The Board has considered all agendas as per notice and deferred one agenda for tomorrow 29/10/2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board approved changing the company's name to 'RAAMA FINANCE LIMITED' and shifting its registered office from Gujarat to Delhi, along with the corporate office from Mumbai to Delhi. It approved acquiring an additional 11.28% stake in Gamma Rotors Limited (a drone/UAV company) from a related party at Rs 42.57 per share, raising total holding to 16.83%. The board also approved increasing authorised share capital from Rs 8.5 crore to Rs 20 crore and a preferential issue of up to 11.4 crore convertible warrants at Rs 4.80 each (premium of Rs 3.80), mobilising up to Rs 54.72 crore from 27 allottees including promoter Akhil Mittal. An EGM has been called for November 21, 2025 to seek shareholder approval. The CFO Mrs. Urja Jain resigned and was replaced by Mr. Suman Bhattarai, and Mrs. Reena Sharma was appointed as an Independent Director. One agenda item was deferred to October 29, 2025.
This is a major restructuring — the company is rebranding, relocating to Delhi, raising fresh capital via warrants (potential dilution of around 36%), and diversifying into the drone business through a related-party investment. Shareholders should watch for the EGM outcome on November 21, 2025, as the preferential allotment will significantly expand the share base and change the promoter shareholding pattern.