Jet Freight Logistics Board Approves Borrowing Limit Increase to ₹250 Cr

Jet Freight Logistics Ltd's Board of Directors, in a meeting held on August 13, 2026, approved several key financial and corporate actions, subject to shareholder approval. These include increasing the company's borrowing limits up to ₹250 Crores and authorizing the creation of charges on company assets to secure borrowings. The board also approved limits for providing loans, guarantees, or securities up to ₹150 Crores. Additionally, plans to infuse capital into its US-based wholly owned subsidiary, Jet Freight Logistics INC, were approved. The company will also proceed with the voluntary strike-off and dissolution of its Netherlands subsidiary, Jet Freight Logistics B.V., which will result in it ceasing to be a wholly owned subsidiary. The date and notice for the 20th Annual General Meeting, scheduled for September 23, 2026, were also approved.