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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Awaiting price reaction for this filing.
Ramsons Projects Ltd held its 31st AGM on June 19, 2025 via video conferencing, lasting just 18 minutes (12:00 PM to 12:18 PM). 37 shareholders holding 16,73,227 shares participated. All 8 agenda items were passed, including adoption of FY25 audited financial statements, re-appointment of Rakesh Arora, regularization and re-appointment of Yogesh Kumar Sachdeva as Managing Director, and induction of Verinder Kumar Bathla as a new Independent Director. The most significant resolution was changing the company's main business objective from operating as a Non-Banking Financial Company (NBFC) to real estate and infrastructure development, subject to RBI approval. New Memorandum and Articles of Association were also adopted to align with the Companies Act, 2013.
The pivot from NBFC to real estate and infrastructure is a material business change that could reshape the company's future direction and revenue mix, but it hinges on RBI approval. Shareholders should watch the e-voting results and any subsequent RBI communication, as this shift could significantly re-rate the stock.