Postal Ballot: 8 resolutions including director appointments, Rs 750 Cr borrowing limit
NILASPACES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Nila Spaces has issued a postal ballot with 8 resolutions. Key items: appoint Mr. Deep S Vadodaria as Chairman and MD for 3 years (salary up to Rs 10 lakh per month), re-appoint Mr. Prashant H Sarkhedi as Director Finance (Rs 5 lakh per month), and raise borrowing and investment limits under Sections 180, 186 and 185 to Rs 750 Crore each. Also seeks approval for material related party transactions with Nila Urban Living and Mr. Vadodaria for FY 2026-27. E-voting from 07 July to 05 August 2026.
Shareholders can vote on key management appointments and a major increase in borrowing and investment limits to Rs 750 Crore each.