Ramsons Projects Director's Relative Sells Equity Shares

Ritu Arora, immediate relative of Ramsons Projects' Non-Executive Director Rakesh Kumar Arora, sold 19,615 equity shares through market transactions. The sale reduced her shareholding from 0.76% to 0.19% in the company, as disclosed under insider trading regulations.

Ramsons Projects Limited Changes Internal Auditor and Receives RBI Approval for NBFC License Surrender

Ramsons Projects Limited announced key corporate changes in a revised board meeting outcome dated October 15, 2025. The company accepted the resignation of Internal Auditor Mr. Aman Bajaj, who cited personal circumstances and other commitments preventing him from dedicating sufficient time to company affairs. Mr. Bajaj had initially expressed intent to resign on August 30, 2025, before formally submitting his resignation letter on October 15, 2025. The board simultaneously appointed Mr. Piyush Rampuria, a Chartered Accountant with membership number 466335, as the new Internal Auditor for the period from April 1, 2025, to March 31, 2026. Additionally, the Reserve Bank of India granted approval on September 17, 2025, for the company's voluntary surrender of its Non-Banking Financial Company registration certificate. This approval enables the implementation of 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. The amendments include adopting new business objects focused on real estate development, construction, healthcare services, and trading activities, while updating references from the Companies Act 1956 to the Companies Act 2013.

Ramsons Projects Appoints New Internal Auditor and Receives RBI Approval for NBFC Registration Surrender

Ramsons Projects Limited appointed Mr. Piyush Rampuria as Internal Auditor effective September 1, 2025, replacing Mr. Aman Bajaj who resigned on August 30, 2025, citing preoccupation with other assignments. The Reserve Bank of India approved the company's voluntary surrender of its NBFC registration on September 17, 2025. Following this approval, amendments to the company's Memorandum and Articles of Association, previously approved by shareholders at the Annual General Meeting on June 19, 2025, became effective. The amendments include adoption of new Memorandum and Articles of Association under the Companies Act 2013, with revised main objects focusing on real estate development, construction, healthcare services, and trading activities. The company also changed its Industrial Activity Code in line with the revised objects clause.