Ramsons Projects Approves Inter-Corporate Deposit and Boosts Reserve Flexibility

Ramsons Projects Ltd's board convened on April 13, 2026, approving key financial moves including a ₹2.70 crore inter-corporate deposit and the transfer of its Statutory Reserve. The company also confirmed the re-appointment of its secretarial auditors.

Inter-Corporate Deposit Approved

The board sanctioned an unsecured inter-corporate deposit (ICD) of ₹2.70 crore (₹270 lakh) to JSPL Estates Private Limited. The funds are designated for JSPL Estates' general corporate needs.

Statutory Reserve Transferred for Greater Flexibility

In a significant move following its exit from non-banking financial company (NBFC) operations, Ramsons Projects Ltd's Statutory Reserve, previously held under Section 45-IC, was approved for transfer to its General Reserves. This action enhances the company's financial flexibility for future strategic initiatives.

Auditor Re-appointment

M/s. K.K. Singh & Associates were re-appointed as the Secretarial Auditors for the Financial Year 2025-26, ensuring ongoing statutory compliance.

Background: Shifting Business Focus

This shift in reserves is part of Ramsons Projects Ltd's broader strategic pivot. The company voluntarily surrendered its NBFC Certificate of Registration on September 17, 2025, after receiving approval from the Reserve Bank of India (RBI). This marked a decisive move away from lending and investment activities to concentrate on its core real estate and infrastructure development business.

Key Risks to Monitor

Investors should note two primary risks associated with the inter-corporate deposit. Firstly, the ₹2.70 crore deposit to JSPL Estates Private Limited is unsecured, meaning Ramsons Projects Ltd has no collateral backing it in case of borrower default. Secondly, the specific agreement for this ICD with JSPL Estates has not yet been executed, indicating the transaction is still in preliminary stages.

Difficulty in Peer Comparisons

Direct comparison of this inter-corporate deposit transaction is difficult. JSPL Estates is a private entity, and Ramsons Projects Ltd has recently transitioned from its NBFC business. While Ramsons Projects Ltd now operates in the real estate sector with a market capitalization around ₹28.8 crore, its former financial services peers like Libord Finance and India Nivesh are less relevant post-NBFC exit.

What to Track Next

Key developments to monitor include the final execution of the ICD agreement between Ramsons Projects Limited and JSPL Estates Private Limited. Investors will also want to track JSPL Estates' utilization of the funds and Ramsons Projects' management of this deposit, alongside any future announcements concerning the company's real estate and infrastructure projects.