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, ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ramsons Projects Ltd's board, meeting on October 15, 2025 (4:30 PM to 6:00 PM), approved three key items. First, it accepted the resignation of internal auditor Mr. Aman Bajaj (effective August 30, 2025) due to his pre-occupation with other assignments, and appointed Mr. Piyush Rampuria (Chartered Accountant, Membership No. 466335) as the new internal auditor from September 1, 2025 to March 31, 2026, extendable for subsequent years. Second, the RBI has approved (order dated September 17, 2025) the company's voluntary surrender of its NBFC Certificate of Registration, fulfilling the condition precedent set at the June 19, 2025 AGM. Third, with the RBI approval secured, the board adopted a new Memorandum of Association with a completely revised Main Objects clause and a new set of Articles of Association, and updated its Industrial Activity Code accordingly.
This is a significant strategic pivot — Ramsons Projects is exiting the NBFC business entirely and repositioning itself as a diversified real estate, construction, infrastructure, and healthcare company. While surrendering the NBFC licence removes RBI regulatory burden on that segment, it also ends any NBFC-related revenue. The very wide new objects clause gives management substantial flexibility to enter new business lines, which could support growth but also dilutes focus. Shareholders should view this as a fundamental change in business direction rather than a routine housekeeping update.