This is to inform you that the Extraordinary General Meeting of the Company will be 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 Ltd has called an Extraordinary General Meeting on Monday, April 28, 2025 at 3:00 PM at its corporate office in Jaipur. Two special resolutions will be tabled: (1) Raising the company's overall limit for inter-corporate loans, guarantees, securities, and investments under Section 186 of the Companies Act from the statutory ceiling to ₹100 crore at any given point in time, and (2) Approving a corporate guarantee of up to ₹20 crore under Section 185 for M/s Suave Casa Ideas Private Limited, a related entity where directors Mr. Gauri Shanker Kandoi, Mr. Manish Singhal, and Mrs. Prity Singhal are interested, to secure credit facilities from HDFC Bank. Remote e-voting runs from April 25 (9:00 AM) to April 27 (5:00 PM), with a cut-off date of April 21, 2025. The e-voting facility is being provided through CDSL.
Shareholders are being asked to approve a significant expansion of the company's lending and investment capacity (up to ₹100 crore) and to back a ₹20 crore corporate guarantee for a related-party entity. Approval would give the board wide flexibility to deploy funds across loans, guarantees, and investments, which could benefit business growth but also increases exposure to related-party risk; shareholders should review these resolutions carefully before voting.