
Board Meeting14 Nov 2026, 09:51 pm
Parmax Pharma Board Approves Shifting Registered Office, Enhancing Borrowing Limits
AI Summary
Parmax Pharma Ltd's Board of Directors approved several key agendas during their meeting on November 14, 2026. The company will shift its registered office from Gujarat to Maharashtra, subject to shareholder approval. Additionally, the board approved enhancing borrowing limits to ₹50 crores under Section 180(1)(a) and Section 180(1)(c) of the Companies Act, 2013, also requiring shareholder consent. The appointment of M/s. Bakul V. Ganatra & Co as Internal Auditor for FY 2026-27 was also approved. The consideration of Un-audited Financial Results for the quarter and half-year ended September 30, 2026, was adjourned.
Key Highlights
- Registered office to shift from Gujarat to Maharashtra.
- Borrowing limits enhanced to ₹50 crores.
- Internal Auditor appointed for FY 2026-27.
- Financial results agenda adjourned.
- Shareholder approval required for key decisions.
Price Impact
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