Ravindra Energy Limited (RELTD) announced the outcome of its Board Meeting held on January 15, 2026, wherein the Unaudited Standalone and Consolidated Financial Results for the quarter ended December 31, 2025, were approved.

The meeting commenced at 4:30 PM and concluded at 5:55 PM. The company also submitted the Monitoring Agency Report from India Ratings and Research Private Limited and a Statement of Deviation or Variation in the utilization of funds raised through a Preferential Issue, as per Regulation 32 of the Listing Regulations.

The financial results, along with the Limited Review Report dated January 15, 2026, issued by statutory auditors M/s. P. Ishwara Bhat & Co., have been made available on the company's website.

The Monitoring Agency Report for the quarter ended December 31, 2025, indicated no deviation from the objects for the utilization of proceeds from the preferential issue, which raised ₹180 Crores. The issue period was from October 10, 2024, to October 16, 2024, involving the preferential allotment of 2,43,24,313 Equity Shares at ₹74 per share.

Out of the total ₹180 Crores raised, ₹96 Crores were allocated to Investment in Renewable Energy Business (utilizing ₹96 Crores), ₹54 Crores to Investment in Electric Vehicle Business (utilizing ₹46.51 Crores), and ₹30 Crores for General Corporate Purpose (utilizing ₹29.99 Crores). The total utilized amount was ₹172.50 Crores, with ₹7.50 Crores remaining in a bank account.

A minor deviation of ₹6 Crores in the allocation for the Electric Vehicle Business was noted, which is within the +/- 10% limit approved by shareholders. The company has obtained board approval for a six-month extension from October 15, 2025, for the utilization of outstanding balances.