Raama Finance Allots 1.01 Cr Equity Shares on Warrant Conversion

Raama Finance Ltd announced that its Board of Directors, in a meeting held on October 29, 2026, approved the allotment of 1,01,50,000 equity shares. These shares were issued upon the conversion of an equivalent number of warrants previously allotted on a preferential basis. The total consideration received for these shares amounts to ₹4,87,20,000 (₹4.80 per warrant). The newly allotted shares will rank pari-passu with existing equity shares and are subject to applicable lock-in requirements. This allotment increases the company's paid-up equity share capital to 10,10,12,000 shares from 9,08,62,000 shares. Additionally, the Board approved the appointment of M/s. Kumar Gaurav & Co. as Statutory Auditors to fill a casual vacancy.