Promoter pledge creation: 1,00,000 shares and 7,57,000 shares encumbered in favour of TATA Capital

Promoters of Ravindra Energy have created a pledge on equity shares of the company.

Mon 5 Oct 2026

Pledge created by Mr. Narendra Madhusudan Murkumbi

1,00,000 equity shares

Pledge created by Khandepar Investments Private Limited

7,57,000 equity shares

Date of creation of pledge

September 29, 2026

Lender (in favour of)

TATA Capital Limited

Total encumbrance

2,97,68,300 equity shares = 28.96% of promoter shareholding and 15.00% of total paid-up share capital

Promoter pledge on Ravindra Energy shares

The company has disclosed that its promoters have created a pledge on equity shares held in it.

What was disclosed

• Mr. Narendra Madhusudan Murkumbi, Promoter, created a pledge on 1,00,000 equity shares.
• Khandepar Investments Private Limited (KIPL), Promoter, created a pledge on 7,57,000 equity shares.
• Date of creation of the pledges: September 29, 2026.
• The shares were pledged in favour of TATA Capital Limited (Lender).
• The purpose stated is security in connection with a loan obtained by Ravindra Energy Limited; the shares are described as additional collateral security.

Promoter-wise position after the event

• Narendra Madhusudan Murkumbi: total promoter holding 4,15,34,310 equity shares; holding already encumbered 98,00,000 equity shares; post-event encumbered holding 99,00,000 equity shares.
• Khandepar Investments Private Limited: total promoter holding 6,05,35,860 equity shares; holding already encumbered 1,91,11,300 equity shares; post-event encumbered holding 1,98,68,300 equity shares.

Where total encumbrance stands

• Total promoter shareholding: 10,27,95,724 equity shares.
• Total encumbered shares: 2,97,68,300.
• Encumbrance as a percentage of promoter shareholding: 28.96%.
• Encumbrance as a percentage of total paid-up share capital: 15.00%.
• The disclosure states the encumbered shares are not 50% or more of promoter shareholding and not 20% or more of total share capital.

Understanding a pledge

A pledge is a form of encumbrance. The shares remain with the promoter, but they are committed as collateral, so they are not free to be sold or transferred while the pledge is in place. Lenders typically ask for such collateral when they extend a loan.

Other pledge events listed

The update also sets out earlier pledge events, including pledges in favour of Catalyst Trusteeship Limited (as trustee) and JM Financial Products Limited, and one case where the encumbrance relates to non-convertible debentures issued by REL Rural Warehousing Limited, a wholly owned subsidiary of Khandepar Investments Private Limited.

How to read this

This is a disclosure of creation of pledge on promoter shares. It tells investors how much of the promoter holding is committed as security. The loan against which these shares are pledged has been obtained by Ravindra Energy Limited itself, and the newly pledged shares are described as additional collateral in favour of TATA Capital Limited.

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