Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, we hereby submit Postal Ballot Notice of EGM of the company to be held through remote e-voting for seeking consent of the members ....
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Vaghani Techno-Build Limited has issued a Postal Ballot Notice for an EGM seeking shareholder approval on five special resolutions. The company proposes to add a new object clause to its MOA to enter the hospitality business, including hotels, resorts, restaurants, event venues, and health rejuvenation centres. It is also seeking to raise its overall borrowing limit to Rs. 350 crores under Section 180(1)(c) and approval to create charges/mortgages on assets under Section 180(1)(a). Additionally, shareholders will vote on raising the limit for loans, guarantees, and investments to Rs. 150 crores under Section 186, and to vary the objects of an earlier preferential issue of warrants (from the February 2025 EGM) to include hospitality alongside its existing real estate, renewable energy, and pharmaceutical businesses. Voting will take place through NSDL's remote e-voting platform from September 12, 2025 (9:00 AM) to October 11, 2025 (5:00 PM), with results expected by October 17, 2025. Managing Director Jatinkumar Tulsibhai Patel has recommended all resolutions for member approval.
If approved, these resolutions will give the company significant financial flexibility and the mandate to diversify into the hospitality sector, while substantially increasing its borrowing and investment capacity. Shareholders should note that the higher borrowing and investment limits represent a meaningful expansion in the company's risk-bearing ability and may have implications for future leverage and capital allocation.