AN EXTRA-ORDINARY GENERAL MEETING HAS BEEN SCHEDULED ON FRIDAY, NOVEMBER 21, 2025 AT 04:00 P.M THROUGH VC/OAVM
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Ramchandra Leasing & Finance Ltd (BSE: 538540) has called an EGM on November 21, 2025 at 4:00 PM via video conferencing to seek shareholder approval on eight items. Key proposals include changing the company name to 'Raama Finance Limited', shifting the registered office from Gujarat to Delhi, and increasing authorised share capital from Rs. 8.5 crore to Rs. 20 crore. The company plans to issue up to 11.4 crore convertible warrants at Rs. 4.80 each to promoters and 25 non-promoter allottees, raising up to Rs. 54.72 crore for business expansion, intangible assets, and general corporate purposes. The EGM also seeks confirmation of Rajesh Singh Kaira as Managing Director for five years (basic salary Rs. 1.25 lakh/month) and appointment of two independent directors. The promoter holding will drop sharply from 54.93% to 26.69% post-issue, indicating significant dilution of existing promoters while bringing in new non-promoter investors.
Existing shareholders will see substantial dilution as the company's share base is set to expand from 8.11 crore to 19.51 crore shares. Promoter stake will fall from 54.93% to 26.69%, while non-promoter institutional/corporate holdings will rise sharply. The Rs. 54.72 crore fundraise at Rs. 4.80/share is positive for business expansion but the heavy dilution may pressure the stock price. The name change, office shift to Delhi, and new management signal a strategic repositioning of the NBFC.