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Business Update30 Aug 2024, 11:54 pm

Navoday Enterprises Ltd. Schedules Board Meeting to Approve Key Proposals for FY 2023-24

AI Summary

Navoday Enterprises Ltd. has informed the BSE about a scheduled board meeting on 02/09/2024 to discuss various matters, including the approval of increasing the limit up to Rs. 200 crores for related party transactions, investments, loans/guarantees & advances, and borrowing power. The meeting will also consider and approve the Directors Report, Management Discussion Analysis, Corporate Governance Report, and other annexures for the FY 2023-24. Additionally, the board will fix the date for the 17th Annual General Meeting, consider and appoint the Internal Auditor, and authorize directors and authorized representatives for attending annual general meetings of investee companies.

Key Highlights

  • Board meeting scheduled on 02/09/2024 to consider various matters
  • Approval of increasing the limit up to Rs. 200 crores for related party transactions
  • Increasing the limit up to Rs. 200 crores for investments, loans/guarantees & advances
  • Approval of increasing the borrowing power up to Rs. 200 crores
  • Consideration and approval of Directors Report, Management Discussion Analysis, Corporate Governance Report, and other annexures for FY 2023-24