BSEAvishkar Infra Realty LtdMediumNeutral
Announced Wed, 18 Feb · 18:13 IST

Pursuant to Regulation 30 of SEBI(LODR) Regulation, 2015, we hereby attached Notice of Postal ballot to consider and approve the enhancement of overall limit pursuant to Section 186 of ....

Credit & Debt View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Avishkar Infra Realty (formerly Joy Realty) has sent a postal ballot notice dated February 18, 2026, seeking shareholder approval via remote e-voting to raise the company's overall limit for giving inter-corporate loans, guarantees, securities, and investments under Section 186 of the Companies Act, 2013, from the statutorily prescribed limits up to ₹100 crore at any given point in time. The Board approved this proposal on February 14, 2026, and the resolution will be passed as a Special Resolution. The company cites improved cash flow efficiency, better business performance, and the need for greater financial flexibility as the rationale. E-voting runs from February 19, 2026 to March 20, 2026, with results expected by March 22, 2026.

Likely market impact

If approved, this gives the Board more room to lend to, invest in, or guarantee loans for other companies (including subsidiaries), which could support future business expansion but also raises risk if those funds are not deployed productively. Shareholders should vote based on their view of how effectively management has used such capital historically.