Board approves in-principle acquisitions, capital and borrowing limit hikes

Kanungo Financiers board approved in-principle decisions: alteration of MOA to increase Authorized Share Capital, higher borrowing powers under Section 180, and enhanced Section 186 limits for investments and loans. Board also gave in-principle approval to acquire equity shares in Startech Infralogistics and Peepal Mining and Logistics from existing shareholders. All proposals are preliminary; no final amounts, valuations or terms decided yet. Professional advisors appointed for due diligence. Final approvals to come in subsequent board meetings and from shareholders.