Lloyds Enterprises Limited has informed the Exchange regarding Notice of Postal Ballot
LLOYDSENT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lloyds Enterprises Limited has initiated a postal ballot for shareholders to vote on 4 resolutions. The company seeks to renew and expand its financial powers: (1) Section 186 approval for loans, inter-corporate deposits, guarantees and investments in other body corporates up to Rs. 5,000 crore (superseding 2015 resolution), (2) Section 180(1)(c) approval for overall borrowing limits up to Rs. 3,000 crore (superseding 2015 resolution), (3) Section 180(1)(a) approval for creating mortgage/charge on company assets up to borrowing limits, and (4) Ordinary resolution to continue/enter related party transactions with Geomysore Services India Pvt Ltd up to Rs. 1,000 crore for 1 year. Remote e-voting runs from April 17, 2026 to May 16, 2026. Cut-off date for eligible voters was April 10, 2026. Resolutions 1-3 are special resolutions requiring 75% majority; resolution 4 is ordinary resolution.
Shareholders should carefully evaluate these proposals. The large loan/investment limit (Rs. 5,000 crore) and borrowing limit (Rs. 3,000 crore) give the board significant financial flexibility. The Rs. 1,000 crore related party transaction with Geomysore Services India Pvt Ltd requires scrutiny as it involves a connected party.