Servotech Renewable Power System Limited has informed the Exchange about Copy of Newspaper Publication
SERVOTECH · price
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Servotech Renewable Power System Limited has informed the exchange about newspaper clippings confirming the dispatch of its Postal Ballot Notice on July 1, 2025. The company is seeking shareholder approval through e-voting for five special resolutions, including regularization of three director appointments (Mr. Girish Kumar Ahuja as Independent Director, Mr. Digvijay Kapoor as Executive Director - HR, and Dr. Yogeta Patra as Woman Independent Director). Additionally, shareholders are being asked to approve creating charges on company assets up to Rs. 600 crores and raise the overall borrowing limit to Rs. 600 crores under Section 180(1)(c) of the Companies Act. The remote e-voting window runs from July 2, 2025 (9:00 AM) to July 31, 2025 (5:00 PM), with the cut-off date set as June 27, 2025. Results will be declared on or before July 31, 2025, and NSDL has been engaged as the e-voting agency.
Shareholders need to cast their votes electronically by July 31, 2025. The proposals suggest the company is preparing for significantly higher borrowing capacity (Rs. 600 crores), which could indicate upcoming expansion or capex plans requiring financing. Shareholders should review the director appointments and borrowing limit increases carefully before voting.