Ramky Infrastructure Limited has informed the Exchange about General Updates
RAMKY · price
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Ramky Infrastructure has issued a postal ballot notice seeking shareholder approval to extend the tenure of an Inter Corporate Deposit (ICD) of around INR 305-350 Crores (the document cites both figures) taken from Ardha Holding Private Limited, a promoter group company, by three more years from January 31, 2026 to January 30, 2029. The ICD was originally availed in 2019 during a period of financial stress and was made interest-free in 2020; it is secured by the company's fixed and current assets. Along with the tenure extension, the company is also seeking shareholder approval to waive a condition requiring the pledge of shares of its Special Purpose Vehicles (SPVs) in favour of the lender. No fresh borrowings are being raised. Remote e-voting runs from January 8, 2026 to February 6, 2026, with results to be announced by February 10, 2026. Promoter group members will not be eligible to vote on this resolution.
Shareholders are being asked to approve a material change in terms of a related-party loan from the promoter group, signalling continued reliance on this funding source rather than market borrowings or fresh equity. Promoter group shareholders cannot vote on this resolution, so the outcome will depend on non-promoter institutional and retail holders.