RPSG VENTURES LIMITED has informed the Exchange regarding Notice of Postal Ballot
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RPSG Ventures Limited has issued a Postal Ballot Notice seeking shareholder approval through e-voting for a Special Resolution under Section 185 of the Companies Act, 2013. The resolution proposes to grant loans or advances of up to Rs. 800 Crores to its subsidiary, RPSG Sports Private Limited (RSPL), in one or more tranches, to be used for RSPL's principal business activities. Since one or more directors of the company may be deemed interested in RSPL, member approval via special resolution is required. E-voting will be conducted through NSDL, commencing on February 24, 2026 at 9:00 AM and ending on March 25, 2026 at 5:00 PM. The cut-off date to determine eligible members is February 13, 2026.
This is a related-party transaction requiring shareholder approval to lend up to Rs. 800 Crores to a subsidiary where directors are interested. If approved, it will allow the company to fund RSPL's business needs, but shareholders should evaluate the terms, interest rate, and repayment schedule once disclosed, as the lending could affect the company's cash position and expose it to recovery risk.