Outcome of EGM dated 21.11.2025
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Awaiting price reaction for this filing.
Ramchandra Leasing & Finance Ltd held its 1st Extraordinary General Meeting for FY 2025-26 on November 21, 2025 via video conferencing, lasting only 25 minutes (4:00 PM to 4:25 PM). A total of 51 members attended, chaired by Managing Director Mr. Rajesh Singh Kaira. Eight resolutions were put to vote, including a change of the company's name, shifting of the registered office from Gujarat to Delhi, an increase in authorised share capital, amendment to the Articles of Association, and a sizeable preferential issue of 11,40,00,000 (11.4 crore) convertible warrants. Two new independent directors, Mrs. Reena Sharma and Mr. Vimal Dwivedi, were also proposed for appointment, along with confirmation of Mr. Kaira as Managing Director. Voting was conducted electronically through NSDL, with results to be declared later via the scrutinizer's report.
The proposal to issue 11.4 crore convertible warrants points to a potentially large equity dilution for existing shareholders, while the proposed name change and relocation of the registered office from Gujarat to Delhi suggest a strategic restructuring or repositioning of the business. Retail investors should track the scrutinizer's report for the final voting outcome, as the warrant issue and capital expansion could materially affect shareholding structure.