Disclosure under regulation 30 of SEBI LODR regarding outcome of Board Meeting of various agenda
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Indong Tea Company met on 1st September 2025 and approved several items. The monthly remuneration of Shri Hariram Garg was increased from Rs. 2 lakh to Rs. 3 lakh (a 50% rise), effective 1st October 2025 for two years. The Board also approved doubling three key financial limits from Rs. 500 Crore to Rs. 1,000 Crore each — borrowing powers under Section 180(1)(c), creation of charges on company assets under Section 180(1)(a), and authorization for investments, loans, and guarantees under Section 186. All these items need shareholder approval at the upcoming AGM. The Board also set the 35th AGM for 24th September 2025 (11:00 AM) via video conferencing, with the e-voting cut-off date on 17th September 2025. The Notice of AGM, Directors' Report, and MD&A Report for FY 2024-25 were also approved.
The doubling of borrowing and investment limits from Rs. 500 Cr to Rs. 1,000 Cr suggests the company is gearing up for significant future expansion, fundraising, or acquisitions — shareholders will vote on this at the AGM. The modest 50% hike in executive pay adds marginally to costs. Overall, this is a procedural update ahead of the AGM and unlikely to move the stock sharply on its own.