Raama Finance Ltd Board Meeting Set for July 9, 2026; Plans Include Enhancing Borrowing Limits and Issuing Secured NCDs
Raama Finance Ltd has scheduled a meeting of its Board of Directors on Thursday, July 09, 2026. The meeting is set to address several key operational and financial enhancements for the company, including increasing borrowing capacity and approving the issuance of new debt instruments.Among the primary business items slated for discussion is the enhancement of the company's borrowing limits. The Board will consider and approve increasing these limits up to Rs. 200 Crores under Section 180(1)(c) of the Companies Act, 2013.
Furthermore, the agenda includes considering and approving the issuance of Secured Non-Convertible Debentures (NCDs). The company plans a private placement basis for these NCDs, with an approved limit of Rs. 25 Crores.
To support this capital raising effort, the Board meeting is also scheduled to consider and approve the Notice of Postal Ballot. This ballot is designed to seek shareholders' approval regarding the proposed issuance of the NCDs on a private placement basis and other related matters.
The company, formerly known as Ramchandra Leasing & Finance Limited, is set to move forward with these strategic financial expansions following the Board meeting.
Stock Price Movement
Raama Finance Ltd settled at ₹17.87 today, registering a loss of 1.97% as markets closed. The shares remained completely locked in price throughout the trading session, as both the high and low traded identically at ₹17.87.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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