The Board of Directors of the Company, at its meeting held on October 15, 2025, considered and approved the following matters: 1. Accepted the resignation of Mr. Aman Bajaj, Chartered ....
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The Board of Ramsons Projects Ltd, at its meeting on October 15, 2025, approved three key matters. First, Mr. Aman Bajaj resigned as Internal Auditor due to pre-occupation with other assignments, and Mr. Piyush Rampuria (Chartered Accountant) was appointed as the new Internal Auditor from September 1, 2025 to March 31, 2026. Second, the Reserve Bank of India granted approval on September 17, 2025 for the voluntary surrender of the company's Certificate of Registration as a Non-Banking Financial Company (NBFC), effectively exiting the NBFC business. Third, the company adopted a completely overhauled Memorandum and Articles of Association, replacing its NBFC-focused objects with a wide-ranging new mandate covering real estate development, construction and infrastructure, building materials, granite/stone mining, trading and import-export, and hospitals, healthcare and medical research.
This is a fundamental business transformation — the company is exiting the NBFC sector and repositioning itself across real estate, construction, infrastructure, trading, and healthcare, which could materially reshape its revenue mix and risk profile. For shareholders, the short-term direction is unclear as no financial guidance has been provided, but the diversification could open new growth avenues. The internal auditor change is routine and unlikely to affect stock price on its own.