Announced Tue, 23 Jun · 16:15 IST
Board approves doubling of borrowing limits, hikes director pay
Credit & Debt View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+0.4%1-day move
₹101.60
prior close
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base price
After-mkt
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AI summary
Board approved doubling of borrowing limit from Rs.100 Cr to Rs.200 Cr, plus similar hikes in loan and investment limits under Sections 185 and 186. Approved material related party transactions with three foreign entities - Athena Media Technologies, PK Expert Solutions and Aventuro Advisory. Raised monthly pay of four executive directors from Rs.2 lakh to Rs.5 lakh. All items need shareholder approval via postal ballot.
Likely market impact
Larger debt headroom may signal fresh borrowings; 2.5x pay hike for directors and large related party deals warrant shareholder scrutiny.