
Global Ocean Logistics India Ltd: Board Meeting Approves Key Decisions on Fixed Assets, Related Party Transactions, and More
Global Ocean Logistics India Ltd held a Board Meeting on Tuesday, March 31, 2026, and approved several key matters. The Board granted a blanket authorization for the purchase of fixed assets up to Rs. 1 Crore during the financial year. It also approved related party transactions, subject to Audit Committee approval, and entering into an RTA agreement with Kfin Technologies Limited post-listing. The Board approved borrowings, loans, and investments within the limits prescribed under the Companies Act, 2013. It also approved contracts and agreements essential for supporting the Company's growth. The Board noted that the Company has not spent the CSR amount for the financial year and shall transfer the unspent CSR amount to a separate 'Unspent CSR Account' within 30 days. The Board also discussed potential merger or acquisition opportunities.
Key Highlights
- Blanket approval for purchase of fixed assets up to Rs. 1 Crore
- Approval of related party transactions
- Approval of RTA agreement with Kfin Technologies Limited
- Approval of borrowings, loans, and investments
- Approval of contracts and agreements for business expansion
Price Impact
More from GLOBALLOG