Ramchandra Leasing & Finance Ltd Corrects Clerical Error in EGM Explanatory Statement

1 min read Updated on 09 Feb 2026, 03:03 PM

Reviewed by

Naman SScanX News Team

Overview

Ramchandra Leasing & Finance Ltd corrected a clerical error in its November 21, 2025 EGM explanatory statement, filing the correction on February 09, 2026. The error involved warrant allotment details for four allottees, with Akhil Mittal receiving the largest allocation of 75,00,000 warrants. The company confirmed that the error does not affect the approved resolutions or shareholder interests, with no change in warrant issue price.

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Ramchandra Leasing & Finance Ltd has filed a correction notice with BSE Limited regarding a clerical error identified in the explanatory statement of its Extraordinary General Meeting (EGM) held on November 21, 2025. The disclosure was made on February 09, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Error Details and Correction

The company identified an inadvertent clerical and typographical error in the explanatory statement that formed part of the EGM notice. The relevant date for the correction was specified as October 21, 2025. The error pertained to the presentation of pre-preferential and post-holding details of warrant allottees.

Warrant Allotment Details

The corrected information shows the shareholding pattern for four allottees involved in the warrant allotment:

Allottee Name:	Pre-Pref Holding	Warrants to be Allotted	Post Holding	Post Holding %
Akhil Mittal:	2,22,89,981	75,00,000	2,97,89,981	15.26%
Madhur Bansal:	100	35,00,000	35,00,100	1.79%
Ridhima Agrawal:	9,000	22,50,000	22,59,000	1.16%
Bhupinder Singh:	47,204	10,00,000	10,47,204	0.54%

Impact Assessment

The company emphasized that the clerical error does not impact the substance of the resolutions passed at the EGM. All resolutions were duly approved by shareholders with the requisite majority, and the error does not affect shareholder interests in any manner. Additionally, there is no change in the issue price of the warrants.

Akhil Mittal Increases Shareholding in Ramchandra Leasing & Finance to 27.17% Through Inter-Se Transfer

1 min read Updated on 16 Jan 2026, 11:00 AM

Reviewed by

Jubin VScanX News Team

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Overview

Akhil Mittal, a promoter of Ramchandra Leasing & Finance Limited, acquired 2,72,500 additional equity shares through inter-se transfer on January 13, 2026, increasing his shareholding from 26.84% to 27.17%. The transaction was conducted under a Share Purchase Agreement dated November 29, 2024, and disclosed in compliance with SEBI regulations. Following the acquisition, Mittal's total holding stands at 2,20,54,981 shares in the BSE-listed financial services company.

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Promoter Akhil Mittal has increased his stake in Ramchandra Leasing & Finance Limited through the acquisition of additional equity shares. The transaction was disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 on January 15, 2026.

Transaction Details

The acquisition involved 2,72,500 equity shares, representing 0.33% of the company's total share capital. The shares were acquired through an inter-se transfer mechanism on January 13, 2026, in compliance with a Share Purchase Agreement dated November 29, 2024.

Parameter:	Details
Shares Acquired:	2,72,500
Acquisition Percentage:	0.33%
Transaction Date:	January 13, 2026
Mode of Acquisition:	Inter-Se Transfer
Agreement Reference:	Share Purchase Agreement dated November 29, 2024

Shareholding Pattern Changes

Prior to this transaction, Akhil Mittal held 2,17,82,481 shares, representing 26.84% of the company's voting capital. Following the acquisition, his total shareholding increased to 2,20,54,981 shares, constituting 27.17% of the total voting capital.

Shareholding Details:	Before Acquisition	After Acquisition	Change
Number of Shares:	2,17,82,481	2,20,54,981	+2,72,500
Percentage Holding:	26.84%	27.17%	+0.33%
Voting Rights:	26.84%	27.17%	+0.33%

Regulatory Compliance

The disclosure confirms that no shares were held under encumbrance, and no voting rights were acquired through instruments other than equity shares. The transaction did not involve any warrants, convertible securities, or other instruments that would entitle the acquirer to receive additional voting rights in the company. The formal disclosure was digitally signed by Akhil Mittal and submitted to both BSE Limited and the company's management on January 15, 2026.

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