Reliable Ventures Board Approves Office Shift, Borrowing Limit Hike
The Board of Directors of Reliable Ventures India Limited, in a meeting held on September 21, 2026, approved several key proposals. These include the shifting of the company's registered office from Madhya Pradesh to Telangana, an increase in borrowing limits under Section 180(1)(C) of the Companies Act, 2013, and enhanced limits for making investments, extending loans, and giving guarantees or providing securities. The board also approved providing loans and guarantees to entities where directors are interested under Section 185 of the Companies Act, 2013. Additionally, an alteration to the Object Clause of the Memorandum of Association was approved. The board also greenlit the notice for an Extra-Ordinary General Meeting (EGM) to be held on October 14, 2026, and appointed M/s. Aakanksha Dubey & Co. as the scrutinizer for the EGM.
Key Highlights
- Board approved shifting registered office to Telangana.
- Increased company borrowing limits under Companies Act.
- Raised limits for investments, loans, and guarantees.
- Approved alteration of Memorandum of Association's Object Clause.
- EGM notice approved for October 14, 2026.
Price Impact
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