Moksh Ornaments Limited has informed the Exchange regarding Notice of Postal Ballot
MOKSH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Moksh Ornaments Limited has issued a Postal Ballot Notice seeking shareholder approval for two Special Resolutions. The first resolution proposes to increase borrowing limits under Section 180(1)(c) of the Companies Act, 2013, up to ₹500 Crores. The second resolution seeks approval for creation of charges, mortgages, and encumbrances on the company's assets under Section 180(1)(a) to secure such borrowings. The e-voting period runs from May 7, 2026 (9:00 AM) to June 5, 2026 (5:00 PM). The resolutions require special majority approval from shareholders as of the cut-off date of May 1, 2026.
If approved, these resolutions will authorize the board to borrow up to ₹500 Crores and create security on company assets to secure such borrowings, giving the company flexibility to raise debt financing for business operations or expansion. This indicates potential increase in leverage but also provides financial flexibility.