Ramchandra Leasing Finance Holds EGM for Major Corporate Restructuring
Ramchandra Leasing & Finance Limited (RLFL) conducted an Extra-Ordinary General Meeting on November 21, 2025, presenting eight crucial resolutions. These included changing the company name, shifting the registered office from Gujarat to Delhi, increasing authorized share capital, amending Articles of Association, issuing 11,40,00,000 convertible warrants, appointing new independent directors, and confirming the Managing Director. The meeting, held via video conferencing, saw participation from 51 public shareholders. E-voting results and the Scrutinizer's Report are pending announcement.
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Ramchandra Leasing & Finance Limited (RLFL) conducted its Extra-Ordinary General Meeting (EGM) on November 21, 2025, addressing significant corporate restructuring matters that could potentially reshape the company's future operations and structure.
Key Resolutions
The EGM, held via video conferencing, presented eight crucial resolutions for shareholder consideration:
| Resolution | Type | Description |
|---|---|---|
| 1 | Special | Change of Company Name |
| 2 | Special | Shifting Registered Office from Gujarat to Delhi |
| 3 | Ordinary | Increase in Authorized Share Capital and Memorandum of Association Alteration |
| 4 | Special | Amendment to Articles of Association for Further Issue of Securities |
| 5 | Special | Preferential Issue of 11,40,00,000 Convertible Warrants |
| 6 | Special | Appointment of Mrs. Reena Sharma as Independent Director |
| 7 | Special | Appointment of Mr. Vimal Dwivedi as Independent Director |
| 8 | Ordinary | Confirmation of Mr. Rajesh Singh Kaira as Director and Managing Director |
Meeting Details
The EGM, chaired by Managing Director Mr. Rajesh Singh Kaira, commenced at 4:00 PM and concluded at 4:25 PM. It was conducted in compliance with the circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India (SEBI).
Attendance and Voting
A total of 51 public shareholders participated in the meeting, with 11 attending in person and 40 through video conferencing. The company provided remote e-voting facilities from November 18 to November 20, 2025, and additional e-voting options during the meeting for those who hadn't cast their votes earlier.
Scrutiny and Results
Mr. Chandan Kumar Jha of M/s. Chandan J & Associates, Practicing Company Secretaries, was appointed as the Scrutinizer to oversee the e-voting process. The company announced that the e-voting results, along with the consolidated Scrutinizer's Report, would be communicated to the Stock Exchanges and posted on the websites of NSDL and the Stock Exchanges.
Implications
The resolutions presented at this EGM, if approved, could lead to significant changes in RLFL's corporate identity, operational base, and capital structure. The proposed name change and office relocation might signal a strategic shift in the company's focus or market positioning. Meanwhile, the increase in authorized share capital and the substantial preferential issue of convertible warrants suggest plans for expansion or major financial restructuring.
Investors and stakeholders will be keenly awaiting the voting results, as the outcomes of these resolutions could have far-reaching implications for the company's future direction and performance.
