In reference to the captioned subject, kindly find annexed herewith the Outcome of 31st Annual General Meeting of the Company held on Thursday, June 19, 2025 conducted through Video Conferencing. ....
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Ramsons Projects Ltd held its 31st Annual General Meeting on June 19, 2025, via video conferencing, attended by 37 shareholders holding 16,73,227 shares. The shareholders approved the audited financial statements for FY ending March 31, 2025, and passed several key resolutions including the re-appointment of Mr. Rakesh Arora (Non-Executive Director), regularization and appointment of Mr. Yogesh Kumar Sachdeva as Managing Director, and appointment of Mr. Verinder Kumar Bathla as Independent Director. Importantly, shareholders approved a major change in the company's main business objects — shifting from Non-Banking Financial Company (NBFC) activities to real estate and infrastructure development, subject to RBI approval. The company also adopted new sets of Memorandum and Articles of Association in line with the Companies Act, 2013. Voting results from e-voting will be submitted to BSE within the prescribed timeline.
The shift from NBFC operations to real estate and infrastructure development marks a significant strategic pivot for the company, though it remains subject to RBI approval. Investors should watch for the voting results and any further clarification on the new business direction, as this could materially change the company's revenue profile and risk characteristics.