Ravindra Energy Ltd

Talegaon EV complex inauguration

• EIM opens integrated Electric Heavy-Duty Vehicle Complex at Talegaon, Pune, with assembly, battery pack, and testing lab.
• Initial capacity of 5,000 vehicles per shift per year.
• First phase of INR 1,000 crore investment in Maharashtra.
• Project to create over 2,000 direct and indirect jobs.
• Develops nationwide battery swapping and charging infrastructure along highways, ports and industrial hubs.
• Megawatt-scale hubs enable battery swaps in under seven minutes.
• Technology partnerships with BAIC Foton Motor, CATL, and Shanghai Enneagon Energy.
• MD Narendra Murkumbi credits Maharashtra government support and partners for record-time build.
• Plans to build nationwide megawatt charging and battery-swapping network to accelerate transition.
• Inauguration date: 14 October 2026.

Volume spurt clarification

• No pending information; only a press release scheduled today; movement market-driven.
• Will intimate Exchanges if any Regulation 30 disclosures arise.

Dematerialisation status

• Dematerialisation requests received were confirmed to depositories and listed on exchanges.
• Physical security certificates received for dematerialisation were mutilated and cancelled after verification.
• Depositories names were substituted as registered owners in the register of members within the prescribed timeline.
• Details of dematerialisation/rematerialisation were furnished to all stock exchanges where the company is listed.

AGM Details

• 46th AGM held Sep 28, 2026 at 12:00 Noon via video conferencing.
• Remote e-voting and electronic voting used.
• Record date: Sep 21, 2026.
• Meeting duration: 12:00–12:43.
• Postal ballot receipt deadline: Sep 28, 2026.
• Attendance: 7 promoters and 65 public via VC.

Resolutions & Outcomes

• Ordinary: Adoption of audited financial statements for year ended Mar 31, 2026 — passed.
• Ordinary: Appointment of Dr Vidya Murkumbi as Director in place of retiring — passed.
• Ordinary: Ratification of remuneration of cost auditors for year ending Mar 31, 2027 — passed.
• Special: Approval of ESOP Scheme 2026 for subsidiary employees — passed.
• Special: Approval of ESOP Scheme 2026 for company/group employees — passed.
• Special: Appointment of R. Shantanu L R as Whole-Time Director — passed.
• Remuneration to Chairperson/Whole-Time Director — passed.
• Special: Amendment to Articles of Association — passed.
• Special: Shift of registered office from Karnataka to Maharashtra and MOA changes — passed.

Directors & Remuneration

• Dr Vidya Murkumbi appointed as Director in place of retiring.
• R. Shantanu L R appointed as Whole-Time Director.
• Remuneration to Chairperson/Director approved.

Auditors

• Cost Auditor remuneration ratified for year ending Mar 31, 2027.

Other Approvals

• ESOP approvals granted for subsidiary and company employees.
• Amendments to Articles of Association approved.
• Shift of registered office to Maharashtra and MOA amendments.

Business overview

• Amalgamation with Energy in Motion (EIM) to form an integrated clean energy and EV mobility platform.
• REL contributes captive solar generation to power EIM's swap stations and charging points.
• Platform aims to internalize energy, reducing retail tariff exposure.
• EIM Megaplex SPV to house swap stations, battery packs, and chargers.
• Phase-driven capex and equity plan to fund expansion through FY2029-30.

Operational highlights

• Operating renewable portfolio capacity: 261.21 MWp.
• Total renewable capacity including under construction: 492.31 MWp.
• Under-construction capacity: 231.10 MWp across Maharashtra and Karnataka.
• PPA signed for operating and under-construction assets.

Strategic plan & capital allocation

• EIM Megaplex Limited established as 100% SPV for Network Division.
• Segregation enables funding without diluting at parent level; OEM business stays with REL.
• Deployment plan: 160 swap stations, 6,000 trucks, 7,280 battery packs, 400 MWp solar by FY2029-30.
• Total capex ₹3,500 -4,000 Cr over three years; equity ₹800-1,000 Cr by FY2029-30.
• Monetization of existing solar assets to fund near-term equity.

Governance & structure

• EIM Megaplex Limited positioned as SPV for Network Division to enable non-dilutive funding at SPV level.
• OEM activities to remain under Ravindra Energy Limited.

CEO Re-appointment

• Shareholders approved Shantanu Lath's re-appointment as WTD and CEO for a 3-year term from 11 Aug 2026.
• Profile: B.Com, ICAI member; with Ravindra Energy since 2012; CEO since 2019; ex-President Director at PT Renuka Coalindo.
• Relationship with other directors: Not related to any Directors or KMP.