Notice of Postal ballot dated October 31, 2025
PRAVEG · price
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Praveg Limited has issued a Postal Ballot Notice dated October 31, 2025 seeking shareholder approval through remote e-voting for one Special Resolution. The resolution proposes authorizing the Board to give loans, guarantees, or provide security of up to Rs. 15 Crores (aggregate outstanding at any time), in one or more tranches, to Abhik Advertising Private Limited (AAPL) or other entities in which directors of the company are deemed interested, under Section 185 of the Companies Act, 2013. The funds are intended for the borrowing entities' capital expenditure and working capital needs for their principal business activities. The e-voting window runs from November 3, 2025 (9:00 a.m. IST) to December 2, 2025 (5:00 p.m. IST), with results to be announced by December 4, 2025. Scrutinizer M/s. ALAP & CO. LLP will oversee the process, and as a Special Resolution it requires a higher approval threshold than ordinary resolutions.
This is a related-party transaction, so investors should note that shareholder approval determines whether up to Rs. 15 Crores of company funds can be lent, guaranteed, or secured on behalf of AAPL or other director-interested entities. Approval does not commit funds immediately but gives the Board pre-cleared discretion, which may be viewed as a governance consideration by minority shareholders.