Ravindra Energy Limited has informed the Exchange regarding Outcome of Board Meeting held on September 23, 2026.

September 23, 2026 Dept. of Corporate Services, National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Bandra (E) Dalal Street, Mumbai- 400001, Mumbai - 400 051, Maharashtra, India. Maharashtra, India. Scrip Code: 504341 Scrip Code: RELTD ISIN: INE206N01018 Dear Sir/ Madam, Sub: Intimation of the outcome of the meeting of the Board of Directors of ‘Ravindra Energy Limited’ (“Company” or “Transferee Company”) held on September 23, 2026 and disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended (“Listing Regulations”) Ref: Scheme of Amalgamation of “Energy In Motion Limited” with “Ravindra Energy Limited” and their respective shareholders under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 Pursuant to Regulation 30 of the Listing Regulations, we hereby inform that the Board of Directors of the Company (“the Board”) at its meeting today, i.e. Wednesday, September 23, 2026 has considered and approved the Scheme of Amalgamation of Energy In Motion Limited (“Transferor Company”) with Ravindra Energy Limited (“Transferee Company”) and their respective shareholders under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 (“Act”) (“Scheme”). The Scheme is, inter alia, subject to receipt of statutory, regulatory and customary approvals, including approvals from the BSE Limited, the National Stock Exchange of India Limited (collectively referred to as “Stock Exchanges”), the Securities and Exchange Board of India, jurisdictional National Company Law Tribunal and the shareholders and creditors (as applicable) of the companies involved in the Scheme. The Scheme as approved by the Board would be available on the website of the Company at www.ravindraenergy.com after submission of the same with the Stock Exchanges. Registered Office: BC 105, Havelock Road, Camp, Belgaum – 590001, Karnataka, India. P +91-831-2406600 | CIN L40104KA1980PLC075720 | W www.ravindraenergy.com | E contact@ravindraenergy.com The necessary disclosures/ information required to be submitted pursuant to Regulation 30 of Listing Regulations read with Para A of Part A of Schedule III of the Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 is enclosed herewith as Annexure A. The aforesaid disclosure is also available on the website of the Company at www.ravindraenergy.com The Board Meeting commenced at 03:10 PM and concluded at 04:15 PM. We request you to take this on record, and to treat the same as compliance with the applicable provisions of the Listing Regulations. Thanking you. Yours faithfully, FOR RAVINDRA ENERGY LIMITED Madhukar Shipurkar Company Secretary and Compliance officer Mem. No. A64947 Encl: as above Registered Office: BC 105, Havelock Road, Camp, Belgaum – 590001, Karnataka, India. P +91-831-2406600 | CIN L40104KA1980PLC075720 | W www.ravindraenergy.com | E contact@ravindraenergy.com Annexure A a) Name of the entity(ies) forming (i) Transferor Company: Energy In Motion Limited part of the amalgamation/ CIN: U29304KA2024PLC186460 merger, details in brief such as size, turnover etc. As on June 30, 2026 Total Assets: INR 7,973.23 Million Turnover: INR 450.72 Million Net worth: INR 3,612.26 Million As on March 31, 2026 Total Assets: INR 5,542.05 Million Turnover: INR 1,806.88 Million Net worth: INR 823.27 Million (ii) Transferee Company: Ravindra Energy Limited CIN: L40104KA1980PLC075720 Standalone Basis : As on June 30, 2026 Total Assets: INR 6,992.07 Million Turnover: INR 918.38 Million Net worth: INR 6,579.11 Million As on March 31, 2026 Total Assets: INR 5,304.56 Million Turnover: INR 4,443.76 Million Net worth: INR 4,441.79 Million Consolidated Basis : As on June 30, 2026 Total Assets: INR 13,711.09 Million Turnover: INR 1,199.69 Million Net worth: INR 6,133.34 Million Registered Office: BC 105, Havelock Road, Camp, Belgaum – 590001, Karnataka, India. P +91-831-2406600 | CIN L40104KA1980PLC075720 | W www.ravindraenergy.com | E contact@ravindraenergy.com As on March 31, 2026 Total Assets: INR 11,188.69 Million Turnover: INR 5,637.36 Million Net worth: INR 4,117.72 Million b) Whether the transaction would Yes, the Transferee Company holds 49.54% of the share capital of fall within related party the Transferor Company. transactions? If yes, whether the same is done at “arms’ However, in terms of General Circular No. 30/2014 dated July 17, length” 2014, issued by Ministry of Corporate Affairs (“MCA Circular”), the transactions arising out of compromises, arrangements and amalgamations under the Act will not attract the requirements of Section 188 of the Companies Act, 2013. Further, the consideration for the amalgamation will be discharged on an "arm's length" basis. The share exchange ratio has been arrived based on joint valuation report dated September 23, 2026, issued by ‘Transaction Square Advisory LLP’ and ‘BDO Valuation Advisory LLP’. c) Area of business of the (i) Transferor Company: Energy In Motion Limited entity(ies) The Transferor Company is, inter alia, engaged in the sale of electric heavy commercial vehicles (“e-HCVs”). Further, the Transferor Company provides subscription based Battery‑as‑a‑service (“BaaS”) model by establishing a network of charging cum battery swapping and earns income based on the electricity consumed (kWh) by customers. The Transferor Company also undertakes after-sales services and related support activities in connection with its products and e-HCVs. (ii) Transferee Company: Ravindra Energy Limited The Transferee Company is principally engaged in setting up of distributed solar energy plant and selling solar energy on long term basis to government owned electricity distribution companies (“DISCOM”) under rural feeder solarization scheme and commercial and industrial sectors (open access and rooftop). Registered Office: BC 105, Havelock Road, Camp, Belgaum – 590001, Karnataka, India. P +91-831-2406600 | CIN L40104KA1980PLC075720 | W www.ravindraenergy.com | E contact@ravindraenergy.com d) Rationale for amalgamation/ The Board of Directors of Transferor Company and the Transferee merger Company believe that the proposed amalgamation would inter alia, have the following benefits: 1. combine the renewable-energy capabilities of the Transferee Company with the electric charging cum battery swapping network of the Transferor Company and enable the combined entity to develop and provide integrated solutions for the electrification and decarbonization of heavy commercial transportation. 2. enable the combined entity to offer customers a comprehensive solution comprising e-HCVs, battery-as-a- service solutions, charging and swapping infrastructure, energy supply and related operating and maintenance services through a single integrated platform; 3. expected to create a company with a wider business, capital and asset base and consolidated cash flows. This would enhance the combined entity’s ability to raise debt and equity capital, support capital-intensive investments in electric vehicles, battery inventory and charging and swapping infrastructure and undertake larger and long-term customer contracts; 4. consolidate the business and economic interests of the Transferor Company directly within the Transferee Company, eliminate the existing investment structure and facilitate streamlined governance, quicker decision-making and unified strategic and operational oversight; 5. enable appropriate consolidation of activities of Transferor Company and Transferee Company with pooling and more efficient utilization of their resources, greater economies of scale, better presence of business, reduction in overheads and other expenses and improvement in various operating parameters. The pooling of human capital having diverse skills, talent and vast experience would result in improved or [Showing first 8,000 characters — download PDF for full document]