The Extra-Ordinary General Meeting of the Company will be held on Thursday, 21st August, 2025 at 12.30 P.M through Video Conferencing or Other Audio-Visual Means.
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F Mec International Financial Services Ltd (BSE: 539552) has called its 1st Extra-Ordinary General Meeting for FY 2025-26 on Thursday, 21st August 2025 at 12:30 PM, to be held via video conferencing. The sole item on the agenda is a Special Resolution to raise the company's overall borrowing limit to Rs. 80 Crores (Eighty Crores) under Section 180(1)(c) of the Companies Act, 2013, from the current ceiling of paid-up capital plus free reserves. The company says the additional borrowing headroom is needed to fund business expansion, meet additional working capital needs, and support operations. Remote e-voting through NSDL runs from 9:00 AM on 18 August to 5:00 PM on 20 August 2025, with the cut-off date for shareholder eligibility set as 13 August 2025. Voting results will be announced on or before 23 August 2025.
Approval would give the board significantly expanded borrowing flexibility (up to Rs. 80 Crores), signalling the company's intent to raise debt for growth and working capital. For shareholders, this means higher potential leverage on the balance sheet, which could amplify both returns and financial risk depending on how the funds are deployed. No immediate effect on share price is expected from the notice itself; the key reaction will depend on the resolution outcome and any subsequent fundraising details.