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.

Ramchandra Leasing & Finance Limited has authorized two Key Managerial Personnel (KMP) to determine materiality of events and make regulatory disclosures to stock exchanges under SEBI LODR Regulation 30(5). The authorization was communicated to the Bombay Stock Exchange on February 16, 2026.

Authorized Personnel Details

The company has designated two senior executives with the authority to assess materiality and make disclosures under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015.

Regulatory Compliance Framework

This authorization aligns with SEBI LODR Regulation 30(5), which requires listed companies to designate specific personnel for determining the materiality of events or information. The designated KMPs will be responsible for making timely disclosures to stock exchanges when material events occur.

Corporate Information

Ramchandra Leasing & Finance Limited operates under CIN L65910GJ1993PLC018912 and trades on the Bombay Stock Exchange with script code 538540 and symbol RLFL. The company maintains its registered office at Rudra Plaza Complex, Dandia Bazar Main Road, Vadodara, and corporate office at Sector 6, Noida, Uttar Pradesh.

Communication Channels

Both authorized personnel are based at the corporate office in Noida and can be reached through their designated email addresses and mobile numbers for any regulatory communication requirements. The authorization ensures streamlined compliance with disclosure obligations under the SEBI regulatory framework.