Outcome of the 1st Extra-Ordinary General Meeting of the Company for the Financial Year 2025-26 pursuant to Reg. 30 read with Para A of Part A of Schedule III of SEBI (LODR) Regulations, ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
F Mec International Financial Services Ltd held its 1st Extra-Ordinary General Meeting (EGM) for FY 2025-26 on 21st August 2025 via video conference, running from 12:30 PM to 12:50 PM. Shareholders approved a Special Resolution to increase the company's overall borrowing powers under Section 180(1)(c) of the Companies Act, 2013. A total of 51 members attended the meeting through VC along with 1 authorized representative, and the required quorum was met. Mr. Apoorve Bansal (Managing Director/Chairman) and Mr. Kabeer Chaudhary (Independent Director) were present, along with both the statutory auditor (KSJ & Co.) and the secretarial auditor (A.K. Verma & Co.). Voting was conducted through remote e-voting between August 18-20 and e-voting during the meeting, with the scrutinizer's combined results to be submitted to the stock exchange within two working days.
The approved increase in borrowing limit signals that the company is likely planning to raise additional debt, which could fund business expansion or working capital needs but also raises the financial leverage and risk for shareholders. Investors should watch for the detailed voting results and any subsequent announcements about how the new borrowing capacity will be utilised.