Navoday Enterprises Ltd. Announces Key Decisions from Board Meeting on September 2, 2024

Navoday Enterprises Ltd. held a Board Meeting on September 2, 2024, where several key decisions were made. The Board approved and recommended the limit for Related Party Transactions up to Rs. 200.00 crores, and proposed investments, loans/guarantees & advances in excess of limits specified under section 186 of Companies Act, 2013 up to Rs. 200.00 crores. They also approved an increase in borrowing power in excess of limits specified under section180 (1) (c) of Companies Act, 201.3 up to Rs. 200.00 crores. The Board re-appointed three Non-Executive Independent Directors for a second term of 5 years each. The Directors Report, Management Discussion Analysis, and Corporate Governance Report for the FY 2023-24 were approved. The Board also took note of the Comments/Qualification made by Secretarial auditors in their Audit Report for the F.Y 2023-2024 and gave clarification on the same. The 17th Annual General Meeting of the company was approved to be held on 28th September, 2024 at 03:00 PM at the Registered office of the Company. The date for Book Closure for purpose of 17th Annual General Meeting of the Company was fixed from 22nd September, 2024 to 28th September, 2024 (both days inclusive).