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Board Meeting23 Jun 2026, 04:16 pm

Adcounty Media Board Approves Doubling Borrowing Limit to ₹200 Cr

AI Summary

Adcounty Media India Ltd's Board of Directors, in a meeting held on June 23, 2026, approved a significant increase in the company's borrowing limit from ₹100 Crores to ₹200 Crores. This includes limits for creating charges on assets, advancing loans, giving guarantees, and providing security. The board also approved material related party transactions with Athena Media Technologies Pte. Ltd., PK Expert Solutions Pte. Ltd., and Aventuro Advisory Pte. Ltd. Additionally, the remuneration of four executive directors was revised from ₹2,00,000 to ₹5,00,000 per month, subject to shareholder approval via postal ballot. The company will circulate a postal ballot notice for these resolutions.

Key Highlights

  • Borrowing limit increased from ₹100 Cr to ₹200 Cr.
  • Approved material related party transactions with three entities.
  • Executive director remuneration revised to ₹5 Lakhs/month.
  • Shareholder approval sought via postal ballot for key resolutions.