RattanIndia Power announced that REC, holding 0.001% Redeemable Preference Shares (RPS) of Rs 28.72 crore in the Company, has filed an application against the Company, under Section 7 of IBC Code. The RPS were issued, in favour of REC, on 27 December 2019.The Company strongly disputes the eligibility and entitlement of REC to seek the initiation of proceedings against it, under the IBC Code and will accordingly, be pursuing the legal remedies in the matter, available under the law.Powered by Capital Market - Live News

Rattanindia Power has appointed Gaurav Toshkhani as Company Secretary (CS) and Key Managerial Personnel of the Company with immediate effect in place of Lalit Narayan Mathpati who has resigned from the said office with effect from the closing business hours of 09 April 2024.Powered by Capital Market - Live News

The Board of Rattanindia Power at its meeting held on 09 April 2024 has appointed Manish Ratnakar Chitnis as Chief Financial Officer and Key Managerial Personnel of the Company with effect from 09 April 2024. Powered by Capital Market - Live News

Rattanindia Power announced that Ankur Mitra, Chief Financial Officer (CFO) and Key Managerial Personnel of the Company resigned with effect from 09 April 2024. Powered by Capital Market - Live News

Net Loss of Rattanindia Power reported to Rs 586.97 crore in the quarter ended December 2023 as against net loss of Rs 479.76 crore during the previous quarter ended December 2022. Sales declined 5.10% to Rs 806.38 crore in the quarter ended December 2023 as against Rs 849.72 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales806.38849.72 -5 OPM %21.2923.29 - PBDT-465.88-376.78 -24 PBT-572.00-479.76 -19 NP-586.97-479.76 -22 Powered by Capital Market - Live News