Announced Sat, 20 Jun · 19:10 IST
Board seeks shareholder nod to borrow Rs 70 Cr, revise Articles
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+8.5%1-day move
₹35.00
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+8.5+8.0+8.0+0.0+2.1+5.7+4.0+11.4——
Up moveDown movePending
AI summary
Board approved: 1) New Articles of Association aligned with Companies Act 2013, 2) Authorization to sell, lease or mortgage the company's whole undertaking under Section 180(1)(a), 3) Borrowings up to Rs 70 Crores under Section 180(1)(c). All three proposals require shareholder approval via postal ballot. Scrutinizer MDS and Associates appointed to oversee the process.
Likely market impact
Shareholders can vote via postal ballot. Authorization for large borrowings and disposal of the entire undertaking could reshape the company's risk profile.