The Board has approved the Postal Ballot Notice to be sent to shareholders for increasing the Borrowing limit of the company as per Section 180 (1) (c) and Power of Creation of charge as per Section 180(1)(a) of the Companies Act, 2013 on 15th September 2025. The Postal Ballot Voting is starting from Thursday 18th September 2025, 9:00 A.M. to Friday, 17th October 2025, 5:00 P.M.
ARTNIRMAN · price
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The Board of Art Nirman Limited has approved a Postal Ballot Notice to be sent to shareholders seeking their approval to raise the company's borrowing limit under Section 180(1)(c) of the Companies Act, 2013. The notice also covers the power to create charges on the company's assets under Section 180(1)(a) of the same Act. Shareholders will be able to vote via postal ballot from Thursday, 18th September 2025 (9:00 A.M.) to Friday, 17th October 2025 (5:00 P.M.).
This is a preliminary step indicating the company may be looking to take on additional debt in the future, but no specific loan or credit facility has been announced yet. The actual impact on shareholders will depend on how the additional borrowing is utilized and the resulting debt levels.