Ravindra Energy takes ₹100 crore Tata Capital term loan at 12.75%
- Agreement
- Renewable energy
Reviewed byKeshav SehgalBlacklitt Research
Ravindra Energy (NSE: RELTD) has executed a loan agreement with Tata Capital Limited for a rupee term loan of up to ₹100 crore at 12.75% a year, it said in a filing on 06 Nov 2026. The loan is to be used to make unsecured loans to Energy In Motion Limited, a jointly controlled entity, or its subsidiaries.
Key highlights
- :Principal amount: up to ₹100 crore
- Interest rate: 12.75% a year, payable monthly, floating
- Loan agreement executed on 05 Nov 2026
- Security: promoter guarantees and pledge of promoter shares
The loan in numbers
| Item | Detail |
|---|---|
| Lender | Tata Capital Limited |
| Borrower | Ravindra Energy Limited |
| Facility | Rupee term loan, principal up to ₹100 crore |
| Interest rate | 12.75% a year, payable monthly, floating |
| Date of agreement | 05 Nov 2026 |
| Use of proceeds | Unsecured loan infusion into Energy In Motion Limited or its subsidiaries |
Terms and security of the facility
The facility is secured by a first pari passu charge on the company's movable fixed assets and current assets, except those with an exclusive charge held by existing lenders. It also has a first pari passu charge on cash flows upstreamed from project SPVs, including subsidy receipts from PM KUSUM projects and top-up debt raised at SPV level.
A first exclusive charge covers the unsecured loan the company infuses into Energy In Motion Limited from the proceeds. Mr. Narendra Murkumbi, a promoter, has given an unconditional and irrevocable personal guarantee, and Khandepar Investments Private Limited, a promoter entity, has given an unconditional and irrevocable corporate guarantee. The promoter's shareholding in the company is pledged at 1x cover of the outstanding facility amount.
Lender rights and related party status
Under the agreement, Tata Capital Limited may appoint its nominee to the company's board if an event of default occurs and while it continues. The company says Tata Capital is not related to any promoter, promoter group or group company.
The filing says the loan's use is an infusion into Energy In Motion Limited, a jointly controlled entity, so the company is the borrower here, not the lender.
What the loan means for Ravindra Energy's shareholders
The filing does not say how much has been drawn, the tenure or repayment schedule, how much of the loan will go into Energy In Motion Limited, or why the company is borrowing beyond the stated use.
The filing does not give the effect of the loan on the company's finances or results.
Filed with BSE on . Reference: Original filing (PDF)
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