Ravindra Energy Limited announced that at its board of directors meeting held on August 3, 2018, approved the appointment of Mr. Narendra Murkumbi as an Additional Director and Vice Chairman to hold office from the date of this meeting up to the date of next annual general meeting of the company. Further, the company hereby affirms that Mr. Narendra Murkumbi is not debarred from holding the office of director by virtue of any SEBI order or any other such authority. He co-founded Shree Renuka Sugars Limited.

The company announced unaudited standalone financial results for the first quarter ended June 30, 2018. For the quarter, on standalone basis, the company reported total revenue of INR 249.26 million against INR 326.22 million for the same period a year ago. Profit before exceptional items and tax was INR 11.03 million against INR 102.17 million for the same period a year ago. Profit before tax was INR 11.03 million against INR 102.17 million for the same period a year ago. Net profit after tax was INR 7.31 million against profit of INR 68.38 million for the same period a year ago. Total comprehensive income was INR 7.31 million against profit of INR 68.38 million for the same period a year ago. Basic and diluted profit per share was INR 0.06 per share against earnings of INR 0.58 per share for the same period a year ago.