Raama Finance Limited shareholders have approved seven key resolutions through a postal ballot process conducted via remote e-voting, clearing the path for the company to issue secured non-convertible debentures (NCDs) and enhance its borrowing capacity. The voting window closed on August 9, 2026, with the scrutinizer’s report confirming that all proposals received the requisite majority support from members holding shares as of the record date on July 3, 2026.

The approvals are significant for the company’s capital structure and governance framework. Shareholders authorized the issuance of secured, redeemable NCDs on a private placement basis, a move that will provide Raama Finance with additional funding avenues. Concurrently, the board sought and received approval to enhance borrowing limits pursuant to Section 180(1)(c) of the Companies Act, 2013, and to create charges on both present and future movable and immovable properties under Section 180(1)(a). These structural changes aim to streamline the company’s financial operations and asset management protocols.

Governance and Director Appointments

Beyond financial resolutions, the postal ballot addressed critical governance matters. Members regularized the appointments of Akhil Mittal and Pratika Sharma as Non-Executive Directors. Additionally, shareholders confirmed the appointment of Rohan Mehrotra as an Independent Director for a term of five years, effective February 13, 2026. The company also adopted a new set of Memorandum and Articles of Association in compliance with the Companies Act, 2013, ensuring its constitutional documents align with current regulatory standards.

Voting Results Breakdown

The e-voting process was monitored by CS Chandan Jha of Chandan J & Associates, who served as the independent scrutinizer. A total of 45 members cast votes, representing 14,62,84,528 shares out of the 8,11,62,000 shares held by 14,725 shareholders on the record date. The promoter group voted unanimously in favor of all resolutions, while public non-institutional shareholders showed near-unanimous support across all items.

The high level of shareholder consent underscores strong backing for the company’s strategic initiatives and leadership changes. The scrutinizer’s report, dated August 10, 2026, was submitted to the Board, and the results were declared in accordance with Regulation 44 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The detailed voting data is available on the company’s website for further reference.

Raama Finance has accepted the resignation of Suman Bhattarai as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). The departure is effective from the closing of working hours on August 07, 2026. Bhattarai cited personal reasons for stepping down and confirmed there are no other material reasons requiring disclosure in connection with his resignation.

The company notified the BSE Limited on August 08, 2026, pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure also references the circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated July 11, 2023, updated on January 30, 2026.

Bhattarai stated in his resignation letter addressed to the Board of Directors that he would extend full cooperation to ensure a smooth transition of responsibilities. He expressed gratitude to the Board, management, colleagues, auditors, shareholders, and stakeholders for their support during his tenure.

Resignation Details

The filing was signed by Dhiraj Kumar Jha, Company Secretary & Compliance Officer (M. No. F9631), on behalf of Raama Finance Limited. The company, formerly known as Ramchandra Leasing & Finance Limited, holds CIN L65910GJ1993PLC018912 and RBI Registration No 01.00109.