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Awaiting price reaction for this filing.
Choksi Asia Ltd's Board of Directors met on January 9, 2026, and approved two key items. First, shifting the registered office from Vile Parle East, Mumbai to Silvassa in the Union Territory of Dadra & Nagar Haveli, along with the corresponding change in the Memorandum of Association, pending shareholder and regulatory approvals. Second, the Board approved a limit of Rs. 60 crore for giving loans, guarantees, securities, or making investments beyond the limits specified under Section 186 of the Companies Act, 2013, subject to shareholder approval. The Board also noted a minor BSE fine of Rs. 5,900 (including taxes) for a one-day delay in submitting the Related Party Transactions disclosure for the half-year ended September 2025, which has already been paid on December 18, 2025. The Company Secretary has been instructed to ensure timely compliance going forward.
The registered office shift to Dadra & Nagar Haveli (a Union Territory) could offer the company potential tax advantages and operational cost savings. The Rs. 60 crore investment/loan limit signals possible expansion or strategic deployment of capital, but both items require shareholder approval before they take effect. The BSE fine is immaterial and already settled, with no material impact on the stock.