Raama Finance Limited has submitted a Postal Ballot Notice to BSE Limited seeking shareholder approval for seven special business items through remote e-voting. The notice was issued pursuant to Regulations 30 and 44 of SEBI Listing Regulations and Section 110 of the Companies Act, 2013.

Key Resolutions for Shareholder Approval:

Item 1: Enhancement of Borrowing Limits

  • Special Resolution to enhance borrowing limits under Section 180(1)(c) of Companies Act, 2013
  • Proposed borrowing limit: ₹200,00,00,000 (Rupees Two Hundred Crores)
  • This exceeds the aggregate of paid-up share capital, free reserves and securities premium
  • Excludes temporary loans from bankers in ordinary course of business

Item 2: Creation of Charges on Assets

  • Special Resolution to create charges on movable/immovable properties under Section 180(1)(a)
  • Security can be created on present and future assets
  • Total secured amount cannot exceed ₹200 crore borrowing limit
  • Covers charges, mortgages, hypothecations, pledges for banks, FIs, NBFCs, lenders

Item 3: Issuance of Non-Convertible Debentures

  • Special Resolution for secured, redeemable NCDs on private placement basis
  • Aggregate amount: ₹100,00,00,000 (Rupees One Hundred Crores)
  • To be issued in one or more tranches within one year from resolution date
  • Proceeds for business operations, lending activities, refinancing, working capital
  • Unlisted securities with terms determined by Board
  • Requires appointment of Debenture Trustee

Item 4: Adoption of New Memorandum and Articles of Association

  • Special Resolution to adopt new MOA and AOA aligned with Companies Act 2013
  • Authorized capital remains ₹20 crore divided into 20 crore equity shares of Re. 1 each
  • Removal of "Other Objects" clause no longer applicable under new Act
  • Liability clause updated to reflect limited liability provisions

Item 5: Regularization of Mr. Akhil Mittal

  • Ordinary Resolution for regularization as Non-Executive Director
  • DIN: 09675098
  • Appointed as Additional Director effective January 3, 2026
  • Liable to retire by rotation

Item 6: Regularization of Mrs. Pratika Sharma

  • Ordinary Resolution for regularization as Non-Executive Director
  • DIN: 10194439
  • Appointed as Additional Director effective January 3, 2026
  • Liable to retire by rotation

Item 7: Confirmation of Mr. Rohan Mehrotra

  • Special Resolution for confirmation as Independent Director
  • DIN: 09073372
  • Appointed as Additional Director (Independent) effective February 13, 2026
  • Term: 5 years from February 13, 2026
  • Not liable to retire by rotation

Voting Details:

  • Remote e-voting period: July 11, 2026 (9:00 AM IST) to August 9, 2026 (5:00 PM IST)
  • Cut-off date for voting rights: July 3, 2026
  • Results declaration: On or before August 11, 2026
  • Scrutinizer: Mr. Chandan Kumar Jha, Practicing Company Secretary
  • E-voting service provider: National Securities Depository Limited (NSDL)

Document Availability:

  • Postal Ballot Notice available at www.raamafinance.com
  • Notice sent only electronically to members with registered email addresses