Ramchandra Leasing & Finance Limited has officially completed its corporate name change to RAAMA Finance Limited, marking a significant milestone in the company's corporate restructuring. The Registrar of Companies under the Ministry of Corporate Affairs issued the Fresh Certificate of Incorporation on March 13, 2026, formally approving the name change.

Regulatory Compliance and Timeline

The company informed BSE Limited about the completion of the name change process on March 14, 2026, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The comprehensive approval process involved multiple regulatory checkpoints:

Pre-approval Requirements

Before filing the application with the Registrar of Companies, RAAMA Finance Limited had secured necessary approvals from key regulatory bodies. The company obtained clearances from both the stock exchange and the Reserve Bank of India, ensuring compliance with all applicable regulations for financial services companies.

Next Steps and Stock Exchange Updates

The newly renamed RAAMA Finance Limited will now make the requisite application to BSE Limited for obtaining final approval for the name change in the stock exchange records. This process will involve updating the scrip name and making consequential changes to other trading records.

Corporate Information

Compliance Officer Details

Dhiraj Kumar Jha, serving as Company Secretary & Compliance Officer, signed the notification to BSE Limited. The company maintains its registered office at Rudra Plaza Complex in Vadodara, Gujarat, while operating its corporate office from Noida, Uttar Pradesh.

As per regulatory requirements, the company will display both the old and new names for a period of two years at all places where the company name is required to be displayed under Section 12 of the Companies Act.

Ramchandra leasing & finance Limited has secured a significant regulatory milestone with BSE Limited granting in-principle approval for its convertible warrants issue. The approval, received on March 09, 2026, paves the way for the company to raise capital through the preferential allotment route.

Warrant Issue Details

The BSE approval covers the issuance of 11,40,00,000 convertible warrants with specific terms and conditions:

Regulatory Framework and Compliance

The approval comes with comprehensive compliance requirements under multiple regulatory frameworks. BSE has mandated strict adherence to provisions of the Companies Act 2013, Securities Contracts Regulation Act 1956, SEBI Act 1992, and the Depositories Act 1996. Additionally, the company must comply with Chapter V of SEBI ICDR Regulations 2018 and SEBI LODR Regulations 2015.

The exchange has emphasized the need for strengthened internal controls to monitor trading activities by proposed allottees. Key compliance measures include:

• Obtaining undertakings from allottees confirming no intra-day trading until allotment
• Verification responsibilities rest solely with the issuer company
• Non-compliance may impact listing of shares post-allotment

Post-Approval Process

Following the in-principle approval, Ramchandra Leasing & Finance must complete several critical steps. The company is required to make a listing application within twenty days from the date of allotment, as specified in SEBI circular dated June 21, 2023. Non-compliance with this timeline will attract penalties as mentioned in the regulatory circular.

The approval specifically notes that it should not be construed as approval for listing of the securities, requiring separate compliance for listing requirements. BSE reserves the right to withdraw the approval if any information is found incomplete, incorrect, or misleading.

Next Steps and Timeline

The company will now undertake necessary steps for allotment of the warrants in accordance with applicable SEBI regulations, subject to receipt of requisite consideration from proposed allottees. The approval enables the company to proceed with its capital raising plans through the preferential route, providing flexibility in its funding strategy.

The regulatory approval represents a positive development for the company's capital structure planning and provides a pathway for potential equity conversion based on the warrant holders' decisions during the conversion period.