StockWatch
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Non Banking Financial Company (NBFC)
Board Meeting12 Aug 2026, 06:50 pm

Premium Capital Market Board Approves Borrowing Limits Up to ₹100 Cr

AI Summary

Premium Capital Market & Investments Ltd's Board of Directors, in a meeting held on August 12, 2026, approved several key proposals. These include the unaudited financial results for the quarter ended June 30, 2026, along with limited review reports. The Board also sanctioned borrowing limits up to ₹100 Crores under Section 180(1)(c) and approved mortgaging company assets as security for borrowings up to ₹100 Crores under Section 180(1)(a). Additionally, the company received approval to provide loans, guarantees, securities, or make investments up to ₹100 Crores under Section 186. The Draft Directors' Report for FY2025-26 was also approved. All these proposals are subject to shareholder approval.

Key Highlights

  • Board approved unaudited financial results for Q1 FY27.
  • Borrowing limits approved up to ₹100 Crores.
  • Mortgage/charge on assets approved up to ₹100 Crores.
  • Loans/guarantees/investments approved up to ₹100 Crores.
  • Shareholder approval required for key financial decisions.