Postal Ballot: 5 Resolutions Including MOA Expansion Into Housing Finance
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Key Corp Ltd has issued a Postal Ballot Notice with 5 special resolutions. The key item is altering the object clause of the MOA to add housing finance, lending, insurance broking and other financial services as main business. Also seeks to appoint two independent directors (Yogesh Chadha and Devesh Srivastava), raise borrowing limits under Section 180(1)(c), and permit security creation on assets under Section 180(1)(a). E-voting runs from July 20 to August 18, 2026.
Major expansion of business scope into housing finance and broader lending. Higher borrowing capacity and asset pledging powers sought. Outcome hinges on shareholder vote.