Neorise Technologies FZCO (Neorise) is a wholly owned subsidiary of RattanIndia Enterprises, incorporated in Dubai on 27 December, 2021. The primary business of Neorise includes management consultancies, project management services and investment in commercial enterprises and management. The company will inject additional funds into Neorise, increasing its equity from AED 1 million to AED 5 million. The investment will be made in one or more tranches, including the conversion of an existing loan of AED 2 million previously granted to Neorise. The fund infusion is subject to compliance with applicable laws in both India and the UAE. The exact price for the subscription of shares in Neorise will be decided at the time of subscription, based on the valuation of Neorise, subject to the applicable laws in India/U.A.E. The primary reason of investment is to meet the fund requirement of Neorise at no cost. Neorise is in process to commence its business operation in general trading and e-commerce activities. The company currently holds 100% of Neorise's shares and the acquisition process is expected to take 2 to 3 months, pending any statutory approvals. The proposed investment, by way of conversion of loan into shares, fall within related party transactions, as Neorise is a wholly owned subsidiary company and the necessary approval of the Audit committee of REL has been obtained. The proposed investment in Neorise is made at an arms' length basis. The official announcement was made on Saturday, 21 December 2024. Rattanindia Enterprises is primarily engaged in the business of investing in technology-focused new-age businesses, including e-commerce, electric vehicles, fintech and drones, through its group companies. The company reported a consolidated net loss of Rs 241.27 crore in Q2 FY25 as against a net profit of Rs 140.89 crore posted in Q2 FY24. Revenue from operations jumped 11.5% YoY to Rs 1,800.62 crore in the quarter ended 30 September 2024. The scrip slipped 1.63% to Rs 65.60 on the BSE. Powered by Capital Market - Live

The board of directors of RattanIndia Enterprises in its meeting held today has approved to increase the investment of the Company in Neorise Technologies FZCO (Neorise), UAE, a wholly-owned subsidiary company of the Company, in equity from AED 1 million to AED 5 million, in one or more tranches, by way of subscribing new shares, including conversion of the loan of AED 2 million, earlier granted by the Company to Neorise, subject to the compliance of the applicable laws. Post acquisition of the shares by the Company, Neorise will remain the wholly owned subsidiary company of the Company. Powered by Capital Market - Live

Sequentially, the company's vehicle sales surged by 109%, up from 952 units sold in October 2024. This performance comes amidst a market environment where the electric two-wheeler (E2W) industry witnessed an average sales decline of 18-20% during the same period, as per the Government of India's Vahan Portal data. This surge in sales is largely attributed to the launch of the all-new RV1 and RV1+, affordable and commuter-friendly electric motorcycles tailored for the Indian market. The bikes has received overwhelming consumer interest, with robust pre-orders translating into strong sales figures. These models combine cutting-edge technology with affordability, offering riders a reliable and sustainable alternative to traditional ICE-powered vehicles. Anjali Rattan, Chairperson of RattanIndia Enterprises, said, 'Our performance this month reflects not just the strength of our products but the growing trust of our customers in the Revolt brand.' 'As we scale new heights, our focus remains steadfast on delivering innovative, reliable, and sustainable mobility solutions. With a clear vision for the future, we are committed to driving the electric mobility revolution in India and beyond. Meanwhile, Revolt Motors officially commenced operations in Sri Lanka on 25 November 2024, marking its entry into the international market. The launch has seen an encouraging reception, with substantial pre-orders logged within the first week, reflecting the growing demand for sustainable mobility solutions in South Asia. 'Revolt plans to expand into more international markets in 2025, as part of its mission to establish itself as a global leader in the electric mobility space,' stated in an exchange filing. Revolt Motors has significantly bolstered its presence across the country, operating through 154 dealerships nationwide. The network is set to grow further with 14 new dealerships launching by the end of December 2024, enhancing accessibility to Revolt's offerings across urban and semiurban markets. Rattanindia Enterprises is primarily engaged in the business of investing in technology-focused new-age businesses, including e-commerce, electric vehicles, fintech and drones, through its group companies. The company reported a consolidated net loss of Rs 241.27 crore in Q2 FY25 as against a net profit of Rs 140.89 crore posted in Q2 FY24. Revenue from operations jumped 11.5% YoY to Rs 1,800.62 crore in the quarter ended 30 September 2024. Powered by Capital Market - Live

Revolt Motors has reported an impressive 197% year-on-year growth in vehicle sales and 109% month-on-month (MoM) increase with 1,994 units sold in November 2024, compared to 671 units in November 2023 and 952 units in October 2024. This performance comes amidst a market environment, where the electric two-wheeler (E2W) industry witnessed an average sales decline of 18-20% during the same period, as per Govt. of India's Vahan Portal data. This surge in sales is largely attributed to the launch of the all-new RV1 and RV1+, affordable and commuter-friendly electric motorcycles tailored for the Indian market. The bikes have received overwhelming consumer interest, with robust pre-orders translating into strong sales figures. These models combine cutting-edge technology with affordability, offering riders a reliable and sustainable alternative to traditional ICE-powered vehicles.Powered by Capital Market - Live

Revolt Motors made its debut in Sri Lanka with the launch of its flagship models, the RV400 and RV400 BRZ. With the first dealership already operational at Maradana Road, Colombo, Revolt Motors plans to establish a robust presence across the country by opening additional dealerships in 11 strategic locations, including Kurunegala, Madurankuliya, Matara, Embilipitiya, Elpitiya, Batticaloa, Kirindiwela, Horana, Kelaniya, and Tangalle. Powered by Capital Market - Live

Revolt Motors announced the latest expansion of its dealership network across India. With a network now spanning 153 dealerships and 14 more planned for November in cities such as Hubli (Karnataka), Muzaffarpur (Bihar), Katihar (Bihar), Maheshkhunt (Bihar), Khagaria (Bihar), Nawanshahr (Punjab), Kannauj (UP), Satara (Maharaashtra), Sattur (Tamil Nadu), Mayiladuthurai (Tamil Nadu), Bhilwara (Rajasthan), Warangal (Telangana), Balasore (Odhisa), and Bulandshahr (Uttar Pradesh).Powered by Capital Market - Live

Net loss of RattanIndia Enterprises reported to Rs 241.27 crore in the quarter ended September 2024 as against net profit of Rs 140.89 crore during the previous quarter ended September 2023. Sales rose 11.52% to Rs 1800.62 crore in the quarter ended September 2024 as against Rs 1614.66 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1800.621614.66 12 OPM %-13.1613.74 - PBDT-266.49196.59 PL PBT-270.25192.24 PL NP-241.27140.89 PL Powered by Capital Market - Live

RattanIndia Entrps. will hold a meeting of the Board of Directors of the Company on 12 November 2024Powered by Capital Market - Live

Akzo Nobel India Ltd, Cipla Ltd, Anant Raj Ltd and Rainbow Childrens Medicare Ltd are among the other gainers in the BSE's 'A' group today, 31 October 2024.RattanIndia Enterprises Ltd spiked 11.21% to Rs 73.49 at 11:47 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 7.88 lakh shares were traded on the counter so far as against the average daily volumes of 3.25 lakh shares in the past one month. Akzo Nobel India Ltd soared 9.80% to Rs 4175. The stock was the second biggest gainer in 'A' group. On the BSE, 6077 shares were traded on the counter so far as against the average daily volumes of 1625 shares in the past one month. Cipla Ltd surged 9.75% to Rs 1555.65. The stock was the third biggest gainer in 'A' group. On the BSE, 4.56 lakh shares were traded on the counter so far as against the average daily volumes of 41123 shares in the past one month. Anant Raj Ltd advanced 8.10% to Rs 748.95. The stock was the fourth biggest gainer in 'A' group. On the BSE, 1.73 lakh shares were traded on the counter so far as against the average daily volumes of 83674 shares in the past one month. Rainbow Childrens Medicare Ltd jumped 8.03% to Rs 1601.3. The stock was the fifth biggest gainer in 'A' group. On the BSE, 43626 shares were traded on the counter so far as against the average daily volumes of 6829 shares in the past one month. Powered by Capital Market - Live

RattanIndia Enterprises announced the launch of its newest brand, Kaari, through its 100% wholly owned subsidiary Neobrands. 'The Indian consumer has a deep appreciation for the art of traditional textiles, and Kaari is dedicated to bringing this cultural richness to the forefront of contemporary fashion,' said Anjali Rattan, Chairperson of RattanIndia Enterprises. 'Through Kaari, we are not only offering elegant ethnic wear but also reviving and celebrating the intricacies of India's embroideries in a way that makes them accessible to every woman. We are excited to introduce Kaari as part of our commitment to preserving Indian craftsmanship.' Kaari will be exclusively available on the leading e-commerce platform, amazon.in, with prices ranging from INR 999 to INR 1799. Powered by Capital Market - Live