Ballarpur Industries Enhances Borrowing Limits to ₹2,000 Cr
Ballarpur Industries Ltd announced that its Board of Directors, in a meeting held on October 9, 2026, approved several key financial decisions. These include enhancing the company's borrowing limits from INR 1,000 Crore to INR 2,000 Crore under Section 180(1)(c) of the Companies Act, 2013. Additionally, limits for loans, guarantees, securities, and investments under Section 186 were increased up to INR 1,000 Crore. The board also approved the constitution of an Investment Committee and the issuance of up to 40,000 listed, rated, and unsecured Non-Convertible Debentures aggregating up to INR 400 Crore. A postal ballot notice was approved, with NSDL appointed as the remote e-voting agency and M/s. Viral Sanghvi & Associates as the scrutinizer.
Key Highlights
- Borrowing limits enhanced from ₹1,000 Cr to ₹2,000 Cr.
- Investment and lending limits increased up to ₹1,000 Cr.
- Approval for issuing Non-Convertible Debentures worth ₹400 Cr.
- Investment Committee constituted and approved.
- Postal ballot process initiated for shareholder approval.
Price Impact
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