Borana Weaves Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 10, 2025
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Borana Weaves Limited has notified the exchanges that its 5th Annual General Meeting will be held on Wednesday, September 10, 2025 at 11:30 a.m. via Video Conferencing. The company has fixed September 1, 2025 as the record/cut-off date, with e-voting open from September 7 to September 9, 2025. Shareholders will vote on 10 resolutions, including adoption of FY25 audited financials, re-appointment of Mr. Rajkumar Borana as Director, appointment of M/s KSA & Co. as statutory auditor for 5 years (till 2030 AGM), and appointment of a new secretarial auditor. Key special business items include approval of material related party transactions up to Rs. 200 crore each with 10 promoter-related entities, raising the borrowing limit to Rs. 500 crore under Section 180(1)(c), and authorizing loans/investments up to Rs. 300 crore each under Sections 185 and 186 of the Companies Act. The integrated annual report has been uploaded on the company's website and sent electronically to members.
This is a routine AGM notice, but shareholders should note the large related party transaction limits (Rs. 200 crore per entity with 10 entities) and significantly expanded borrowing capacity (up to Rs. 500 crore), which could indicate plans for growth or expansion. Investors holding shares as of September 1, 2025 are eligible to vote on all resolutions.