Ramky Infrastructure Limited has informed the Exchange regarding Notice of Postal Ballot
RAMKY · price
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Awaiting price reaction for this filing.
Ramky Infrastructure is seeking shareholder approval to extend an interest-free Inter Corporate Deposit (ICD) of Rs 305 crore (originally Rs 350 crore taken in 2019) from Ardha Holding Private Limited, a promoter group entity that holds 4.82% in the company. The extension is for 3 years, from 31 January 2026 to 30 January 2029, with no fresh borrowings being availed. The ICD is secured against the company's unencumbered fixed assets, movable assets, current and non-current assets. The company is also seeking approval to waive the condition requiring pledge of shares of its Special Purpose Vehicles (SPVs) in favour of the lender. E-voting runs from 8 January 2026 to 6 February 2026, with results to be announced by 10 February 2026. Promoters and promoter group members are barred from voting on this resolution.
This is a related party transaction extending interest-free funding from a promoter group entity, giving the company financial flexibility but raising governance concerns since promoters cannot vote on it. The waiver of the SPV share pledge condition removes a security layer, which investors should monitor closely.