EGM results: 11 resolutions approved including borrowing limit hike and name change
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EGM held on July 25, 2026, all 11 resolutions passed with requisite majority. Key approvals: creation of mortgage on assets, enhanced borrowing limits under Section 180(1)(c), increased investment limits under Section 186, shifting registered office from Delhi to Rajasthan, change of company name, new Articles of Association, appointment of 2 independent directors and regularisation of director, and related party transaction. Overall about 94.67 percent votes polled in favor, 5.32 percent against.
All 11 resolutions passed with about 95 percent votes in favor; borrowing capacity raised, registered office moving to Rajasthan, and name change ahead.