Skipper Limited has informed the Exchange regarding Notice of Postal Ballot
SKIPPER · price
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Skipper Limited has issued a Postal Ballot Notice seeking shareholder approval to raise its borrowing limit from the existing ₹5,000 crores to ₹8,000 crores under Section 180(1)(c) of the Companies Act, 2013. A second resolution seeks shareholder approval to create mortgage or charge on the company's movable and immovable assets to secure such borrowings under Section 180(1)(a). The company says the increased limit is needed to meet operational requirements and support business expansion. E-voting will be open from November 19, 2025 to December 18, 2025, with the cut-off date set as November 14, 2025, and results expected by December 22, 2025.
This is a routine governance step that gives the board more headroom to raise debt, which may signal upcoming fundraising or capex plans. Shareholders should review whether the higher debt ceiling is justified given the company's existing leverage and growth outlook before voting.