Announced Mon, 31 Aug · 12:23 IST
Board outcome: new auditor, ID re-appointment, borrowing limit raised to Rs 900 Cr
MAHASTEEL · price
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AI summary
Board approved new statutory auditors Chopra A J & Associates for 5 years, replacing K PR K & Associates who completed their full 10-year tenure. Re-appointed Ms Vanitha Rangaiah as Independent Director for a second term of 5 years. Also approved raising borrowing limit to Rs 900 Crores and higher limits for loans, guarantees and investments to group entities, plus material related party deals including promoter loans for a Solar Project. 38th AGM set for 25 September 2026.
Likely market impact
Routine governance items. Higher borrowing and related party limits need shareholder approval via special resolution at AGM on 25 Sept.