Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors of the Company, at its meeting held on October 15, 2025, ....
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Ramsons Projects Ltd has received RBI approval (dated September 17, 2025) to voluntarily surrender its Certificate of Registration as a Non-Banking Financial Company (NBFC), effectively exiting the financial services business. Following this approval, the company has adopted a new Memorandum of Association that completely redefines its main business activities to focus on real estate development, construction, infrastructure projects, hospitals and medical services, and trading. The Board also noted the resignation of Internal Auditor Mr. Aman Bajaj (citing personal reasons and pre-occupation with other assignments) and appointed Mr. Piyush Rampuria, Chartered Accountant, as the new Internal Auditor for the period April 1, 2025 to March 31, 2026. New Articles of Association have been adopted, and the Industrial Activity Code is being updated to align with the new objects clause. This filing is a revised version correcting inadvertent clerical errors in the original October 15, 2025 announcement.
This is a significant strategic transformation - the company is exiting the NBFC business entirely and repositioning itself in real estate, construction, infrastructure, and healthcare sectors. Shareholders should view this as a major change in the company's business identity, and the stock may react to the new growth direction. Investors should watch for further updates on how the new business objects will be pursued and any related fundraising or project announcements.