Pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Ravindra Energy has informed the Securities Allotment Committee of the Board of Directors of the Company at its meeting held on Friday, the 3rd day of March 2023 considered and accepted the application received from the Warrant Holder exercising the option of converting part of the warrants held 24,00,000 Warrants of the face value of Rs 51.00 each into equity shares and approved the allotment of 24,00,000 equity shares of the face value of Rs 10.00 each at a premium of Rs 41.00 per share ranking with the existing equity shares of the Company. Disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 is enclosed as Annexure I. The meeting of the commenced at 10:00 am and concluded at 10:25 am.
The above information is a part of company’s filings submitted to BSE.
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