Ramchandra Leasing & Finance Reports Robust Asset Growth in Q2 FY26

Ramchandra Leasing & Finance Limited (RLFL) has reported a significant increase in its total assets for the quarter and half-year ended September 30, 2025. The company's Board of Directors approved the standalone unaudited financial results on November 14, 2025, revealing notable growth in key financial metrics.

Asset Growth and Liquidity Improvement

RLFL's total assets saw a substantial rise, increasing to ₹1,324.53 crore as of September 30, 2025, from ₹638.00 crore reported on March 31, 2025. This represents a remarkable growth of approximately 107.6% over a six-month period.

A significant contributor to this growth was the company's cash and cash equivalents, which surged to ₹231.98 crore from ₹17.00 crore during the same period. This substantial increase in liquid assets indicates a strong improvement in the company's liquidity position.

Financial Results Overview

Metric	As of Sept 30, 2025	As of March 31, 2025	Change (%)
Total Assets	1,324.53	638.00	107.60
Cash and Cash Equivalents	231.98	17.00	1,264.59

*All figures in ₹ crore

Corporate Developments

In addition to the financial results, RLFL's Board of Directors approved the shifting of the company's corporate office from Mumbai, Maharashtra to Noida, Uttar Pradesh. This strategic move may impact the company's operations and accessibility.

Audit Review

The financial results were subjected to a limited review by the company's statutory auditors, Goyal Nagpal & Co., Chartered Accountants. The auditors expressed an unmodified opinion on the financial statements, indicating that the results fairly represent the company's financial position in accordance with the applicable accounting standards.

Segment Information

RLFL continues to operate in a single reportable segment: Financial Services (Including NBFC). This focus allows the company to concentrate its efforts on its core competencies in the financial sector.

The substantial growth in assets and improved liquidity position could potentially strengthen Ramchandra Leasing & Finance's market standing in the financial services sector. However, investors and stakeholders should continue to monitor the company's performance in the coming quarters to assess the sustainability of this growth trajectory.

Ramchandra Leasing & Finance Limited , a Non-Banking Financial Company (NBFC), has announced an Extraordinary General Meeting (EGM) scheduled for November 21, 2025, to seek shareholder approval for significant corporate restructuring initiatives and a substantial warrant issue.

Proposed Corporate Actions

The company has outlined several key proposals for shareholder consideration:

Name Change: The company plans to rebrand itself as 'Raama Finance Limited', subject to regulatory approvals.
Registered Office Relocation: A proposal to shift the registered office from Gujarat to the National Capital Territory of Delhi.
Increase in Authorized Share Capital: The company aims to expand its authorized share capital from Rs 8.5 crore to Rs 20 crore.
Preferential Issue of Convertible Warrants: A significant issuance of 11.40 crore convertible warrants at Rs 4.80 per warrant, totaling Rs 54.72 crore.

Warrant Issue Details

The proposed warrant issue includes allocations to both promoter and non-promoter entities:

Allottee Category	Number of Warrants	Amount (in Rs crore)
Promoter (Akhil Mittal)	75,00,000	3.60
Promoter Group (DS Family Office Trust)	75,00,000	3.60
Non-Promoters (Various)	9,90,00,000	47.52
Total	11,40,00,000	54.72

Board Composition Changes

The EGM agenda also includes proposals for board composition changes:

Appointment of Reena Sharma and Vimal Dwivedi as Independent Directors.
Confirmation of Rajesh Singh Kaira's appointment as Managing Director.

Management Commentary

The company, recently acquired by Akhil Mittal and Pratika Sharma, plans to utilize the proceeds from the warrant issue for business expansion and general corporate purposes. This move aligns with the company's strategy to strengthen its position in the NBFC sector.

Regulatory Compliance

The EGM notice emphasizes compliance with various regulatory requirements, including those set by the Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI). The company has appointed CS Chandan Jha as the scrutinizer for the EGM proceedings.

Shareholder Participation

Shareholders can participate in the EGM through video conferencing or other audio-visual means, with remote e-voting facilities available from November 18 to November 20, 2025. The company has provided detailed instructions for e-voting and virtual meeting attendance in the EGM notice.

These proposed changes mark a significant phase in Ramchandra Leasing & Finance Limited's corporate journey, potentially reshaping its market presence and operational structure in the financial services sector.