Ramchandra Leasing & Finance Ltd has clarified a previous announcement regarding regulatory approval.

The company specified that 'Change in shareholding / management' should be correctly interpreted as 'acquisition of shareholding/ control' of the company.

This update provides precision on the type of transaction.

It's important to note that the regulatory approval for this change in management, now defined as acquisition of shareholding/control, is still pending.

The company will notify the exchange once this crucial approval is granted, impacting potential shifts in company control.