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Latest filing: 2026-08-13 19:05
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8 announcements match the current filters (relevance ≥ 5).
₹54.72 Cr Fundraise: Raama Finance Reports Zero Deviation in Warrant Proceeds Utilization
Raama Finance has confirmed zero deviation in the utilization of funds raised through a preferential issue of warrants for the quarter ended June 30, 2026. The company has received and fully utilized ₹13.68 Cr, representing the initial 25% of the total ₹54.72 Cr issue size. This capital infusion is highly significant, representing approximately 188% of the company's net worth (₹29 Cr) and 36% of its market capitalization. The funds are designated for business expansion, intangible assets, and general corporate purposes.
Confidence: HIGH
What changedThe company has formally reported to the exchange that the first tranche of its major capital raise is being utilized strictly according to the objects approved by shareholders.
Why it mattersFor a micro-cap NBFC with a small revenue base, a ₹54.72 Cr capital injection is transformative and provides the necessary leverage to significantly scale its loan portfolio and operations.
Total Issue Size: ₹54.72 CrAmount Raised to Date: ₹13.68 CrIssue Price per Warrant: ₹4.80Fundraise vs Net Worth: 188.7%Fundraise vs Market Cap: 36.7%
📅 Short termThe confirmation of disciplined fund usage is a positive signal for transparency, likely supporting the recent upward momentum in the stock.
📈 Long termIf the company successfully deploys the full ₹54.72 Cr into high-yield lending assets, it could lead to a structural re-rating of its earnings profile over the next 2-3 years.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Execution risk in scaling the loan book
- Equity dilution upon full conversion of warrants
- High P/E ratio of 48.7
Key Highlights
Total preferential issue size of ₹54.72 Cr approved at an issue price of ₹4.80 per warrant.
Initial 25% of the issue size, amounting to ₹13.68 Cr, was received on March 17, 2026.
Audit Committee confirmed 100% utilization of the received ₹13.68 Cr with zero deviation from stated objects.
The total fundraise amount is nearly 4.5x the company's TTM revenue of ₹12.13 Cr.
Objects of the issue include business expansion and capital expenditure towards intangible assets.
👀 What to Watch
Investors should monitor the company's quarterly interest income and AUM growth to see how effectively this new capital is being deployed into the lending book.
Raama Finance Appoints Mr. Manish as CFO and Key Managerial Personnel
Raama Finance Ltd has appointed Mr. Manish as Chief Financial Officer (CFO) effective August 13, 2026. The appointee brings over 8 years of experience in finance, accounting, and NBFC operations, which is critical as the company scales from a low base. This management addition follows a significant jump in annual revenue from ₹0.38 Cr in FY25 to ₹12.13 Cr in FY26. The new CFO will oversee financial reporting, statutory audits, and regulatory compliance.
Confidence: HIGH
What changedThe company has filled the critical Key Managerial Personnel (KMP) position of Chief Financial Officer to lead its finance and accounting functions.
Why it mattersFor a micro-cap NBFC that has recently seen a sharp increase in revenue and promoter holding, a dedicated CFO is essential for maintaining regulatory compliance and managing the financial complexities of a growing loan book.
Date of appointment: 13.08.2026CFO Experience: Over 8 yearsTTM Revenue: ₹12.13 CrMarket Cap: ₹149 CrPromoter Holding: 54.93%
📅 Short termThe appointment is likely to be viewed as a routine administrative update with minimal immediate impact on the stock price.
📈 Long termStrengthening the management team is a necessary step for the company to institutionalize its operations as it attempts to scale beyond its current micro-cap status.
⚠ Risk flags
- Relatively junior experience level (8 years) for a listed company CFO role
- High valuation (P/E 48.7) relative to small revenue base
Key Highlights
Appointment of Mr. Manish as CFO and Key Managerial Personnel effective August 13, 2026
New CFO brings over 8 years of professional experience in finance and NBFC operations
Company reported a significant revenue increase to ₹12.13 Cr in FY26 compared to ₹0.38 Cr in FY25
Promoter holding has stabilized at 54.93% as of March 2026, up from 11.5% in September 2025
👀 What to Watch
Investors should monitor the consistency and quality of quarterly financial disclosures under the new CFO, especially given the company's recent rapid revenue growth and high P/E ratio of 48.7.
₹21.31 Cr Q1 Revenue: Raama Finance PAT Surges 65% QoQ, Surpassing Full Year FY26
Raama Finance reported a massive scale-up in Q1 FY27, with total revenue reaching ₹21.31 Cr, a 120% increase from ₹9.69 Cr in Q4 FY26. Net profit for the quarter stood at ₹4.35 Cr, which already exceeds the total profit for the entire previous financial year (₹3.24 Cr). The growth is primarily driven by interest income of ₹17.43 Cr, although other expenses remained high at ₹11.89 Cr. This performance represents a significant departure from the company's historical scale, where Q1 FY26 revenue was only ₹0.17 Cr.
Confidence: HIGH
What changedThe company has transitioned from a low-activity entity to a high-growth NBFC, with quarterly revenue and profits now exceeding previous annual totals.
Why it mattersThe significant jump in operational scale suggests a fundamental shift in business volume or capital deployment, potentially re-rating the stock if asset quality remains stable.
Q1 Revenue: ₹21.31 CrQ1 PAT: ₹4.35 CrRevenue vs TTM: 175.7%QoQ PAT Growth: 65.7%Interest Income: ₹17.43 Cr
📅 Short termLikely positive as the market reacts to the massive growth in both top-line and bottom-line figures relative to the company's market cap.
📈 Long termStructural turnaround potential if the company can maintain these margins and scale the loan book without deteriorating asset quality.
⚠ Risk flags
- Unusually high 'Other Expenses' (₹11.89 Cr) relative to revenue
- Extremely high yield implied by interest income vs net worth
- Rapid expansion from a small base
Key Highlights
Total Revenue of ₹21.31 Cr in Q1 FY27, which is 1.76x the total TTM revenue of ₹12.13 Cr
Net Profit of ₹4.35 Cr for the quarter, a 65.7% increase over the ₹2.63 Cr reported in Q4 FY26
Interest income surged to ₹17.43 Cr from ₹8.60 Cr in the previous quarter
Basic EPS for the quarter rose to ₹0.54, compared to ₹0.00 in the year-ago period
Total expenses stood at ₹14.71 Cr, with 'Other Expenses' accounting for ₹11.89 Cr
👀 What to Watch
Monitor the sustainability of these high yields and the quality of the underlying loan book (NPAs), as the company is expanding rapidly from a very small base following a recent change in promoter holding.
Raama Finance Q1 FY27 PAT jumps to ₹4.35 Cr; Revenue exceeds previous full year
Raama Finance reported a massive surge in its Q1 FY27 results, with total revenue reaching ₹21.31 Cr, a significant jump from just ₹0.17 Cr in the same quarter last year. The quarterly revenue alone is approximately 175% of the total revenue generated in the entire previous financial year (FY26: ₹12.13 Cr). Net profit for the quarter stood at ₹4.35 Cr compared to a negligible ₹0.0008 Cr YoY. The company also strengthened its leadership by appointing Mr. Manish Bhati as the Chief Financial Officer.
Confidence: HIGH
What changedThe company has transitioned from a low-revenue base to generating more revenue in a single quarter (₹21.31 Cr) than it did in the entire previous fiscal year (₹12.13 Cr).
Why it mattersThis represents a massive scale-up in operations for a small-cap NBFC (Market Cap ₹149 Cr), potentially indicating a successful pivot or expansion in its lending business.
Q1 FY27 Revenue: ₹21.31 CrQ1 FY27 PAT: ₹4.35 CrQ1 Revenue vs FY26 Annual Revenue: 175.6%Interest Income: ₹17.43 CrBasic EPS: ₹0.54
📅 Short termThe stock is likely to react positively to the sharp turnaround and exponential growth in both top-line and bottom-line figures.
📈 Long termIf the company maintains this quarterly run rate, it could lead to a significant structural re-rating of the business, though the high P/E of 48.7 already factors in high growth expectations.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Sudden and extreme volatility in revenue
- Sustainability of high-interest income
- Small-cap liquidity risks
Key Highlights
Total Revenue from operations surged to ₹21.31 Cr in Q1 FY27 from ₹0.17 Cr in Q1 FY26.
Net Profit for the quarter reached ₹4.35 Cr, surpassing the total FY26 annual profit of ₹3.24 Cr.
Interest Income was the primary driver, contributing ₹17.43 Cr to the total revenue.
Basic Earnings Per Share (EPS) improved significantly to ₹0.54 from ₹0.00 YoY.
Appointment of Mr. Manish Bhati as Chief Financial Officer effective August 13, 2026.
👀 What to Watch
Investors should monitor the sustainability of this sudden revenue spike in upcoming quarters and check for any changes in the loan book or lending segments that triggered this growth.
Raama Finance CFO Mr. Suman Bhattarai Resigns Effective August 07, 2026
Raama Finance Ltd has announced the resignation of its Chief Financial Officer (CFO), Mr. Suman Bhattarai, effective from the close of business on August 07, 2026. This management change occurs as the company scales significantly, with FY26 revenue reaching ₹12.13 Cr compared to just ₹0.38 Cr in FY25. The company, a small NBFC with a market cap of ₹168 Cr, has also seen a major shift in promoter holding from 11.5% to 54.93% over the past year. Investors should monitor the appointment of a successor to ensure continuity in financial oversight during this high-growth phase.
Confidence: HIGH
What changedThe Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), Mr. Suman Bhattarai, has resigned from the company.
Why it mattersFor a micro-cap NBFC undergoing rapid expansion and structural changes (promoter holding shift), the CFO role is vital for managing liquidity, regulatory compliance, and the quality of the loan book.
FY26 Revenue: ₹12.13 CrFY25 Revenue: ₹0.38 CrMarket Capitalization: ₹168 CrPromoter Holding: 54.93%Resignation Effective Date: August 07, 2026
📅 Short termThe market may react with caution to the exit of a Key Managerial Personnel, especially given the stock's high valuation and recent price run-up.
📈 Long termThe long-term impact depends on the company's ability to institutionalize its financial processes and appoint a qualified successor to manage its growing balance sheet.
⚠ Risk flags
- Key Managerial Personnel (KMP) turnover
- High P/E valuation of 54.9
- Rapid scaling from a very low base
Key Highlights
CFO Mr. Suman Bhattarai resigned effective August 07, 2026.
Company reported a massive revenue jump to ₹12.13 Cr in FY26 from ₹0.38 Cr in FY25.
Promoter holding has significantly increased to 54.93% as of March 2026.
The stock has delivered a 330.5% return over the last 12 months.
Current TTM PAT stands at ₹3 Cr with a high P/E ratio of 54.9.
👀 What to Watch
Monitor the company's announcement regarding the appointment of a new CFO and check for any impact on financial reporting timelines or internal controls in upcoming quarterly results.
9.62% Promoter Stake Pledged to Secure Term Loan from Mufin Green Finance
Promoters Akhil Mittal and Pratika Sharma have pledged a combined 78,12,500 shares of Raama Finance Ltd, representing 9.62% of the total share capital. The pledge was created on July 31, 2026, in favor of Mufin Green Finance Limited to secure a term loan taken by the company itself. This indicates the company is leveraging promoter equity to raise debt capital, a significant move for a firm with a TTM revenue of just Rs 12 Cr. Investors should note that while the funds are for the company, the increased encumbrance adds a layer of risk to the promoter holding.
Confidence: HIGH
What changedPromoters have encumbered 9.62% of the company's total equity as collateral for a corporate term loan, marking a shift from zero encumbrance previously reported.
Why it mattersFor a small-cap NBFC with a Rs 157 Cr market cap, securing debt via promoter pledges is a common but risk-sensitive way to fund growth. It signals that the company is actively seeking leverage to expand its operations.
Total Shares Pledged: 78,12,500Percentage of Total Capital: 9.62%Pledge Date: 31.07.2026Promoter Holding (Mar 2026): 54.93%TTM Revenue: Rs 12 Cr
📅 Short termThe stock may see some volatility as the market digests the increase in pledged shares, though the purpose (corporate loan) is generally more acceptable than personal promoter debt.
📈 Long termThe structural impact depends on the company's ability to generate returns from the borrowed capital that exceed the cost of debt and the risks associated with the pledge.
⚠ Risk flags
- Pledge invocation risk if the company defaults on the term loan
- High P/E ratio of 51.3 relative to small revenue base
- Concentration of pledge with a single lender (Mufin Green Finance)
Key Highlights
Total of 78,12,500 shares (9.62% of total capital) pledged by two promoters on July 31, 2026
Pledge created specifically to secure a term loan taken by Raama Finance Ltd from Mufin Green Finance Limited
Individual promoters Akhil Mittal and Pratika Sharma each pledged 39,06,250 shares (4.81% each)
Post-event, the encumbered shares represent approximately 17.5% of the total promoter holding of 54.93%
The company recently saw a massive revenue jump to Rs 9.69 Cr in Mar 2026 from negligible levels in previous quarters
👀 What to Watch
Monitor the company's upcoming quarterly results to see how the new debt capital is being deployed and if it translates into higher interest costs or improved lending book growth.
9.62% Promoter Stake Pledged to Secure Term Loan from Mufin Green Finance
Promoters Akhil Mittal and Pratika Sharma have pledged a combined 78,12,500 shares of Raama Finance Ltd, representing 9.62% of the company's total share capital. The pledge was created on July 31, 2026, in favor of Mufin Green Finance Limited to secure a term loan taken by the company itself. With a total promoter holding of 54.93%, this transaction encumbers approximately 17.5% of the promoters' total stake. This move provides the NBFC with capital for operations but introduces the risk associated with share encumbrance.
Confidence: HIGH
What changedPromoters have encumbered 9.62% of the company's total equity as collateral to secure a term loan for the company's business operations.
Why it mattersFor a small-cap NBFC with a market cap of Rs 157 Cr, securing debt is critical for growth; however, using promoter shares as collateral suggests a high-security requirement from lenders and creates a risk of forced selling if loan covenants are breached.
Total Pledged Shares: 78,12,500% of Total Share Capital: 9.62%% of Promoter Holding Pledged: 17.51%Market Cap: Rs 157 CrTTM Revenue: Rs 12 Cr
📅 Short termThe stock may experience volatility as the market reacts to the increase in promoter pledge, which is often viewed with caution by retail investors.
📈 Long termThe long-term impact depends on the company's ability to generate returns from the borrowed capital that exceed the cost of debt and the risks of share encumbrance.
⚠ Risk flags
- Promoter pledging (9.62% of total equity)
- Risk of invocation if the company defaults on the term loan
- High P/E ratio of 51.3 relative to TTM earnings
Key Highlights
Total of 78,12,500 shares pledged by two promoters on July 31, 2026
Pledged shares represent 9.62% of the company's total share capital
Pledge created in favor of Mufin Green Finance Limited for a term loan taken by the company
Promoter Akhil Mittal pledged 39,06,250 shares (4.81% of total capital)
Promoter Pratika Sharma pledged 39,06,250 shares (4.81% of total capital)
👀 What to Watch
Investors should monitor the company's upcoming quarterly results to see how the new debt capital is being deployed into the loan book and track any further disclosures regarding the specific loan amount or interest terms.
₹5 Cr Term Loan Secured from Mufin Green Finance for Onward Lending
Raama Finance Ltd has entered into a term loan agreement for ₹5.00 crore with Mufin Green Finance Limited to support its onward lending business. The loan is significant for the company, representing approximately 42% of its TTM revenue of ₹12 crore. To secure the facility, promoters Akhil Mittal and Pratika Sharma have agreed to a share pledge equivalent to 2.5 times the loan value. The agreement includes restrictive covenants requiring lender approval for any major structural or management changes.
Confidence: HIGH
What changedRaama Finance has secured a new ₹5 crore debt facility, marking a significant increase in its available capital for lending operations.
Why it mattersFor a micro-cap NBFC with a small revenue base, this infusion provides the necessary liquidity to scale its AUM (Assets Under Management) and potentially grow its interest income significantly.
Loan Amount: ₹5.00 CroreLoan vs TTM Revenue: ~41.7%Loan vs Net Worth: ~17.2%Promoter Pledge Requirement: 2.5x loan valueReceivables Coverage: 120%
📅 Short termThe news is likely to be viewed positively by the market as it demonstrates the company's ability to raise capital for growth despite its small size.
📈 Long termIf the company successfully rotates this capital into high-yielding assets, it could structurally increase its revenue floor; however, the restrictive covenants limit management's flexibility for corporate actions.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- High promoter share pledge (2.5x loan value)
- Restrictive covenants on business restructuring
- Asset-liability management risk if onward lending tenures mismatch the term loan
Key Highlights
Secured a ₹5.00 crore term loan specifically for onward lending purposes.
Promoters to provide a share pledge equivalent to 2.5 times the loan value (approx. ₹12.5 crore).
Exclusive charge on present and future receivables maintained at 120% of the loan principal.
Loan amount represents ~41.7% of the company's TTM revenue of ₹12 crore.
Restrictive covenants require lender consent for mergers, acquisitions, or material management changes.
👀 What to Watch
Investors should monitor the company's quarterly interest income growth to see how effectively this ₹5 crore is deployed into the loan book. Additionally, track the promoter pledge levels as the 2.5x requirement is substantial relative to the loan size.
