The Board of Directors at their meeting held today i.e. on 24th March 2026, approved the Notice of the Postal Ballot for seeking consent of members of the company for the following items ....
MAFATIND · price
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The Board of Directors of Mafatlal Industries, at its meeting held on 24th March 2026, approved a Postal Ballot notice to seek shareholder consent on two special business items. The first item seeks approval under Section 185 of the Companies Act, 2013, to allow the company to advance loans, give guarantees, or provide security to other bodies corporate. The second item seeks approval to increase the threshold limits for loans, guarantees, securities, and investments under Section 186 of the Companies Act, 2013. The cut-off date for determining shareholders eligible to vote on these resolutions is 17th April 2026. The board meeting ran from 11:30 am to 2:04 pm.
This is a procedural filing seeking shareholder authorisation that would give the company greater flexibility to lend to and invest in other entities, including related parties. It does not impact current operations but could expand the company's ability to undertake inter-corporate financial transactions in the future.