Ramsons Projects Limited , a company transitioning from its former NBFC status, has announced robust financial results for the second quarter and half-year ended September 30, 2025. The company's performance reflects significant growth and strategic changes in its business model.

Financial Highlights

Ramsons Projects reported impressive financial figures for the period:

The company's revenue from operations saw a substantial increase, primarily attributed to its real estate operations following the transition from NBFC status.

Transition from NBFC Status

A key development for Ramsons Projects is its voluntary surrender of the NBFC (Non-Banking Financial Company) certificate of registration. The Reserve Bank of India (RBI) approved this surrender on September 17, 2025, marking the company's transition to a non-NBFC entity. This strategic move has resulted in:

1. A shift in the company's primary income source to real estate operations.
2. Changes in financial statement preparation, now following the format applicable to non-NBFC entities.
3. Reclassification of certain income items previously categorized under NBFC operations.

Balance Sheet Strengthening

The company's balance sheet shows significant improvement:

The substantial increase in total assets and cash reserves indicates a strong financial position post the NBFC transition.

Management Remuneration Update

The Board of Directors has approved an annual remuneration of Rs. 18 lakh for Managing Director Yogesh Kumar Sachdeva, effective November 1, 2025. This remuneration is subject to a maximum of 5% of the company's net profits, in accordance with the Companies Act, 2013.

Future Outlook

With its transition from NBFC status and focus on real estate operations, Ramsons Projects Limited appears to be positioning itself for a new phase of growth. The company's strong financial performance in Q2 FY2026 suggests that this strategic shift may be yielding positive results.

Investors and stakeholders will likely be watching closely to see how the company leverages its strengthened financial position and new operational focus in the coming quarters.

Ramsons Projects Limited, a company listed on the Bombay Stock Exchange (BSE: 530925), has announced significant corporate changes and received regulatory approval for its transition away from the Non-Banking Financial Company (NBFC) status.

Changes in Internal Audit Leadership

The company has undergone a change in its internal audit leadership. Mr. Aman Bajaj, who had been serving as the Internal Auditor, submitted his resignation on October 15, 2025. The Board of Directors, at its meeting on the same day, accepted Mr. Bajaj's resignation, which was attributed to personal circumstances and other commitments preventing him from dedicating sufficient time to the company's affairs.

Simultaneously, the Board approved the appointment of Mr. Piyush Rampuria as the new Internal Auditor. Mr. Rampuria, a Chartered Accountant with membership number 466335, brings extensive experience in audit, assurance, and internal control systems to the role. His appointment is effective from October 15, 2025, for the period from April 1, 2025, to March 31, 2026.

RBI Approval for NBFC License Surrender

In a significant development for the company's business structure, Ramsons Projects Limited received approval from the Reserve Bank of India (RBI) for the voluntary surrender of its Non-Banking Financial Company registration certificate. The RBI's approval, dated September 17, 2025, paves the way for implementing amendments to the company's Memorandum and Articles of Association that were previously approved by shareholders at the Annual General Meeting held on June 19, 2025.

Amendments to Memorandum of Association

Following the RBI's approval, the company has adopted a new set of Memorandum of Association (MoA) and Articles of Association (AoA) in accordance with the Companies Act, 2013. The main objects clause in the MoA has been significantly altered to reflect the company's new business focus. The key changes include:

1. Expansion into real estate development and construction
2. Involvement in infrastructure projects
3. Manufacturing and trading of building materials
4. Potential entry into healthcare services
5. Engagement in import-export and trading activities

These amendments signal a strategic shift in the company's business model, moving away from its previous NBFC operations towards a more diversified portfolio centered on real estate and infrastructure development.

Corporate Governance and Compliance

The company has emphasized its commitment to corporate governance and regulatory compliance throughout this transition process. The Board meeting that approved these changes was held on October 15, 2025, from 4:30 PM to 6:00 PM, with the company promptly filing the revised outcome to address an inadvertent clerical error in the initial filing.

Ramsons Projects Limited's move to surrender its NBFC license and diversify its business activities represents a significant strategic shift. Investors and stakeholders will likely be watching closely to see how the company executes its new business plans in the real estate and infrastructure sectors.

Note: This article is based on the corporate announcement made by Ramsons Projects Limited and does not constitute financial advice. Investors should conduct their own research and consult with financial advisors before making investment decisions.