As per objects of REL Rights Issue funds utilization, REL has invested Rs 150 Crores in Energy In Motion Limited (EIM) an associate entity of the company.
FUNDRAISE
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 01 Jul 2026, 12:16 AM IST · BSE ID: 0f6cc775-b4a3-4d51-9306-a561aeb52f39
View Original BSE Filing (PDF)
💡
In Simple Terms
Ravindra Energy invested Rs 150 Crore in its related company, EIM, which focuses on electric trucks and tractors.
🤖 AI Summary
- Ravindra Energy invested Rs 150 Crores in associate Energy In Motion Limited (EIM).
- Investment was via rights issue subscription for 45,67,463 equity shares at Rs 328.41 per share.
- EIM focuses on clean mobility solutions, selling electric tractors and providing battery solutions.
- EIM reported a turnover of Rs. 1,806.88 million for FY-2025-26.
- The transaction is a related party transaction, approved by shareholders.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Investment in Energy In Motion Limited (EIM)
Rs 150 Crores
EIM Equity Shares Subscribed
45,67,463
EIM Issue Price Per Equity Share
Rs. 328.41
EIM FY-2025-26 Turnover
Rs. 1,806.88 million
REL Shareholding in EIM
49.5%
Ravindra Energy Rights Issue Size
Rs. 2,005.35 million
🏢 How This Affects the Company
This investment strengthens Ravindra Energy's involvement in the clean mobility sector through its associate entity, EIM, aligning with future energy trends. EIM's business model focuses on integrated electric mobility solutions for freight transportation.
The investment of Rs 150 Crores represents a significant deployment of capital raised through the recent rights issue, impacting Ravindra Energy's cash reserves and investment portfolio. EIM reported a turnover of Rs. 1,806.88 million for FY-2025-26.
The investment introduces exposure to the evolving electric mobility sector. The transaction is with an associate entity, with Mr. Narendra Murkumbi serving as Managing Director for both.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders regarding this investment disclosure.
👤
Who Is Affected
All shareholders are affected by the deployment of company capital into strategic growth areas.
🔍
Management Signal
Management is prioritizing capital allocation towards expanding its footprint in the electric mobility and clean energy solutions sector through its associate entities.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
EIM's financial performance post-investment.
Further details on EIM's operational milestones.
Subsequent capital allocation decisions by Ravindra Energy.
MEDIUM RISK
Investment in an associate and related party transaction carries inherent governance and execution risks.
💡 Investor Takeaway
Ravindra Energy deployed Rs 150 Crores from its rights issue into associate EIM, a clean mobility venture, supporting its operations and expansion in electric freight.
⚖️ Strengths & Concerns
✅ Positives
- Rs 150 Crores investment in associate EIM to drive clean mobility solutions and electric freight.
- EIM, an associate with 49.5% REL shareholding, reported FY-2025-26 turnover of Rs. 1,806.88 million.
⚠️ Concerns
- Investment in an associate entity where a promoter also serves as Managing Director.
- The company recently completed a Rs 2,005.35 million rights issue and is now deploying capital.
📅 Company Track Record
Ravindra Energy recently completed a Rs. 2,005.35 million rights issue in June 2026 to fund its growth objectives.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the amount Ravindra Energy invested in Energy In Motion Limited (EIM)?
Ravindra Energy invested approximately Rs. 150 Crores in Energy In Motion Limited (EIM).
How did Ravindra Energy invest in EIM?
The investment was made by subscribing to 45,67,463 equity shares of EIM on a rights issue basis at an issue price of Rs. 328.41 per equity share.
What is the business of Energy In Motion Limited (EIM)?
EIM is an associate venture of Ravindra Energy focused on clean mobility solutions, selling electric tractors and providing battery solutions for long-haul freight transportation.
What was EIM's turnover for the financial year 2025-26?
EIM reported a turnover of Rs. 1,806.88 million for the financial year 2025-26.
Is this investment considered a related party transaction?
Yes, this is considered a related party transaction as EIM is an associate entity of Ravindra Energy, and Mr. Narendra Murkumbi has interests in both.
Questions based on this BSE filing only. For information purposes.