In compliance with the Regulation 34(1) of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 and other regulations, as attracted and applicable, please find enclosed ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.6 pts more than Nifty Microcap 250 and 5.2 pts more than its Residential, Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Ramsons Projects Limited has filed its 31st Annual Report for FY2024-25 with BSE in compliance with SEBI LODR Regulation 34(1). Revenue from operations nearly doubled to Rs. 106.49 lakhs from Rs. 53.49 lakhs in FY24, while profit after tax stood at Rs. 271.26 lakhs versus Rs. 322.05 lakhs in the previous year. The company is undergoing a major strategic shift: it has applied to RBI to surrender its NBFC license and plans to pivot to the real estate sector, including sale of Transferable Development Rights (TDR) certificates linked to its land in Gurugram and the execution of a gift deed transferring certain development rights. Leadership saw significant churn — Yogesh Sachdeva replaced Sunil Sachdeva as Managing Director in November 2024, and both the CFO and Company Secretary were replaced in March 2025. No dividend was declared. The statutory audit report is clean with no qualifications, though the secretarial auditor flagged delayed filings and a missing prior RBI approval for the MD appointment, which the company has since rectified. The 31st AGM is scheduled for June 19, 2025.
The shift from NBFC to real estate is a major strategic change that shareholders should monitor closely, particularly the monetisation of land and TDR assets. Although revenue from operations grew sharply, absolute numbers remain very small, and the stock could react to further clarity on the real estate execution plan.