
Accretion Nutraveda Ltd: Board Approves MOA Alteration & Borrowing Limit Hike
Accretion Nutraveda Ltd announced that its Board of Directors, in a meeting held on September 1, 2026, approved several key proposals. These include the alteration of the Memorandum of Association (MOA) to expand its object clause, particularly in the nutraceuticals and pharmaceuticals sectors. The board also approved increasing borrowing limits under Section 180(1)(c) of the Companies Act, 2013, and enhancing limits for creating charges on company property under Section 180(1)(a). Furthermore, proposals for advancing loans, providing guarantees, and making investments exceeding prescribed limits under Sections 185 and 186 were approved. 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 property.
- Approved proposals for advancing loans and investments.
- All approvals are subject to shareholder and regulatory consent.
Price Impact
More from ANL