Innovana Thinklabs Limited has informed the Exchange regarding Notice of Postal Ballot
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Innovana Thinklabs has issued a Postal Ballot notice to shareholders seeking approval through remote e-voting for four special resolutions. The company wants to double its borrowing limit from Rs. 100 crore to Rs. 200 crore under Section 180(1)(c) to fund business expansion, capital expenditure, and working capital needs. It also seeks approval to create mortgages or charges on company assets to secure borrowings, and to advance loans, give guarantees, or provide securities of up to Rs. 200 crore to subsidiaries, associates, joint ventures, or group entities under Section 185. Additionally, the company proposes raising its investment and lending limit under Section 186 from Rs. 100 crore to Rs. 200 crore. The e-voting window opens on March 4, 2026 and closes on April 2, 2026, with results expected on or before April 6, 2026.
Shareholders are being asked to approve a doubling of the company's borrowing and investment limits to Rs. 200 crore each, which could fund growth and expansion but also signals higher debt and increased related-party transactions. Approval would give the board significantly more financial flexibility, while rejection could constrain the company's expansion plans.