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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The Board of Directors of Ramsons Projects Ltd, at its meeting on October 15, 2025, approved three key items. First, Mr. Aman Bajaj resigned as Internal Auditor, and Mr. Piyush Rampuria was appointed as the new Internal Auditor effective September 1, 2025 through March 31, 2026. Second, the Reserve Bank of India granted approval (dated September 17, 2025) for the company's voluntary surrender of its Certificate of Registration as a Non-Banking Financial Company (NBFC). Third, following this RBI approval, the company's amended Memorandum and Articles of Association have become effective, with the main objects clause now covering real estate development, construction and infrastructure, building materials manufacturing, trading and import/export, hospitals and healthcare, medical research, and nutritional supplements. The Industrial Activity Code will also be updated accordingly.
This marks a strategic pivot for Ramsons Projects — exiting the NBFC financial services business and refocusing on diversified activities such as real estate, construction, healthcare, and trading. For shareholders, this signals a major change in the company's business direction and may reshape its revenue profile going forward, though execution risk in new sectors should be monitored.