The Board of Directors of the Company at their meeting held today i.e., September 2,2025 have, inter alia considered and approved the following: In compliance with Regulation 30 of the ....
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The Board of Ramchandra Leasing & Finance Ltd approved the allotment of 3,00,00,000 (3 crore) equity shares on a preferential basis at Rs. 2.26 per share, including a premium of Rs. 1.26 over the face value of Re. 1. The total issue size aggregates to Rs. 6.78 crore. The shares were allotted entirely to two individuals — Mr. Akhil Mittal and Ms. Pratika Sharma — who will each receive 1.5 crore shares. Both allottees currently hold no shares in the company and will be reclassified as 'Promoter' upon completion of an open offer. Post-allotment, each will hold 18.48% of the expanded equity base, giving them a combined 36.96% stake.
Existing public shareholders will face significant equity dilution of nearly 37% as the promoter group expands, though the company receives a capital infusion of Rs. 6.78 crore. The arrival of new promoters via open offer could change the strategic direction of the small-cap NBFC.