Postal Ballot: Borrowing limit hike to Rs.500 Cr and material RPT approval
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Awaiting price reaction for this filing.
Sayaji Hotels (Indore) has issued a Postal Ballot notice seeking shareholder approval for two items: (1) Special Resolution to raise borrowing limit to Rs.500 Crores under Section 180(1)(c) of the Companies Act, and (2) Ordinary Resolution to approve material Related Party Transactions up to Rs.50 Crores per party with 21 listed parties, including promoter group firms and family members. Cut-off date is 16 September 2026 and e-voting runs from 21 September to 21 October 2026 via CDSL.
Expands company debt capacity and clears related-party borrowings up to Rs.500 Cr aggregate. No direct earnings or dividend impact, but signals funding plans.