5043412026-09-235043412026-09-232026-09-235043412026-09-232026-09-23AmalgamatedEntityDomain15043412026-09-23AmalgamatedEntityDomain15043412026-09-232026-09-23AmalgamatedEntityDomain25043412026-09-23AmalgamatedEntityDomain2xbrli:purexbrli:shares504341Ravindra Energy LimitedRELTDNOTLISTEDINE206N01018NewAmalgamation/ Mergertrue2026-09-2316:15:002026-09-23Energy In Motion LimitedTransferorOthersa company jointly controlled by Ravindra Energy Limited and J M Baxi GroupAs 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 Million1083447130.988312749450.011700109619658100000000Ravindra Energy LimitedTransfereeListed Entity (self)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 As on March 31, 2026 Total Assets: INR 11,188.69 Million Turnover: INR 5,637.36 Million Net worth: INR 4,117.72 Million1156734970.5826828884060.41740019856190312341761100.7454799882660.2546003141643761falsetrueThe Transferee Company holds 49.54% of the share capital of the Transferor Company. In consideration of the amalgamation of the Transferor Company with the Transferee Company, the Transferee Company shall, without any further application, act, consent, instrument or deed, issue and allot, on a proportionate basis to each shareholder of the Transferor Company (other than the Transferee Company itself), whose name is recorded in the register of members and/ or records of the depository as on the Record Date.true(i) Transferor Company: Energy In Motion Limited 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. The Transferor Company is in the process of shifting its registered office from the state of Karnataka to the state of Maharashtra.. (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).The Board of Directors of Transferor Company and the Transferee 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 organizational capability and leadership to compete successfully in an increasingly competitive industry; 6. expected to enhance operational efficiency, profitability and financial strength of the combined entity, thereby creating sustainable long-term value for all stakeholders; and 7. result in reduction of multiplicity of entities, thereby reducing compliance cost of multiple entities viz., statutory filings, regulatory compliances, labour law / establishment related compliance. The merger scheme is therefore in the interest of the shareholders, creditors and all other stakeholders of the companies and is not prejudicial to their interests or the public at large. Shares209:100the share swap ratio is : 2.09 : 1. 209 equity shares of Ravindra Energy Limited for every 100 equity shares of Energy In Motion LimitedNAThe transaction would fall within related party transactions, as the Transferee Company holds 49.54% of the share capital of the Transferor Company. However, in terms of General Circular No. 30/2014 dated July 17, 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’. Note for shareholding : 1. The above shareholding pattern is on a non-diluted basis. 2. The Company shall ensure that it satisfies the minimum public shareholding requirement prescribed under applicable laws prior to filing with the NCLT.