Ravindra Energy Ltd (RELTD) — Board Meeting | 23 September 2026 (2 announcements)

Ravindra Energy Limited announced the board approved the merger of Energy In Motion Limited into itself, subject to regulatory approvals and shareholder consent. The scheme involves exchanging 209 new shares for every 100 shares held by Energy In Motion shareholders, creating an integrated renewable energy and electric vehicle charging platform. The combined entity will have a larger asset base and operational scale, with promoter stake rising to 74.54% post-merger.

Ravindra Energy Limited announced the board approval of a merger scheme with its associate Energy In Motion Limited, creating an integrated clean energy and electric mobility platform focused on heavy commercial vehicle electrification. The merger will rename the combined entity Energy In Motion Limited, consolidate ownership of EIM Megaplex Limited for battery infrastructure, and issue 209 REL shares for every 100 EIM shares to non-REL shareholders. The transaction requires regulatory approvals and is expected to strengthen capital access and operational synergies.