Boston Commerce Ltd Board Approves MOA/AOA Update & ₹100 Cr Borrowing Limit
Boston Commerce Limited's Board of Directors met on July 13, 2026, approving several key proposals. These include the adoption of a new Memorandum and Articles of Association (MOA/AOA) to comply with the Companies Act, 2013. The board also approved a proposal to borrow up to ₹100 Crores annually until FY2028-29 and to invest up to ₹100 Crores annually for acquisitions of businesses or assets. Additionally, the company will update its authorized signatories and evaluate the monetization of non-core assets. Accurate Securities and Registry Private Limited has been appointed as the new Registrar and Share Transfer Agent. A promoter reclassification request was deferred due to incomplete information.
Key Highlights
- New MOA/AOA adopted to align with Companies Act, 2013.
- Board approved borrowing up to ₹100 Cr annually until FY2028-29.
- Approved annual investment limit of ₹100 Cr for acquisitions.
- Accurate Securities appointed as new RTA.
- Promoter reclassification request deferred due to deficiencies.
Price Impact
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