Submission of Postal Ballot Notice
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Cospower Engineering has issued a postal ballot notice seeking shareholder approval to raise its overall borrowing limit to ₹45 crores under Section 180(1)(C) of the Companies Act, 2013. The company says the higher cap will fund business growth, capital expenditure, working capital needs, strategic initiatives, and refinancing of existing debt. The resolution will be passed through remote e-voting, which opens on February 25, 2026 and closes on March 26, 2026, with results expected by March 30, 2026. The proposal needs to be approved as a special resolution.
If approved, the board gets a blanket green light to borrow up to ₹45 crore in total, which could increase the company's debt and interest burden going forward. This is a broad authorization rather than a specific funding deal, so shareholders should watch for actual borrowing announcements later.