Please find attached herewith the Outcome of the Board Meeting held on 11th May, 2026. This is for your information, record and necessary dissemination to all the stakeholders.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors approved a Notice of Postal Ballot to seek shareholder approval for three financial matters: (1) enhancement of borrowing powers under Section 180(1)(c) of the Companies Act, 2013, (2) creation of charges on movable and immovable properties for borrowings under Section 180(1)(a), and (3) increase in limits for investments, loans, guarantees, and securities under Section 186. The e-voting cutoff date is 15th May 2026, with the resolution deemed passed on 18th June 2026. This expands the company's financial flexibility and borrowing capacity.
The approval would give the company greater ability to raise debt and make investments, which could support future business growth but may also increase leverage. Shareholders should monitor how these expanded powers are utilized.