Amendment of Articles of Association of the Company.
RAJPALAYAM · price
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At the 89th Annual General Meeting held on August 29, 2025, shareholders of Rajapalayam Mills approved a Special Resolution to amend Clause 11 of the Articles of Association. The amendment raises the company's maximum borrowing limit from Rs. 750 Crores to Rs. 850 Crores (an increase of Rs. 100 Crores). The company cited the need for greater financial flexibility to service repayment obligations and meet operational and business requirements. The change was made under Sections 14 and 180(1)(c) of the Companies Act, 2013.
This gives the Board additional debt headroom of Rs. 100 Crores, signaling that the company may be planning higher borrowings for expansion, working capital, or refinancing. It is a routine governance step but indicates growing financial requirements ahead.