Outcome of Board Meeting held on 20th February 2026.
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The board of directors of Cospower Engineering Ltd, at a meeting held on February 20, 2026, approved raising the company's borrowing limit to up to ₹45 crores under Section 180(1)(c) of the Companies Act, 2013. This increase is subject to shareholder approval through a special resolution via postal ballot. The board also approved the postal ballot notice, appointed M/s Jaymin Modi & Co. as scrutinizer for the process, and finalized the calendar of events. E-voting will commence on February 25, 2026, and the last date for voting is March 26, 2026, with results expected by March 30, 2026.
Shareholders will get to vote on allowing the company to take on significantly higher debt (up to ₹45 crores). If approved, this expands the company's capacity to raise funds, but also increases its leverage and financial risk.