Ravindra Energy seeks shareholder nod for director, 1,300 crore rupees related party transactions

Ravindra Energy Limited will conduct a postal ballot from December 7, 2025, to January 5, 2026, to secure shareholder approval for several resolutions. These include the appointment of Apurva Chandra as an independent director for a five-year term, effective November 5, 2025.

Additionally, the company is seeking approval for providing loans, guarantees, or security for loans availed by subsidiaries, associate entities, or interested parties, up to an aggregate amount of INR 1,300 crore. This new limit will supersede the previous INR 300 crore limit approved on June 20, 2025. This financial support aims to fund the expansion of business activities, including investments in renewable energy and electric vehicles.

Shareholders will also vote on material related party transactions with Energy In Motion Limited (EIM), an associate entity. These transactions, which involve providing loans, guarantees, or security for EIM, are also capped at INR 1,300 crore. EIM, incorporated in March 2024 with a paid-up capital of INR 100 crore, is engaged in electric vehicle business activities, focusing on building electric trucks and a nationwide network of battery charging and swapping stations.