Signatureglobal (India) Limited has informed the Exchange regarding Notice of Postal Ballot
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Signatureglobal (India) Limited has issued a Postal Ballot Notice seeking shareholder approval through remote e-voting (from July 3, 2025 to August 1, 2025) for four special resolutions. The first two seek to double the company's borrowing limit and charge-creation limit from Rs. 3,000 crore to Rs. 6,000 crore each, under Sections 180(1)(c) and 180(1)(a) of the Companies Act, 2013. The third resolution proposes raising up to Rs. 875 crore through Secured Listed Redeemable Non-Convertible Debentures (NCDs) on a private placement basis, in one or more tranches, to be used for refinancing, reimbursements, land acquisition, or capital expenditure. The fourth resolution seeks to alter the Articles of Association to allow debenture trustees to nominate a director on the board. The company's consolidated net debt stood at Rs. 8.3 billion as of March 31, 2025, and management aims to keep consolidated net debt within controllable limits.
The doubling of borrowing limits and the planned Rs. 875 crore NCD issuance signal a significant debt-raising exercise, likely to fund growth, refinance existing debt, or acquire land for the real estate business. While this gives the company greater financial flexibility, shareholders should note the potential increase in leverage and any associated dilution of promoter-equity holder interests. The amendment to allow debenture trustee nominee directors is a standard provision linked to debt issuances and does not materially impact existing shareholders.