Ramky Infra seeks shareholder nod to extend Inter Corporate Deposit by 3 years
Ramky Infrastructure seeks shareholder approval to extend an Inter Corporate Deposit (ICD) of ₹305 Crores from Ardha Holding Private Limited by three years, from January 31, 2026, to January 30, 2029. E-voting period: January 8 to February 6, 2026. Company also seeks approval to waive share pledge conditions.
The extension of an ICD, especially from a related party, is a material event for the company's financial operations and project continuity. It impacts the company's debt structure and financial obligations.
The announcement is a routine procedural update seeking shareholder approval for a related party transaction (extension of ICD tenure). While it aims to ensure funding continuity, it does not present significant positive or negative financial developments.
Ramky Infrastructure Limited has announced a postal ballot notice seeking shareholders' approval to extend the tenure of an Inter Corporate Deposit (ICD) from Ardha Holding Private Limited by three years, effective from January 31, 2026, to January 30, 2029. The company originally borrowed ₹305 Crores via ICD from Ardha Holding Private Limited, a member of the promoter group, to manage financial stress.
The decision to extend the tenure is aimed at ensuring continuity of funding for ongoing and proposed projects. The Audit Committee and the Board of Directors, in their meeting on November 13, 2025, approved this extension, subject to shareholder consent. The company is also seeking authorization to negotiate the waiver of the condition to pledge Special Purpose Vehicle (SPV) shares in favor of the ICD lender.
Shareholders will be able to cast their votes remotely via e-voting, which will commence on January 8, 2026, at 09:00 AM (IST) and conclude on February 6, 2026, at 05:00 PM (IST). The cut-off date for determining eligibility to vote was January 2, 2026. The results of the postal ballot are expected to be announced on or before February 10, 2026. The ICD was initially taken in 2019 for ₹350 Crores and was made interest-free in 2020. The security for the ICD includes the company's unencumbered fixed assets, movable plant and machinery, and all other movable and current assets.
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Ramky Infrastructure Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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