Board Meeting22 Sept 2026, 07:20 pm
Raama Finance Approves NCD Allotment & Equity Share Issuance
AI Summary
Raama Finance Ltd's Board of Directors has approved the allotment of Unlisted, Unrated, Secured, Redeemable, Non-Convertible Debentures (NCDs) Series A, aggregating to ₹4.61 Crores. Additionally, the company approved the allotment of 97,00,000 Equity Shares upon conversion of warrants, raising ₹3.49 Crores. The Board also approved the relinquishment of Mr. Rajesh Singh Kaira as Managing Director and his redesignation as Non-Executive, Non-Independent Director. A corrigendum regarding the Debenture Trustee's name was also issued.
Key Highlights
- Approved allotment of NCDs worth ₹4.61 Crores.
- Allotted 97 Lakh Equity Shares upon warrant conversion, raising ₹3.49 Crores.
- Managing Director relinquishes post; redesignated as Non-Executive Director.
- Corrected Debenture Trustee name to CTL Trusteeship Limited.
Price Impact
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