Intimation of for the 05th Annual General Meeting (AGM), E-voting and fixation of Record Date.
BORANA · price
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Borana Weaves Limited has fixed Wednesday, September 10, 2025 at 11:30 AM for its 5th Annual General Meeting, to be held via Video Conferencing. The Record Date / cut-off date for e-voting eligibility is September 1, 2025, with remote e-voting open from September 7 (9:00 AM) to September 9 (5:00 PM). Ordinary business includes adoption of FY25 audited financial statements, reappointment of Mr. Rajkumar Mangilal Borana as Director, and appointment of M/s KSA & Co. as Statutory Auditor for five years till FY30. Special business includes ratifying the Cost Auditor, approving Material Related Party Transactions of up to Rs. 200 crore each with 10 promoter-related entities for FY26, authorizing the Board to give loans of up to Rs. 300 crore under Section 185, approving investments/guarantees up to Rs. 300 crore under Section 186, raising the disposal of undertaking limit to Rs. 100 crore, and increasing the borrowing limit to Rs. 500 crore under Section 180(1)(c).
Shareholders as on the record date of September 1, 2025 can vote on these resolutions, several of which significantly expand the Board's financial authority — borrowing capacity up to Rs. 500 crore, lending/investment limits of Rs. 300 crore each, and Rs. 200 crore per related-party transaction. The wide scope of related-party dealings (10 promoter-group entities) and large borrowing limit increase are worth examining closely, as they affect related-party exposure and leverage capacity.