Silgo Retail Limited has informed the Exchange regarding Outcome of Board Meeting held on May 13, 2026.
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Silgo Retail Limited's board meeting on May 13, 2026 addressed two key items. First, the board approved a 90-day extension of an Inter-Corporate Deposit (ICD) of ₹15 crore borrowed from Ashika Credit Capital Limited, with revised terms to be mutually agreed. Second, the board confirmed receipt of full call money payments on 73,04,331 partly paid-up equity shares out of 73,81,359 shares called. Each share required a payment of ₹30 per share (₹5 face value + ₹25 premium), converting these shares into fully paid-up equity. The remaining 77,028 shares apparently did not receive payment. The meeting lasted 45 minutes.
The ICD extension provides short-term liquidity relief. The conversion of ~99% of called shares to fully paid-up strengthens the company's equity base, increasing its paid-up capital by approximately ₹21.91 crore from call money receipts.