ISF Ltd Board Approves ₹11 Crore Borrowing Limit

ISF Ltd announced that its Board of Directors has approved the raising of borrowings and/or Inter-Corporate Deposits (ICDs) up to an aggregate amount of ₹11,00,00,000/- (Rupees Eleven Crore only). This limit includes existing and proposed borrowings and will be utilized for the company's business purposes. The approval is in accordance with Sections 179(3)(d) and 180(1)(c) of the Companies Act, 2013, and is subject to compliance with applicable laws and regulations. The borrowings can be raised in one or more tranches from banks, financial institutions, body corporates, or other eligible persons, with terms and conditions to be mutually agreed upon.