Please find attached Postal Ballot Notice dated 26 May 2026
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Global Infratech & Finance Ltd is seeking shareholder approval via postal ballot (e-voting) for three special resolutions. First, approval to borrow up to Rs. 50 Crores under Section 180(1)(c) of the Companies Act, 2013, exceeding normal limits. Second, permission to provide loans, guarantees, or securities to subsidiaries, associates, joint ventures, or group entities up to Rs. 50 Crores under Section 185. Third, authorization for investments, loans, guarantees, and securities up to Rs. 50 Crores under Section 186. The e-voting period runs from May 28, 2026 to June 26, 2026. The company cites future expansion plans and business requirements as rationale for these financial powers.
If approved, these resolutions give the company expanded financial flexibility to borrow and support related entities, which could enable growth initiatives. However, shareholders should monitor how these borrowing and lending powers are utilized, as they increase exposure to financial leverage and inter-corporate transactions.