares under its 2022 ESOP scheme and submitted reports regarding the utilization of funds from its preferential issue.
Key Highlights
Approved Audited Standalone and Consolidated Financial Results for the full year ended March 31, 2026.
Recognized an exceptional item of ₹50.00 million related to the impairment of investments in LLPs.
Appointed M/s. P. G. Bhagwat LLP as Internal Auditors and M/s. A. G. Anikhindi & Co. as Cost Auditors.
Statutory Auditors issued an unmodified opinion, confirming the fairness of the financial statements.
Reported that 70,000 shares were exercised under the REL ESOP Scheme 2022 during the financial year.
💼 Action for Investors
Investors should examine the detailed financial results to understand the operational performance beyond the ₹50 million impairment charge. The unmodified audit opinion and appointment of reputable audit firms are positive signs of corporate governance.
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Ravindra Energy Utilizes Rs. 172.5 Cr of Rs. 180 Cr Raised; Reallocates Rs. 6 Cr to Renewables
Ravindra Energy Limited has reported the utilization of funds raised through its October 2024 preferential issue. Out of the total Rs. 180 crore raised, the company has successfully deployed Rs. 172.50 crore as of Q4 FY2025-26. A strategic reallocation of Rs. 6 crore was made, shifting funds from the Electric Vehicle (EV) business to the Renewable Energy segment, which is now fully utilized at Rs. 96 crore. This adjustment remains within the 10% deviation limit previously sanctioned by shareholders.
Key Highlights
Total funds raised via preferential issue amount to approximately Rs. 180 Crores.
Cumulative utilization stands at Rs. 172.50 Crores (approx. 96%) as of March 31, 2026.
Reallocated Rs. 6 Crores from the EV Business (revised to Rs. 54 Cr) to the Renewable Energy Business (revised to Rs. 96 Cr).
Renewable Energy segment is now 100% funded and utilized at Rs. 96 Crores.
EV Business has utilized Rs. 46.51 Crores, with approximately Rs. 7.49 Crores remaining for deployment.
💼 Action for Investors
Investors should note the high utilization rate of raised capital, suggesting project execution is on track, though the shift in funds indicates a prioritized focus on the Renewable Energy segment over EVs.
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Ravindra Energy Q4FY26 Results: Board Approves Audited Financials; ₹50 Mn Exceptional Impairment
Ravindra Energy Limited (RELTD) has approved its audited financial results for the quarter and full year ended March 31, 2026. The company reported an exceptional item of ₹50.00 million due to the impairment of investments in LLPs, which may impact the bottom line for the period. During the year, 70,000 shares were issued under the REL ESOP Scheme 2022. The board also appointed new internal and cost auditors to oversee operations for the upcoming financial year.
Key Highlights
Audited standalone and consolidated financial results for FY2025-26 approved with an unmodified audit opinion.
Recognized an exceptional impairment loss of ₹50.00 million on investments in Limited Liability Partnerships (LLPs).
Issued 70,000 equity shares during the year following the exercise of options under the REL ESOP Scheme 2022.
Appointed M/s. P. G. Bhagwat LLP as Internal Auditors and M/s. A. G. Anikhindi & Co. as Cost Auditors for FY2026-27.
💼 Action for Investors
Investors should analyze the full financial statements to determine if the ₹50 million impairment is a one-time event or indicative of deeper asset quality issues. Monitor the utilization of funds from the preferential issue as reported by the Monitoring Agency.
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Ravindra Energy Q4FY26 Results: Board Approves Audited Financials; ₹50 Mn Exceptional Impairment
Ravindra Energy Limited (RELTD) has approved its audited financial results for the quarter and full year ended March 31, 2026, with an unmodified audit opinion. The company reported an exceptional item of ₹50.00 million due to the impairment of investments in Limited Liability Partnerships (LLPs). During the year, 70,000 shares were issued under the company's 2022 ESOP scheme. Additionally, the Monitoring Agency report confirmed that there were no deviations in the utilization of funds raised through the recent preferential issue.
Key Highlights
Audited Standalone and Consolidated Financial Results for FY2025-26 approved with an unmodified audit opinion.
Exceptional item of ₹50.00 million recorded for impairment of investments in LLPs.
Appointment of M/s. P. G. Bhagwat LLP as Internal Auditors and M/s. A. G. Anikhindi & Co. as Cost Auditors for FY2026-27.
70,000 shares were issued following the exercise of options under the REL ESOP Scheme 2022.
Monitoring Agency report confirms zero deviation in the utilization of funds raised through the Preferential Issue.
💼 Action for Investors
Investors should examine the full financial statements to understand the impact of the ₹50 million impairment on overall profitability. The unmodified audit opinion and transparent fund utilization report suggest stable corporate governance.
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Ravindra Energy Associate EIM to Deploy 1,000 Electric Heavy-Duty Trucks via MoU with Drivn
Ravindra Energy's associate company, Energy in Motion (EIM), in which it holds a 49.5% stake, has signed a Memorandum of Understanding with Drivn to deploy 1,000 electric heavy-duty trucks over the next two years. The partnership combines EIM's battery-swapping technology and vehicle supply with Drivn's leasing and financing platform, which recently secured $80 million in funding from Nomura. EIM's business model focuses on selling electric tractors without battery packs, providing energy and charging services through long-term contracts. This move signifies a major scale-up for EIM, which only commenced commercial operations in August 2025.
Key Highlights
MoU signed to deploy 1,000 electric heavy-duty commercial vehicles over the next 24 months.
Ravindra Energy Limited (REL) holds a significant 49.5% stake in the associate entity EIM.
Partner company Drivn recently secured a US$ 80 million commitment from Nomura for EV leasing.
EIM's model involves selling bare electric tractors and providing battery-swapping infrastructure via long-term contracts.
EIM commenced commercial operations on August 1, 2025, making this a rapid expansion phase.
💼 Action for Investors
Investors should track the quarterly progress of truck deployments as this partnership validates REL's foray into the EV ecosystem through its associate. The success of the battery-swapping model in the heavy-duty segment could significantly re-rate the company's valuation.
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Ravindra Energy Promoter Khandepar Investments Sells 1.1% Stake for ₹24.47 Crore
Khandepar Investments Private Limited, a promoter entity of Ravindra Energy Limited, has sold 19,61,822 equity shares through open market transactions. The sale, valued at approximately ₹24.47 crore, was executed between March 27 and March 30, 2026. Consequently, the promoter's stake in the company has decreased from 34.64% to 33.54%. Such open market sales by promoters are typically monitored closely by investors for signs of sentiment shifts.
Key Highlights
Promoter Khandepar Investments sold 19,61,822 equity shares in the open market.
The total transaction value is approximately ₹24.47 crore.
Promoter shareholding reduced by 1.1%, moving from 34.64% to 33.54%.
Transactions were carried out on both BSE and NSE platforms between March 27-30, 2026.
💼 Action for Investors
Investors should exercise caution as open market sales by promoters can signal a lack of immediate upside or a need for liquidity. Monitor if further selling persists in upcoming sessions.
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Ravindra Energy Promoter Releases Pledge on 60 Lakh Shares Worth ₹75 Crore
Khandepar Investments Private Limited, a promoter of Ravindra Energy Limited, has released a pledge on 60,00,000 equity shares. The revocation of the pledge is due to the successful repayment of a borrowing facility by the promoter entity. The transaction involves shares valued at approximately ₹75 crore. This move reduces the encumbrance on the promoter's total holding, which remains at 34.64% of the company.
Key Highlights
Release of pledge on 60,00,000 equity shares by promoter Khandepar Investments Private Limited
Estimated transaction value of the released shares stands at ₹75 crore
Pledge revocation follows the full repayment of the underlying debt facility
Promoter group maintains a total stake of 34.64% (6,18,70,666 shares) in the company
💼 Action for Investors
The reduction in promoter pledge is a positive sign as it decreases the risk of forced selling and indicates improved financial liquidity at the promoter level. Investors should view this as a strengthening of the company's credit profile.
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Ravindra Energy Associate EIM to Supply 66 Electric Heavy Vehicles to Transvolt
Ravindra Energy's associate company, Energy In Motion (EIM), in which it holds a 49.5% stake, has partnered with Transvolt Mobility to supply 66 units of its 55-ton 'Ashwa' e-tractors. The vehicles will be deployed at Kandla Port and JNPT Mumbai for intra-port logistics, with full delivery expected by April 2026. EIM's business model involves selling bare vehicles while providing battery-swapping and charging services under long-term contracts. This deployment is projected to reduce CO2 emissions by approximately 3,300 tons annually, validating EIM's clean mobility strategy.
Key Highlights
Supply of 66 EIM-Foton 55-ton 'Ashwa' battery-swappable e-tractors to Transvolt Mobility
Deployment scheduled for completion across March and April 2026 at major Indian ports
EIM provides battery-as-a-service, offering charging and swapping infrastructure alongside vehicle supply
Ravindra Energy Limited maintains a significant 49.5% shareholding in the associate entity EIM
Expected annual reduction of 3,300 tons of CO2 emissions, aligning with 100% zero-emission port objectives
💼 Action for Investors
Investors should view this as a positive development for Ravindra Energy's green energy portfolio and monitor the scaling of EIM's battery-swapping model. The successful execution of this port-logistics contract could lead to larger orders in the heavy electric vehicle segment.
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Ravindra Energy Puts Proposed QIP Fundraise on Hold Due to Market Volatility
Ravindra Energy Limited has decided to put its proposed Qualified Institutions Placement (QIP) on hold as of March 25, 2026. The decision follows a review of current market volatility and economic conditions by the Finance Committee. The fundraise was originally planned following an announcement on August 29, 2025, involving equity shares and non-convertible debt. The company will continue to monitor market conditions to identify a more opportune time for the issuance to protect shareholder interests.
Key Highlights
Finance Committee decided to pause the QIP process during its meeting on March 25, 2026
The fundraise was initially proposed in an intimation dated August 29, 2025
Decision driven by prevailing market volatility and the current economic environment
Proposed issuance included equity shares and non-convertible debt instruments with warrants
Company intends to re-evaluate the timing for the fundraise at a more opportune time
💼 Action for Investors
Investors should monitor if this delay in capital infusion impacts the company's near-term expansion plans or liquidity. The pause prevents immediate equity dilution, which may be beneficial if current market valuations are suppressed.
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Ravindra Energy Extends Corporate Guarantee to INR 296 Crore for Associate Entity
Ravindra Energy Limited (RELTD) has increased its corporate guarantee for its associate entity, Energy In Motion Limited (EIM), to INR 296 Crore from an earlier limit of INR 135 Crore. This guarantee is provided to YES Bank Limited to facilitate credit and hedge facilities for EIM's business operations. RELTD holds a 49.50% stake in EIM, which currently has a paid-up equity capital of INR 100.48 Crores. While the company states this is a non-fund-based contingent liability with no immediate financial impact, it significantly increases the parent's risk exposure to the associate's performance.
Key Highlights
Corporate guarantee extended to a total of INR 296 Crore, inclusive of a previous INR 135 Crore limit.
Guarantee supports fund-based and non-fund-based credit facilities from YES Bank Limited.
Ravindra Energy holds a 49.50% equity stake in the associate entity, Energy In Motion Limited.
Energy In Motion Limited has a paid-up equity share capital of INR 100.48 Crores.
The transaction involves common director Mr. Narendra Murkumbi but is conducted at arm's length.
💼 Action for Investors
Investors should monitor the operational progress and debt-servicing capability of Energy In Motion Limited, as any default would directly impact Ravindra Energy's balance sheet. Evaluate if the potential returns from this 49.50% associate stake outweigh the increased contingent liability risk.
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Ravindra Energy targets 476 MWp solar capacity and 5,000 unit e-tractor plant by FY27
Ravindra Energy is executing a dual-growth strategy focusing on distributed solar power and heavy-duty electric mobility. The company plans to scale its solar capacity from 187 MWp to 476 MWp by FY27, largely through rural feeder solarization under the KUSUM scheme. Its electric mobility subsidiary, EIM, is establishing a 5,000-unit annual capacity manufacturing plant in Pune, expected to commission by June 2026. The company utilizes a Battery-as-a-Service (BaaS) model to drive adoption in the 55-tonne e-tractor segment, targeting port and industrial logistics.
Key Highlights
Solar operational capacity projected to grow ~2.5x from 187 MWp to 476 MWp by FY27.
New e-tractor manufacturing facility in Talegaon, Pune with 5,000 units p.a. capacity to be commissioned by June 2026.
Current e-mobility order book stands at 263 units with 125 units already sold as of December 2025.
Strategic battery swapping network expansion targeting 100 stations by FY29 to support heavy-duty EV corridors.
Maintains a 6-year exclusivity agreement for assembling and distributing heavy CVs (>18 tonnes) with CATL battery support.
💼 Action for Investors
Investors should track the execution of the Talegaon plant commissioning in mid-2026 and the pace of solar capacity additions. The stock represents a niche play on heavy-duty EV adoption and rural energy infrastructure with a strong 5-year price CAGR of 32%.
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Ravindra Energy Updates Renewable Pipeline to 235 MW and Secures ₹296 Cr YES Bank Funding
Ravindra Energy Limited (RELTD) has updated its business outlook, reporting an operating renewable capacity of 187 MW DC and a robust pipeline of 235 MW DC. The company is on track to commission 57 MW of MSKVY Phase 2 projects by March 31, 2026, and has secured a Letter of Award for a 71 MW DC project with HESCOM at a tariff of ₹2.93 per unit. In the EV segment, the company achieved 9M FY26 revenue of ₹79.49 crore but reported a PAT loss of ₹6.23 crore. Crucially, YES Bank has sanctioned credit facilities totaling ₹296 crore and a hedge facility of ₹32 crore to support these growth initiatives.
Key Highlights
Operating renewable assets reach 187 MW DC with 60 MW DC currently under construction.
Future pipeline stands at 235 MW DC, including the 150 MW MSKVY Phase 3 and 71 MW HESCOM project.
YES Bank sanctioned ₹296 crore in credit facilities and ₹32 crore in hedge facilities.
EV business recorded 125 vehicle sales and ₹79.49 crore revenue for the nine months ending Dec 2025.
Aims to commission 8 additional EV swap stations by March 2026 to support a 275-vehicle sales pipeline.
💼 Action for Investors
Investors should track the execution of the 57 MW MSKVY Phase 2 projects by the March 2026 deadline and monitor the EV segment's path to break-even. The substantial credit facility from YES Bank significantly de-risks the capital requirements for the upcoming renewable pipeline.
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Ravindra Energy Q3 Update: 187 MW Operating Assets and INR 296 Crore YES Bank Funding
Ravindra Energy Limited (RELTD) reported a total operating renewable capacity of 187 MW DC as of Q3 FY26, with an additional 60 MW under construction and expected to commission by March 2026. The company secured a significant credit facility of INR 296 crore from YES Bank to support its business activities. While the renewable segment met generation targets, the EV business faced a setback in Q3 with revenue declining to INR 34.76 crore and a net loss of INR 4.56 crore. The company maintains a robust future pipeline of 235 MW DC in renewable projects and plans to expand its EV swap station network.
Key Highlights
Total operating renewable assets reached 187 MW DC, including 136 MW from MSKVY Phase 1.
Secured INR 296 crore credit facility and INR 32 crore hedge facility from YES Bank.
60 MW DC of renewable projects are under construction with a target completion date of March 31, 2026.
EV segment reported Q3 revenue of INR 34.76 crore and a net loss of INR 4.56 crore, down from a small profit in Q2.
Future pipeline includes 235 MW DC renewable projects and 8 new EV swap stations by March 2026.
💼 Action for Investors
Investors should track the timely commissioning of the 60 MW under-construction projects and monitor the EV segment for signs of a turnaround in profitability. The large credit facility provides growth capital but increases debt levels, making execution of the 235 MW pipeline vital for long-term value.
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Ravindra Energy Reports Rs 172.5 Cr Fund Utilization with Minor Reallocation in Q3 FY26
Ravindra Energy Limited has disclosed the utilization status of Rs 180 crore raised through a preferential issue in October 2024. As of December 31, 2025, the company has deployed Rs 172.50 crore, representing approximately 96% of the total proceeds. A minor reallocation of Rs 6 crore was executed, shifting funds from the Electric Vehicle business to the Renewable Energy segment, which is within the 10% deviation limit previously approved by shareholders. The Renewable Energy vertical has now fully utilized its revised allocation of Rs 96 crore.
Key Highlights
Total funds raised via preferential issue amounted to Rs 179.99 crore in October 2024.
Cumulative utilization of funds stands at Rs 172.50 crore as of the end of Q3 FY2025-26.
Investment in Renewable Energy business increased by Rs 6 crore to a total of Rs 96 crore and is fully utilized.
Electric Vehicle business allocation was reduced to Rs 54 crore, with Rs 46.51 crore utilized so far.
General Corporate Purpose funds of Rs 30 crore are nearly fully utilized at Rs 29.99 crore.
💼 Action for Investors
Investors should monitor the remaining deployment of funds in the EV segment to ensure project execution remains on track. The shift in capital towards Renewable Energy suggests a strategic prioritization or faster-than-expected growth in that vertical.
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Ravindra Energy Approves Q3 Results; Utilizes ₹172.5 Cr of ₹180 Cr Preferential Issue Proceeds
Ravindra Energy's Board approved the Q3 FY26 financial results and reviewed the utilization of ₹180 crore raised via preferential allotment. As of December 31, 2025, the company has deployed ₹172.50 crore, primarily into its Renewable Energy (₹96 crore) and Electric Vehicle (₹46.51 crore) businesses. A six-month extension has been granted to utilize the remaining ₹7.50 crore balance. The monitoring agency report confirms no major deviations from the intended objects of the fundraise.
Key Highlights
Board approved unaudited standalone and consolidated financial results for the quarter ended December 31, 2025.
Successfully deployed ₹172.50 crore out of the ₹180 crore preferential issue proceeds raised at ₹74 per share.
Renewable Energy segment saw an investment of ₹96 crore, slightly above the initial ₹90 crore allocation within permitted limits.
EV business utilization stands at ₹46.51 crore against a ₹60 crore target, with a 6-month extension granted for the balance.
Monitoring agency India Ratings & Research confirmed no material deviations from the objects of the issue.
💼 Action for Investors
Investors should track the upcoming detailed financial statements to see if the ₹172.5 crore capital deployment is translating into revenue growth in the Renewable and EV segments. The extension for EV spending suggests a slightly slower execution in that vertical which warrants observation.
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Ravindra Energy Bags 62 MW Solar Projects from HESCOM Worth Rs 225 Crore
Ravindra Energy Limited (RELTD) has received 13 Letters of Award from Hubli Electricity Supply Company Limited (HESCOM) for solar power projects in Karnataka. The aggregate capacity of 62 MW (AC) will be developed on a Build Own and Operate (BOO) basis with an estimated capital expenditure of Rs 225 crore. The company will enter into a 25-year Power Purchase Agreement (PPA) at an average tariff of Rs 2.95 per unit. These projects are expected to be commissioned within 12 months from the date of the PPA signing, ensuring long-term revenue visibility.
Key Highlights
Received 13 Letters of Award for an aggregate solar capacity of 62 MW (AC)
Estimated project capital expenditure is approximately Rs 225 crore
Secured a 25-year Power Purchase Agreement (PPA) at an average tariff of Rs 2.95 per unit
Project commissioning timeline is 12 months from the date of PPA signing
💼 Action for Investors
Investors should view this as a significant expansion of the company's renewable energy portfolio with guaranteed long-term cash flows. Monitor the execution progress and the impact on the company's debt-to-equity ratio given the Rs 225 crore capex requirement.
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Ravindra Energy Shareholders Approve Director Appointment, Loans, and Related Party Transactions
Ravindra Energy Limited (RELTD) has announced the successful passage of three key resolutions via postal ballot with over 99% majority for each. Shareholders approved the appointment of Mr. Apurva Chandra as an Independent Director and authorized the company to provide loans, guarantees, or securities to its subsidiaries and associates. Additionally, a material related party transaction with Energy In Motion Limited was approved. Notably, the promoter group, holding over 12.38 crore shares, abstained from voting on the loan and RPT resolutions, ensuring the outcome was determined by other shareholders.
Key Highlights
Appointment of Mr. Apurva Chandra as Independent Director approved with 99.94% majority (13.47 crore votes).
Approval for loans or guarantees to subsidiaries under Section 185 passed with 99.31% of valid votes.
Material related party transactions with Energy In Motion Limited approved by 99.31% of voting shareholders.
Promoter group (12,38,56,976 shares) abstained from voting on the loan and RPT resolutions to comply with governance norms.
💼 Action for Investors
The approval provides the company with necessary operational and financial flexibility to support its subsidiaries. Investors should monitor the scale of future inter-corporate loans and the specific nature of transactions with Energy In Motion Limited to ensure efficient capital allocation.
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Ravindra Energy Issues ₹135 Crore Corporate Guarantee for Associate Energy In Motion
Ravindra Energy Limited (REL) has provided a corporate guarantee of ₹135 crore to YES Bank for financial facilities availed by its associate entity, Energy In Motion Limited (EIM). REL holds a 49.50% stake in EIM, which has secured total credit facilities of ₹296 crore and a ₹32 crore hedge facility for business expansion. While the guarantee is currently a non-fund-based contingent liability, it exposes REL to financial risk in the event of a default by the associate. The transaction has been conducted at arm's length and received prior shareholder approval in June 2025.
Key Highlights
Corporate guarantee of ₹135 crore provided to YES Bank for associate entity Energy In Motion Limited (EIM).
Ravindra Energy Limited holds a 49.50% equity stake in EIM.
EIM has been sanctioned total credit facilities of ₹296 crore and a hedge facility of ₹32 crore.
EIM reported a paid-up capital of ₹100 crore and is focusing on business expansion projects.
Common director Mr. Narendra Murkumbi identified as an interested party in the transaction.
💼 Action for Investors
Investors should monitor the operational performance and debt-servicing capability of Energy In Motion Limited, as any financial stress there could impact Ravindra Energy's balance sheet through this ₹135 crore contingent liability.
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Ravindra Energy Appoints Ex-IAS Apurva Chandra as Director; Reallocates ₹5.50 Cr for Renewables
Ravindra Energy's board has appointed Mr. Apurva Chandra, a former senior IAS officer with 36 years of experience, as an Independent Director for a five-year term. The company is accelerating its renewable energy push by approving the incorporation of new wholly-owned subsidiaries as SPVs. Regarding the ₹180 crore raised via preferential issue, the board reallocated ₹5.50 crore from the Electric Vehicle business to the Renewable Energy segment. As of September 30, 2025, the company has successfully utilized ₹171.99 crore of the total funds raised.
Key Highlights
Appointment of Mr. Apurva Chandra (ex-IAS, IIT Delhi alumnus) as Independent Director for a 5-year term starting Nov 5, 2025.
Reallocation of ₹5.50 crore from EV business (revised to ₹54.50 Cr) to Renewable Energy business (revised to ₹95.50 Cr).
Total funds raised through preferential issue of ₹180 crore, with ₹171.99 crore already utilized as of Q2 FY26.
Board approval for incorporating new wholly-owned subsidiaries to act as SPVs for renewable energy projects.
Approval of Unaudited Standalone and Consolidated Financial Results for the quarter ended September 30, 2025.
💼 Action for Investors
Investors should view the addition of a high-profile former bureaucrat to the board as a positive step for governance and regulatory expertise. Monitor the progress of the newly formed SPVs in the renewable energy sector as the company shifts more capital toward this segment.