1. Approved Material RPT with Cybele Electra Pvt Ltd, Subsidiary Company, subject to approval of the Members. 2. Approved of Material RPT with Cybele Electronics Pvt Ltd, Subsidiary Company, ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors of Cybele Industries Ltd approved material related party transactions with two subsidiary companies - Cybele Electra Private Limited and Cybele Electronics Private Limited. The board also approved transactions between these two subsidiaries and authorized creation of mortgage/charge on company assets under Section 180(1)(a) of the Companies Act, 2013. All these transactions are subject to approval of the members. A postal ballot notice has been issued with a cut-off date of April 10, 2026 for determining eligible members to vote. NSDL will provide remote e-voting facility, and a practicing company secretary has been appointed as scrutinizer.
Shareholders will need to approve these material related party transactions via postal ballot. The transactions with wholly-owned subsidiaries appear routine but require transparency under SEBI LODR regulations. The asset charge creation is a standard corporate governance requirement.