Board okays new AOA, Rs 70 Cr borrowing and asset disposal authority
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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 on 20 June 2026 approved: (1) adoption of new Articles of Association aligned with Companies Act 2013; (2) authorization under Section 180(1)(a) to sell, lease, mortgage or dispose of the whole or substantially the whole of the company's undertakings; (3) authorization to borrow up to Rs 70 Crores beyond paid-up capital and free reserves under Section 180(1)(c); (4) Postal Ballot to seek shareholder approval. All major items subject to shareholder approval.
Shareholders will vote via Postal Ballot on new AOA, asset disposal authorization, and Rs 70 Cr borrowing. Outcome could reshape company structure.