StockWatch
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Investment Company
Board Meeting24 Jun 2026, 05:00 pm

BLB Ltd Approves ₹50 Cr Loan Facility Under Section 185

AI Summary

BLB Ltd's Board of Directors, in a meeting held on June 24, 2026, approved advancing loans, giving guarantees, or providing security under Section 185 of the Companies Act, 2013. This approval is for an aggregate amount not exceeding ₹50.00 Crores, subject to member approval and other necessary regulatory clearances. The Board also decided to convene the 45th Annual General Meeting (AGM) on July 24, 2026, at 12:30 p.m. via Video Conferencing and approved the AGM Notice, Board's Report, Management Discussion and Analysis Report, and Corporate Governance Report for FY 2025-26. The board meeting commenced at 3:00 p.m. and concluded at 4:30 p.m.

Key Highlights

  • Board approved advancing loans/guarantees up to ₹50 Cr under Section 185.
  • Approval is subject to shareholder and regulatory consent.
  • 45th AGM scheduled for July 24, 2026, via VC/OAVM.
  • Key reports for FY 2025-26 approved for the AGM.