General Business Announcement for Q2 of FY 2026-27

November 04, 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 Code: INE206N01018 Dear Sir/Madam, Subject: General announcement to the stakeholders of ‘Ravindra Energy Limited’ about ‘Renewable Energy Business’ and ‘Electric Vehicle Business Activities’ update of the Company. Dear Sir/Madam, We are pleased to announce the business update to the stakeholders of ‘Ravindra Energy Limited’ (REL) about ‘Renewable Energy Business’ and ‘Electric Vehicle Business Activities’ of the company. We would like to inform that, the company has submitted quarterly/year to date financial results for the period ended September 30, 2026 with BSE Limited and The National Stock Exchange of India Limited (stock exchanges). The details of the above-described business update for period ended September 30, 2026 are provided as enclosure to this letter as ‘Annexure - A’. The said announcement is also being made available for stakeholders on the website of the Company at www.ravindraenergy.com You are requested to take the above announcement on your record and disseminate the same for the information of the stakeholders. Thank you. Yours’ faithfully, For Ravindra Energy Limited Mr. Madhukar Shipurkar Company Secretary & Compliance Officer Membership No: A64947 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 Q2 FY 2026-2027 Business Update 14 August 2026 REL – EIM Merger BUSINESS RATIONALE THE OUTCOME Murkumbi J M Baxi Public Energy + Motion Group Group Shareholders Promoters Group (75%) 25% • EIM runs India's most complete EV truck network: trucks, swap batteries, swap stations and charging points. • REL adds the one-piece EIM is missing: the green energy to run it all. MERGER STATUS Ravindra Energy Limited Scheme has been submitted to stock exchanges. Currently under review (To be renamed as Energy In Motion Limited) COMBINED ECOSYSTEM Electric trucks Swappable batteries Solar SPVs EIM Megaplex Ltd. Swap & charge network Green energy supply Renewable Energy Generation B usiness ( P ortfolio Update ) Capacity No. of Locations/Projects Off taker State COD/SCOD PPA signed Land Acquired (MWp) (A) Operating Portfolio MSKVY – 3 3 MSEDCL Maharashtra 21.2 Oct-26 MSKVY – 1 & 2 34 MSEDCL Maharashtra 194.5 Oct-25 & Jun-26 Karnataka Karnatak-1 14 Karnataka 34.2 Aug-17 DISCOMs Maharashtra & Rooftop 21 Pvt consumers 5.1 2018-25 Karnataka Wind Asset (51% stake) 1 Pvt consumers Maharashtra 1.3 Mar-06 Open Access 8 Pvt consumers Maharashtra 39.8 Oct-25 - Oct-26 Sub Total (A) 81.0 296.0 (B) Under Construction & Development Open Access 3 Pvt consumer Maharashtra 13.5 Dec-26 Yes Yes MSKVY – 3 20 MSEDCL Maharashtra 142.0 Sep-27* Yes 9 out of 20 Karnataka-2 13 HESCOM Karnataka 71.3 Jan-27 Yes 11 out of 13 Sub Total (B) 36 226.8 Grand Total (A+B) 117 522.8 MSKVY: Mukhyamantri Saur Krushi Vahini Yojana (Maharashtra) * SCOD is basis the Scheduled Commissioning Date as per PPA; actual commissioning date is likely to be prior to SCOD Renewable Energy Generation Quarter Ended Half Year Ended Year Ended No. of Project MWp Locations Sept-26 Sept-25 Sept-26 Sept-25 Mar-26 (kWh in Millions) (kWh in Millions) (kWh in Millions) (kWh in Millions) (kWh in Millions) MSKVY Phase-I 19 135.8 38.77 19.08 93.35 29.38 125.98 MSKVY Phase-II 15 58.6 17.60 - 33.64 - 4.40 Karnataka- I 14 34.2 0.97 0.93 2.36 2.16 46.92 Open Access Solar 7 19.2 6.58 - 11.74 - 9.35 Rooftop Sites 21 5.1 1.49 1.29 3.43 2.97 6.48 Wind Asset 1 1.3 0.49 0.53 1.06 1.15 1.38 Total 77 254.0 65.90 21.83 145.58 35.65 194.50 REL - Financial performance Rs. in Millions Quarter Ended Half Year Ended Year Ended Revenue from operations 30th Sep 2026 30th Sep 2025 30th June 2026 30th Sep 2026 30th Sep 2025 31st Mar 2026 Revenue from EPC & SCA 1,333.9 837.4 717.1 2,051.0 2,444.0 4,517.3 Revenue from Electricity generation 308.4 143.1 384.8 693.1 285.0 895.9 Revenue from Trading in Electricity 260.2 74.8 97.8 358.0 138.6 219.7 Turnover ( inc. misc . sales) 1,903.3 1,055.3 1,199.7 3,103.0 2,871.8 5,637.4 EBITDA 531.0 334.5 406.4 937.4 673.3 1,415.8 Profit After Tax * 190.4 244.0 16.4 206.8 466.1 714.1 Consolidated Particulars As on 30 -09 -2026 As on 31 -03 -2026 Networth 6,326.7 4,112.8 Debt 7,095.5 5,062.8 * PAT/(Loss) includes the share of loss from Energy in Motion 5 EIM - Operational performance Quarter Ended Half Year Ended Since Sales (units) Units Inception 30th Sep 30th June 30th Sep 30th Sep 30th Sep 2026 2026 2025 2026 2025 E-HCV Sales Nos 142 58 70 200 70 477 Charging Network Sales MWh 5,689 3,391 58 9,080 110 Working Swap Stations Nos 8 8 2 8 2 Charging Locations (No. of Chargers) Nos 11 (18) 5 (10) 1 11 (18) 1 Charging Capacity (closing) Mwh/day 549.1 487.7 19.2 549.1 19.2 EIM - Financial performance Quarter Ended Half Year Ended Year Ended Parameter Units 30th Sep 30th Sep 30th June 30th Sep 30th Sep 31st Mar 2026 2025 2026 2026 2025 2026 E-HCV Sales & Battery Packs 1308.5 444.0 352.2 1,660.7 444.0 1,739.6 ₹ millions Charging Network Sales 106.9 1.1 65.3 172.3 2.1 57.9 ₹ millions Total (Including Other sales) 1,417.3 445.8 450.7 1868.0 447.2 1,806.9 ₹ millions PAT / (Loss) -140.7 0.7 -211.3 -352.0 -16.7 -152.9 ₹ millions EIM Network Plan: 15 locations by Dec 26 and 40 by March 27 1 Mumbai · JNPA · Pune Operating-3, Upcoming- 10 2 NCR · Jaipur Operating-5, Upcoming-7 3 Mundra. Kandla. Ahmedabad Operating-3, Upcoming-4 4 Ahmedabad · Mumbai Upcoming-6 Other Routes Operating-2, Upcoming-2 Heavy Duty Commercial Vehicle Assembly Complex Inaugurated by Maharashtra CM Devendra Fadnavis at Ambi, Talegaon (Pune) — 14 October 2026 Inauguration highlights • Inaugurated by Honorable CM of Maharashtra Shree Devendra Fadnavis in august presence of Shree Sharad Pawar and Dy CM Smt. Sunetra Pawar • Less than ₹ 100 crore capex. Land and buildings outsourced. Built in just under a year • Integrated site: truck assembly- 5,000 vehicles / shift a year, a 2.4 GWh Li-ion battery-pack line, and an independent battery testing lab • Developing most ancillaries in Pune to Dharwad automobile cluster First Assembled Truck Rollout from Plant First truck assembled in-house from KD parts — rolled out 30 October 2026 On 30 October 2026, our factory rolled out its first truck fully assembled in- house from knocked-down (KD) parts. The build proves out our local assembly line and team — the first unit of regular plant production. Thank You HEAVY MOBILITY REIMAGINED