Ravindra Energy Limited (REL) has issued a postal ballot notice requesting shareholder approval on multiple resolutions, including a proposal to increase financial support to its associate entity, Energy In Motion Limited (EIM).
Resolutions Under Shareholder Consideration
The postal ballot seeks approval for the following items:
- Appointment of Mr. Apurva Chandra as an Independent Director.
- Increase in the financial assistance limit to Energy In Motion Limited from ₹300 crore to ₹1,300 crore.
- Approval of material related party transactions with EIM.
Breakdown of Proposed Financial Assistance
REL outlined the revised financial assistance structure as follows:
| Type of Assistance | Proposed Limit |
| Corporate Guarantee | ₹1,000 crore |
| Investment in Securities | ₹250 crore |
| Intercorporate Loans | ₹50 crore |
| Total | ₹1,300 crore |
Energy In Motion Limited operates in the electric vehicle segment and is classified as an associate company of REL.
Voting Window
Shareholders may vote electronically between the following dates:
| Process | Date |
| Start of E-voting | December 7, 2025 |
| End of E-voting | January 5, 2026 |
Financial Snapshot
REL provided the following financial details from its latest reporting period:
| Metric | As of March 2025 (₹ crore) | YoY Change |
| Total Assets | 387.90 | 122.68% |
| Total Equity | 350.30 | 137.17% |
| Current Assets | 176.00 | 227.14% |
| Investments | 187.80 | 85.02% |
The postal ballot notice marks the formal initiation of the shareholder approval process for the proposed resolutions.
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
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