Announced Sat, 27 Jun · 10:23 IST
Postal ballot approves borrowing, loans, and investment limits of Rs 50 Cr
Credit & Debt View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Members approved via postal ballot three enabling resolutions: borrowing limits up to Rs 50 Crore under Section 180(1)(c), limits for granting loans and guarantees up to Rs 50 Crore under Section 185, and limits for investments, loans, guarantees, and securities up to Rs 50 Crore under Section 186. Board meeting was held on May 26, 2026.
Likely market impact
Gives the board flexibility to raise up to Rs 50 Crore and make investments without further shareholder approvals.