Ramky Infrastructure Limited — Important, 23-12-2024: General Updates

Ramky Infrastructure Limited received a warning letter from the National Stock Exchange regarding non-compliance with the regulations governing its Risk Management Committee. It was noted that the gap between two consecutive meetings exceeded the permitted 180 days, with meetings held on August 10, 2023, and February 12, 2024. This lapse is viewed seriously by the exchange, prompting the company to exercise greater caution and implement corrective measures to prevent recurrence. The company must disseminate this warning letter on the relevant stock exchanges and report the corrective actions to its Board of Directors. This situation underscores the importance of adhering to governance norms and maintaining effective risk management practices. Investors should monitor the company’s response to ensure compliance and mitigate potential risks.