
Board Meeting2 Sept 2026, 03:38 pm
Accretion Nutraveda Board Approves MOA Alteration & Borrowing Limit Hike
AI Summary
Accretion Nutraveda Ltd's Board of Directors met on September 1, 2026, approving several key proposals. These include alterations to the company's Memorandum of Association (MOA) to expand its business objectives, an increase in borrowing limits under Section 180(1)(c) of the Companies Act, 2013, and an enhancement of limits for creating charges on company property under Section 180(1)(a). The board also approved advancing loans and providing guarantees/security under Sections 185 and 186 of the Companies Act, 2013. These approvals are subject to shareholder and regulatory clearances.
Key Highlights
- Board approved alteration of Memorandum of Association (MOA).
- Increased borrowing limits under Section 180(1)(c) of Companies Act.
- Enhanced limits for creating charges on company assets under Section 180(1)(a).
- Approved advancing loans and providing guarantees/security.
- Approvals are subject to shareholder and regulatory consent.
Price Impact
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