StockWatch
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Trading - Gas
Board Meeting28 Sept 2026, 11:48 am

Aegis Logistics Seeks Board Approval for ₹6,000 Cr Fundraising

AI Summary

Aegis Logistics Ltd's Board of Directors, in a meeting held on September 28, 2026, approved a proposal to increase the company's borrowing limits to ₹6,000 crores. This increase is subject to shareholder approval via a special resolution. The company is also authorized to create charges or mortgages on its assets to secure these borrowings. Furthermore, the Board approved raising funds aggregating up to ₹6,000 crores through various instruments and methods, including public issues, preferential issues, private placements, and qualified institutions placements, in domestic or international offerings. The Fund Raising Committee has been authorized to implement these proposals. The meeting commenced at 11:18 AM IST and concluded at 11:35 AM IST.

Key Highlights

  • Board approved increasing borrowing limits to ₹6,000 crores.
  • Company authorized to create charges on assets for borrowings.
  • Approved raising funds up to ₹6,000 crores via multiple methods.
  • Shareholder approval required for borrowing limit increase.
  • Fund Raising Committee authorized to implement proposals.