Raama Finance Limited has secured a term loan of INR 5.00 Cr from Mufin Green Finance Limited to support its onward lending activities. The agreement was executed on July 22, 2026, and the signed copy was received by the company on July 23, 2026. The loan is secured against the company's receivables and a pledge of shares by its promoters.

The disclosure was made to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing confirms that the transaction is not a related party transaction and was conducted at arm's length.

Key Terms of the Agreement

The loan agreement includes specific covenants requiring prior approval from Mufin Green Finance Limited for significant corporate actions. These include changes in the business structure, mergers, acquisitions, restructuring, and material changes in management. Additionally, the lender's approval is needed for transactions outside the ordinary course of business, management arrangements where operations are managed by a third party, amendments to the Memorandum of Association (MOA) and Articles of Association (AOA) excluding increases in authorized capital, and the winding up of the company.

Financial and Security Details

The total amount granted under the term loan is INR 5.00 Cr, which is also the current outstanding amount. The loan is secured through an exclusive charge on present and future receivables, net of financial charges, NPA, and other charges, up to 120% of the outstanding loan principal. Furthermore, there is an exclusive charge by way of hypothecation on the borrower's receivables up to 1.20 times the facility amount.

Promoters Akhil Mittal and Pratika Sharma have provided a pledge of shares equivalent to 2.5 times the loan value to further secure the facility.

Raama Finance Limited has initiated a remote e-voting process seeking shareholder approval to raise its borrowing limits to ₹200 crore and issue secured, redeemable Non-Convertible Debentures (NCDs) worth up to ₹100 crore. The voting period commenced on July 11, 2026, and will conclude on August 09, 2026, with results expected to be declared on or before August 11, 2026. These measures are intended to augment the company's long-term resources and support lending operations.

The board, at its meeting held on July 09, 2026, approved the enhancement of borrowing powers under Section 180(1)(c) of the Companies Act, 2013. The proposal includes authorizing the creation of mortgages and hypothecations on movable and immovable properties up to the enhanced limit to secure existing and future borrowings. The company has engaged National Securities Depository Limited (NSDL) to facilitate the electronic voting process.

Key Resolutions

The proposed NCDs will be issued in one or more tranches over a period of one year from the date of the resolution. Specific tenor, coupon rates, and redemption terms will be determined by the board based on market conditions at the time of issuance. The instruments will remain unlisted on any stock exchange. Proceeds from the issue are earmarked for business purposes, including lending activities, refinancing of existing liabilities, and general corporate purposes.

Governance matters form a significant part of the postal ballot, with the company seeking approval for the adoption of a new set of Memorandum of Association and Articles of Association to align with the Companies Act, 2013. Additionally, the notice includes resolutions for the regularisation of Mr. Akhil Mittal and Mrs. Pratika Sharma as Non-Executive Directors, and the confirmation of Mr. Rohan Mehrotra as an Independent Director for a term of five years effective February 13, 2026. Mr. Chandan Kumar Jha has been appointed as the scrutinizer for the process.