Loan & Debt24 Sept 2026, 10:16 pm
Regal Entertainment Approves Borrowing Limit of ₹20 Cr
AI Summary
Regal Entertainment & Consultants Ltd announced that its shareholders, during the 34th Annual General Meeting held on September 23, 2026, approved an increase in the company's borrowing limits to an aggregate amount of ₹20 Crores. This approval, made under Section 180(1)(c) of the Companies Act, 2013, also includes the creation of charges and/or hypothecation not exceeding ₹20 Crores under Section 180(1)(a). Additionally, the shareholders approved an alteration to the Memorandum of Association, increasing the authorized share capital from ₹14 Crores to ₹40 Crores.
Key Highlights
- Shareholders approved borrowing limits up to ₹20 Crores.
- Company authorized to create charges up to ₹20 Crores.
- Authorized share capital increased from ₹14 Cr to ₹40 Cr.
- Approvals were granted at the 34th Annual General Meeting.
Price Impact
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