Please find the enclosed copy of Notice of Postal Ballot.
BATLIBOI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Batliboi Limited is seeking shareholder approval through a postal ballot (remote e-voting only) for two special resolutions. The first resolution proposes increasing the company's borrowing limit under Section 180(1)(c) of the Companies Act, 2013 from the existing Rs. 150 crore to Rs. 250 crore. The second resolution seeks approval to create security by way of charge, mortgage, or pledge on the company's movable and immovable assets, aligned with the proposed new borrowing limit. The company states the increase is needed to support potential business growth and anticipated funding requirements. Voting will be conducted electronically via CDSL from December 22, 2025 to January 20, 2026, with results expected by January 22, 2026. The previous borrowing limit of Rs. 150 crore was approved at the 71st AGM held in July 2015.
If approved, the board will have expanded authority to borrow up to Rs. 250 crore, potentially signaling upcoming debt-raising activity for business expansion or operational needs. The accompanying resolution to pledge company assets means shareholders are also authorizing the company to use its assets as collateral for such borrowings, which could increase financial risk if leveraged significantly.