Board approves new Articles, Rs 70 Cr borrowing cap, postal ballot
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Board of Veejay Lakshmi Engineering Works approved: (1) adopting new Articles of Association aligned with Companies Act 2013, (2) authority to sell, lease or mortgage whole of the companys undertakings under Section 180(1)(a), and (3) borrowing limit raised to up to Rs 70 Crores under Section 180(1)(c). All three proposals require shareholder approval via special resolution through a postal ballot process. Mr. M. D. Selvaraj of MDS and Associates LLP appointed as Scrutinizer.
Shareholders will vote via postal ballot on new Articles, asset disposal authority, and a Rs 70 Cr borrowing limit. No immediate capital return impact.