Creative Newtech Limited has informed the Exchange regarding Board meeting held on August 26, 2025.
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Creative Newtech's board approved increasing the company's borrowing powers under Section 180(1)(c) of the Companies Act up to Rs. 750 Crores, subject to shareholder approval at the upcoming AGM. The board also approved creating charges or mortgaging assets up to the same Rs. 750 Crore limit under Section 180(1)(a). Mrs. Purvi Patel, co-founder of the company, was appointed as President – Strategy & Sustainability effective the same day. The board fixed September 23, 2025 as the record date for the 21st AGM and dividend entitlement, with the AGM scheduled for September 30, 2025 via video conferencing.
The proposed Rs. 750 Crore borrowing cap is a significant jump in debt capacity and signals the company may be planning larger capital expansion or working capital needs, but it still needs shareholder approval. The dividend record date confirms an upcoming dividend payout for eligible shareholders.