Board Meeting14 May 2026, 10:25 am
Khaitan Chemicals: Board Approves ₹800 Cr Borrowing Limit
AI Summary
The Board of Directors of Khaitan Chemicals & Fertilizers Ltd approved an increase in the company's borrowing limits up to ₹800 crores, subject to shareholder approval. They also authorized the creation of charges/pledges/hypothecation/mortgages on the company's assets to secure borrowings from lending agencies, up to an aggregate value of ₹800 crores. Additionally, the board approved the alteration of the Articles of Association by deleting articles related to the Common Seal. The meeting was held on May 14, 2026.
Key Highlights
- Khaitan Chemicals' borrowing limit increased to ₹800 crores, pending shareholder approval.
- Board authorized creation of security on assets for borrowings up to ₹800 crores.
- Articles of Association altered to remove clauses related to the Common Seal.