Board Meeting2 Sept 2026, 05:20 pm
Adhbhut Infrastructure Board Approves Increased Borrowing & Loan Limits
AI Summary
Adhbhut Infrastructure Limited's Board of Directors, in a meeting held on September 2, 2026, approved resolutions to increase borrowing limits beyond Section 180(1)(c) of the Companies Act, 2013, and to provide loans or guarantees to specified persons exceeding limits under Section 185. Additionally, limits for related party transactions under Section 188 were approved. All these approvals are subject to shareholder ratification at the upcoming Annual General Meeting. The related party transactions for FY 2026-27 have been recommended by the Audit Committee.
Key Highlights
- Board approved increased borrowing limits, subject to shareholder approval.
- Limits for loans/guarantees to specified persons also approved.
- Related party transaction limits for FY2026-27 approved.
- All approvals require shareholder consent via Special Resolution at AGM.
- Audit Committee recommended related party transactions.
Price Impact
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