RLF Ltd — Important, 17-06-2026: Company Update

RLF Limited's board has approved converting outstanding unsecured loans from its Promoter Group (Aditya Khanna and Ashish Khanna) into equity. This involves issuing up to 13 lakh new shares at Rs. 10.50 each, settling a loan of ₹1.365 Cr. This move will increase the Promoter Group's total shareholding from 34.68% to 42.44%. The board also adopted new Articles of Association. These actions, subject to shareholder approval at an upcoming Extra-Ordinary General Meeting, aim to strengthen the company's balance sheet by reducing debt and reflect strong promoter commitment.