Notice of Postal Ballot and intimation of remote e-voting
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Awaiting price reaction for this filing.
Raja Bahadur International Limited has issued a postal ballot notice to seek shareholder approval via remote e-voting for two special resolutions. The first resolution seeks to increase the company's borrowing limit under Section 180(1)(c) of the Companies Act from the existing Rs. 500 crores to Rs. 1,500 crores — a 3x jump. The second resolution seeks approval to enhance the limit under Section 180(1)(a) for creating security, mortgage, or charge on the company's assets, capped at the same Rs. 1,500 crores. The company, which operates in the real estate sector, says the higher limits are needed to fund growth and expansion plans. E-voting will run from March 7, 2026 to April 5, 2026, with results expected by April 7, 2026. The cut-off date for eligibility to vote is February 27, 2026. NSDL is the e-voting agency, and the scrutinizer is from M/s Parikh & Associates.
If approved, the company will have three times more headroom to take on debt for its real estate expansion, which could fund growth but also raises leverage risk for existing shareholders. The stock may see limited immediate reaction since this is only a procedural increase in borrowing capacity, not a confirmed new loan or specific deployment plan.