Ramsons Projects Limited has successfully concluded its journey as a Non-Banking Financial Company (NBFC) and is set to embark on a new path in the real estate sector. The company recently received approval from the Reserve Bank of India (RBI) to surrender its NBFC license, marking a significant shift in its business strategy.

RBI Approval and License Surrender

The Reserve Bank of India has accepted Ramsons Projects' voluntary surrender of its Certificate of Registration (CoR) as an NBFC. This approval came through an email dated September 19, 2025, under Section 45-IA of the Reserve Bank of India Act, 1934. The company had initiated this process earlier in March 2025, demonstrating a planned transition in its business model.

Historical Context

Ramsons Projects' journey as an NBFC began on May 15, 1998, when it was issued the Certificate of Registration No. 14.00774. This certificate remained valid until September 19, 2025, spanning over two and a half decades of operations in the financial sector.

Business Transition

With the surrender of its NBFC license, Ramsons Projects will cease its primary activities of granting loans and undertaking investments. The company has announced its decision to pivot its principal business activity from NBFC operations to the Real Estate sector.

Regulatory Compliance

In compliance with regulatory requirements, Ramsons Projects has duly informed the BSE Limited about this development. The company's Company Secretary and Compliance Officer, Ashwarya Maheshwari, submitted the intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Impact and Future Outlook

This strategic shift is expected to have a significant impact on Ramsons Projects' business model and operations. By transitioning from financial services to real estate, the company is positioning itself to capitalize on opportunities in the property market. Stakeholders will be keen to observe how this change affects the company's financial performance and market position in the coming quarters.

As Ramsons Projects embarks on this new chapter, the real estate industry and investors will be watching closely to see how the company leverages its experience and resources in this new sector.

Ramsons Projects has reported a significant increase in profit for the first quarter, primarily driven by a substantial rise in other income.

Financial Highlights

• Profit After Tax: Rs 306.58 crore, up from Rs 12.44 crore in the same quarter last year
• Total Income: Rs 380.48 crore
• Other Income: Rs 365.24 crore
• Revenue from Operations: Rs 15.24 crore
• Earnings Per Share (EPS): Rs 10.20, compared to Rs 0.41 in the previous quarter

Balance Sheet Strength

The company's balance sheet showed notable changes:

• Total Assets: Increased to Rs 1,682.82 crore from Rs 1,335.61 crore
• Cash and Cash Equivalents: Decreased to Rs 871.66 crore from Rs 1,099.40 crore
• Investments: Significantly increased to Rs 549.86 crore from Rs 49.29 crore

Operational Performance

Ramsons Projects, which operates primarily in financing activities, has chosen to publish standalone financial results. The company's revenue from operations remained modest at Rs 15.24 crore, while the bulk of its income came from other sources, totaling Rs 365.24 crore.

Segment-wise Performance

The company reported segment-wise revenue as follows:

Management Commentary

The Board of Directors of Ramsons Projects approved these unaudited financial results in their meeting. The meeting commenced at 12:10 P.M. and concluded at 01:00 P.M.

Auditor's Review

NVM & Company, Chartered Accountants, conducted a limited review of the financial results. They stated that nothing has come to their attention that causes them to believe that the accompanying statement of unaudited financial results does not disclose the information required to be disclosed or that it contains any material misstatement.

The substantial increase in other income and investments suggests a shift in the company's financial strategy, which may impact its future performance and direction in the financing sector.