Shree Rajiv Lochan Oil Extraction Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/08/2025 ,inter alia, to consider and approve The Business ....
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Shree Rajiv Lochan Oil Extraction Ltd has called a board meeting on 26 August 2025 to consider multiple items. The board will approve the Board's Report for FY ended 31 March 2025, call the 35th Annual General Meeting, and approve its notice. A notable item is the proposal to raise the company's borrowing limits under Sections 180(1)(a) and 180(1)(c) of the Companies Act, along with increasing the ceiling for loans and investments under Section 186. The board will also consider adopting a new set of Articles of Association aligned with the Companies Act, 2013.
The proposed hike in borrowing limits under Sections 180(1)(a) and 180(1)(c) signals the company may plan to raise additional debt or secure larger credit facilities in the near term, which shareholders should watch closely. Annual results and the 35th AGM will follow shortly after this meeting, providing key financial updates.