Pursuant to Listing Regulations, we hereby inform you that the Board of Directors at their Meeting held on April 11, 2025, inter-alia, considered and approved the following matters: 1. ....
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On April 11, 2025, the Board of Luharuka Media & Infra Limited approved increasing the company's borrowing power limit under Section 180(1)(c) of the Companies Act, 2013, subject to shareholder approval. The Board also sought shareholder approval to raise funds by issuing securities on a private placement basis, if needed. Additionally, a Postal Ballot notice was approved to seek member approval for three items: changing the company's name, raising the borrowing limit, and authorizing fund-raising through private placement. No specific amount, instrument, or investor details were disclosed; further information will be shared when an actual fund-raising event occurs.
This is a preparatory, enabling action — the company is laying groundwork to potentially borrow more or raise capital later. No immediate dilution or debt is confirmed, but shareholders should expect a postal ballot vote on a name change and expanded borrowing/fund-raising powers.