Board okays Rs 95 Cr related party deal, raises borrowing limit to Rs 200 Cr
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.7 pts more than Nifty Microcap 250 and 0.4 pts less than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Board approved a material related party transaction with Pride Hotels Limited for up to Rs 95 crore, subject to shareholder approval via postal ballot. The board also cleared enhancing the companys borrowing powers up to Rs 200 crore under Section 180(1)(c) of the Companies Act, again needing shareholder approval. Postal ballot notice was approved with July 03, 2026 set as the cut-off date for determining shareholders eligible to vote through remote e-voting.
Shareholders will be asked to vote on a Rs 95 Cr related party deal with Pride Hotels and on raising the borrowing cap to Rs 200 Cr via postal ballot.