Ravindra Energy Rights Issue 2026: Dates, Price, Ratio

What Ravindra Energy announced

Ravindra Energy Limited has set the schedule and key terms for its 2026 rights issue, with the subscription window running from June 16, 2026 to June 24, 2026. The company is offering new equity shares at an issue price of ₹101 per share, with a face value of ₹10 per share. The record date to determine eligible shareholders is June 8, 2026. The rights issue is structured in the ratio of 1 rights equity share for every 9 fully paid-up equity shares held as of the record date.

The company also issued a corrigendum to its Letter of Offer dated June 3, 2026. The corrigendum reflects an increase in the total number of rights equity shares and an updated issue size. Separately, an exchange intimation noted the rights issue closure on June 24, 2026 and described the fund-raise target as up to ₹205 crore.

Key dates investors tracked

Eligibility is linked to shareholding on the record date of June 8, 2026. Investors who wanted to be eligible needed to buy the shares on or before June 5, 2026, as mentioned in the timeline. Rights Entitlements (REs) are credited after the record date, and the REs can be used to apply for the rights shares or sold in the market during the trading window.

The rights issue opened on Tuesday, June 16, 2026 and closed on Wednesday, June 24, 2026. The last date for on-market renunciation of Rights Entitlements was Friday, June 19, 2026, and the RE trading period was stated as June 16 to June 19, 2026. The deemed date of allotment was listed as June 25, 2026.

Timeline at a glance

Offer structure: price, ratio, and entitlement

The issue price is ₹101 per equity share, including a stated premium of ₹91. The offer ratio is 1 rights equity share for every 9 fully paid-up shares held on June 8, 2026. The REs were stated to be temporarily traded on stock exchanges and later extinguished.

The RE symbol mentioned for trading is RELTD-RE. Investors could either use the REs to subscribe to the rights issue or sell the REs in the market during the RE trading period.

Issue size and revised share count (corrigendum)

The rights issue size was presented as approximately ₹200.31 crore, which equals ₹2,003.10 million. The article also mentions that Ravindra Energy revised the total number of rights equity shares to 19,854,940 and the issue size to ₹2,005.35 million via a corrigendum.

In another part of the provided information, the rights issue comprises 1,98,32,834 equity shares (19,832,834 shares) aggregating up to ₹200.31 crore. Taken together, this indicates the company updated the final share count through the corrigendum, while the issue price remained unchanged at ₹101 per share.

The net proceeds after expenses were stated as ₹1,989.35 million, against a gross issue size of ₹2,005.35 million.

How to apply: ASBA and R-WAP

The application process was described through two channels:

• Net Banking (ASBA): Investors can apply through their bank’s ASBA facility by using the relevant issue details and following the bank’s rights issue application flow.
• Registrar’s Website (R-WAP Facility): Investors can also apply through the registrar’s web-based application platform, where the RE details and application flow are provided.

The choice between these routes depends on how the investor prefers to submit the application, but both were explicitly listed as options.

Market context: stock price cited on issue closure day

A stock price snapshot included in the provided text said that on June 24, 2026 at 15:57, Ravindra Energy’s share price was ₹159.43, with a day move shown as 0.88% and 0.56. This was presented alongside the closure-day timeline, but the rights issue itself was priced at ₹101 per share.

Company and promoter details mentioned

The promoters named in the provided information include Khandepar Investments Private Limited, Vidya Madhusudan Murkumbi, Narendra Madhusudan Murkumbi, and Supriya Shailesh Rojekar. The article also stated that updated details were available on the company and stock exchange websites.

For contact and registered details, the article listed:

• Ravindra Energy Limited, B-3702, Kohinoor Square, N. C. Kelkar Marg, Dadar (West), Mumbai - 400 028, Maharashtra
• Phone: +91 831 240 6600
• Email: contact@ravindraenergy.com
• Website: https://www.ravindraenergy.com/

Key facts summary

Why these dates and details matter to shareholders

For existing shareholders, the practical decision points were tied to the record date and the RE trading period. Buying by June 5, 2026 was presented as the cut-off to receive REs, and June 8, 2026 was the record date used to determine the entitlement ratio.

For investors who did receive REs, the stated structure allowed two routes: subscribe to new shares at ₹101 or sell the REs in the market during the June 16 to June 19 trading period. The timeline also highlighted the post-closure sequence, with the deemed allotment date of June 25 and an expected demat credit and listing around July 1, 2026.

Conclusion

Ravindra Energy’s 2026 rights issue closed on June 24, 2026 after opening on June 16, with the record date fixed at June 8 and the issue price set at ₹101 per share. The company’s corrigendum updated the total rights share count and the gross issue size to ₹2,005.35 million, with net proceeds stated at ₹1,989.35 million. The next milestones listed in the schedule were the deemed allotment date of June 25, 2026 and the expected credit and listing around July 1, 2026.