Board Meeting9 Sept 2026, 05:00 pm
Garware Marine Board Approves Corporate Guarantee & EGM Date
AI Summary
Garware Marine Industries Ltd announced the outcome of its Board Meeting held on September 9, 2026. The board approved the issuance of an enhanced "Corporate Guarantee" on behalf of Garware Offshore Services Limited for financial facilities. This transaction, along with resolutions under Section 185 and Section 188 of the Companies Act, 2013, and Regulation 23 of SEBI LODR, will require member approval. Consequently, an Extra Ordinary General Meeting (EGM) has been scheduled for October 7, 2026, to pass the necessary special resolutions. The meeting commenced at 02:00 PM and concluded at 04:10 PM.
Key Highlights
- Board approved enhanced corporate guarantee for subsidiary.
- Material related party transaction requires member approval.
- EGM scheduled for October 7, 2026, for special resolutions.
- Resolutions under Companies Act Sections 185 and 188 approved.
- Transaction involves Garware Offshore Services Limited.
Price Impact
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