Raama Finance Board Approves ₹200 Cr Borrowing Limit Hike

Raama Finance Limited's Board of Directors met on July 09, 2026, and approved several key proposals. These include enhancing the company's borrowing limits to ₹200 Crores, subject to shareholder approval. The board also approved creating charges on movable and immovable properties to secure borrowings up to ₹200 Crores. Additionally, they sanctioned the issuance of Secured, Redeemable, Non-Convertible Debentures (NCDs) on a private placement basis for an amount not exceeding ₹100 Crores. The adoption of a new Memorandum and Articles of Association was also approved. Furthermore, the appointments of Mr. Akhil Mittal and Mrs. Pratika Sharma as Non-Executive Directors, and Mr. Rohan Mehrotra as an Independent Director, were regularized, pending shareholder approval.