Ramasigns Industries Limited , formerly known as Rammaica India Limited, has recently made a partial payment towards its outstanding non-convertible debentures (NCDs). This move demonstrates the company's commitment to meeting its financial obligations, albeit partially, in the current economic climate.

Payment Details

The company has made a part payment of ₹18,84,000 towards both interest and principal on its unsecured redeemable NCDs. These NCDs were issued on a private placement basis and are listed on the BSE Debt Segment. Here are the key details of the payment:

Regulatory Compliance

In adherence to the Securities and Exchange Board of India (SEBI) listing regulations, Ramasigns Industries Limited promptly informed BSE Limited about this payment. This disclosure aligns with Regulations 30 and 57(1) of SEBI's Listing Obligations and Disclosure Requirements.

Company Background

Ramasigns Industries Limited, operating under the CIN L36100MH1981PLC024162, has its registered office in Mumbai, Maharashtra. The company's move to make a partial payment on its NCDs reflects its ongoing efforts to manage its debt obligations.

While the partial nature of the payment may raise questions about the company's current financial position, it also demonstrates a proactive approach to addressing its liabilities. Investors and market watchers will likely keep a close eye on Ramasigns Industries' future financial moves and its ability to meet upcoming obligations.

As always, stakeholders are advised to consider the broader financial context and consult with financial advisors before making any investment decisions based on this development.

Ramasigns Industries Limited , a company listed on the Indian stock market, has announced a significant change in its board composition. Sunanda Prashaant Shah has tendered her resignation from her position as an Independent Director of the company, effective immediately.

Reasons for Resignation

According to the resignation letter submitted by Shah, the primary reasons for her departure are:

1. Preoccupation with other commitments
2. Inability to dedicate adequate time to the company's affairs

Shah emphasized that there are no other material reasons for her resignation beyond those mentioned above.

Gratitude and Well Wishes

In her resignation letter, Shah expressed her gratitude to the Board of Directors and the entire management team for their support during her tenure as an Independent Director. She also conveyed her wholehearted wishes for the continued success and prosperity of Ramasigns Industries Limited.

Additional Details

The resignation letter was addressed to the Board of Directors at the company's registered office in Goregaon (West), Mumbai. Shah's correspondence address is listed as Plot No. 419, Ann Villa Society, N.P. Thakkar Road, Vile Parle (East), Mumbai - 400057.

Other Directorships

Importantly, Shah confirmed that she does not hold any other directorships in any companies or board committees. This information was explicitly stated in the directorship details section of her resignation letter, where 'NIL' was entered for all fields.

Next Steps

The company is expected to acknowledge the receipt of Shah's resignation letter and submit the necessary forms with the office of the Registrar of Companies to update their records.

This development marks a change in the governance structure of Ramasigns Industries Limited. The company may now begin the process of identifying and appointing a new Independent Director to fill the vacancy left by Shah's departure.