Ramsons Projects Ltd — Board Meeting, 22-05-2025: Board Meeting

Ramsons Projects Limited has announced a board meeting approving the financial results for the quarter and financial year ended March 31, 2025. The company reported a profit after tax of ₹271.26 lakh on total income of ₹366.29 lakh, driven by higher interest income and gains from sale of fixed deposits. Other comprehensive income recorded a gain of ₹3.84 lakh. The board approved amendments to the Memorandum and Articles of Association, removing NBFC-related clauses, subject to shareholder approval, reflecting a strategic shift away from NBFC operations following RBI registration surrender in March 2025. An independent director, Mr. Verinder Bathla, has been appointed for five years from September 2025, pending shareholder approval. The audit report expressed an unmodified opinion with no major concerns on financial controls or compliance.