Agi Infra Limited has informed the Exchange regarding Proceedings of Postal Ballot
AGIIL · price
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Awaiting price reaction for this filing.
Agi Infra Limited conducted a Postal Ballot that closed on April 26, 2025, on five special resolutions. The resolutions covered: (1) accepting deposits from public and members, (2) re-appointing Mr. Sukhdev Singh Khinda as Managing Director, (3) re-appointing Mrs. Salwinderjit Kaur as Whole Time Director, (4) increasing borrowing limits under Section 180(1)(c) of the Companies Act, and (5) creating mortgage or charge on company assets under Section 180(1)(a). Voting was carried out through both remote e-voting and physical postal ballot, with NSDL providing the e-voting facility. The company has stated that the final voting results will be shared with the exchanges once the Scrutinizer's report is received.
Shareholders should await the Scrutinizer's report for the actual voting outcome. The resolutions on higher borrowing limits and creation of charges suggest the company may be looking to raise additional debt or secure existing borrowings, which could increase financial leverage.