as per the pdf attached
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mega Nirman and Industries Ltd has issued a Postal Ballot Notice dated January 20, 2026 seeking shareholder approval through remote e-voting for three resolutions. The first is an Ordinary Resolution to appoint M/s. Krishan Rakesh & Co. (FRN: 009088N) as Statutory Auditor to fill the casual vacancy caused by the resignation of the previous auditor M/s. ANSK & Associates (FRN: 026177N) on November 14, 2025. The second is a Special Resolution to increase the company's borrowing limit under Section 180(1)(c) of the Companies Act, 2013 from the existing Rs. 150 Crores to Rs. 300 Crores, citing future expansion plans. The third is a Special Resolution to raise the limit under Section 186 for granting loans, making investments, and providing guarantees or securities to other bodies corporate up to Rs. 300 Crores. E-voting begins on January 23, 2026 and ends on February 21, 2026, with results to be declared on or before February 24, 2026.
Shareholders should review and vote on these resolutions before the February 21, 2026 deadline. The doubling of borrowing and investment limits suggests the company is preparing for significant expansion or capital needs, which could lead to higher debt or related-party transactions. The auditor change is a routine corporate governance matter following the previous auditor's resignation.