This is to inform you that the Extra Ordinary General Meeting of the Company was held on Monday, April 28, 2025 at 03:00 P.M. (IST) at the corporate office of the company.
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KG Petrochem Limited held an Extraordinary General Meeting on Monday, April 28, 2025, at 3:00 PM at its corporate office in Jaipur, Rajasthan. Two special resolutions were placed before members and both were passed via e-voting. The first resolution approved the enhancement of overall limits for inter-corporate loans, guarantees, securities, and investments under Section 186 of the Companies Act, 2013. The second resolution approved transactions under Section 185 of the Companies Act, 2013. Remote e-voting was conducted from April 25 to April 27, 2025, with a scrutinizer from M/s ARMS and Associates LLP overseeing the process. The meeting concluded at 3:55 PM.
The approved resolutions give the company greater flexibility to lend, invest in, and transact with other entities, including related parties, which could signal upcoming capital movements or strategic financial activity. Shareholders should watch for further announcements detailing how these enhanced limits will be utilised.