Raama Finance board to consider Rs 25 Cr NCD issue and raise borrowing limit to Rs 200 Cr
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Raama Finance has informed BSE that its Board will meet on July 09, 2026 to consider key proposals. First, enhance borrowing limits up to Rs 200 Crores under Section 180(1)(c) of the Companies Act. Second, approve issuance of Secured Non-Convertible Debentures (NCDs) on private placement basis up to Rs 25 Crores. Third, approve a Postal Ballot notice seeking shareholder approval for the NCD issuance. The company is an RBI-registered NBFC based in Vadodara with a corporate office in Noida.
Potential dilution of debt profile for NBFC; NCD issuance may increase leverage but fund growth. Await terms, coupon, and use of proceeds.