Ramky Infrastructure Limited has informed the Exchange regarding Outcome of Board Meeting held on March 21, 2026.
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Ramky Infrastructure's board, at its meeting on March 21, 2026, approved three key items. First, it gave omnibus approval for related party transactions for FY 2026-27. Second, it approved pledging 51% of its equity in Srinagar Banihal Expressway Limited (SBEL) as a sponsor shortfall undertaking, subject to SBEL directors' approval. Third, it cleared a postal ballot notice to seek shareholder approval for material related party transactions and for pledging 51% equity in subsidiary Mallannasagar Water Supply Limited (MWSL), creating a charge on an unsecured loan given to MWSL, and providing a corporate guarantee for MWSL's proposed loan from lenders.
The company is pledging equity and extending corporate guarantees to support loans for its subsidiaries and a project SPV, which increases contingent liability exposure but also signals active project financing. Shareholders will get to vote on these material related party commitments via postal ballot, so retail investors should watch for the voting outcome before the resolution deadline.