Revised Outcome of Board 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 has filed a revised outcome of its October 15, 2025 board meeting. The Reserve Bank of India has approved the company's voluntary surrender of its NBFC (Non-Banking Financial Company) registration, dated September 17, 2025, allowing amendments to the MoA and AoA to take effect. The company's main objects have been radically altered to focus on real estate development, construction, infrastructure, trading, granite/mining, hospitals, and medical research, effectively exiting the financial services business. Internal Auditor Mr. Aman Bajaj (CA) resigned citing personal reasons, and Mr. Piyush Rampuria (CA, Membership No. 466335) was appointed as the new Internal Auditor for FY 2025-26 (April 1, 2025 to March 31, 2026). A separate letter clarifies to BSE that an inadvertent clerical error caused the revision, with no actual delay in intimation.
This is a major strategic pivot for the company — moving from NBFC operations to real estate, construction, and infrastructure businesses. Shareholders should note the complete exit from the financial services business and the expansion into diverse new sectors, which could significantly change the company's risk profile and future revenue mix. The auditor change is routine.