Shree Securities Board Approves Loan Thresholds, Director Appointment
Shree Securities Ltd held a Board of Directors meeting on September 4, 2026. Key approvals included the Board's Report, Corporate Governance Report, Management Discussion and Analysis Report, and Secretarial Audit Report for the year ended March 31, 2026. The Board also approved advancing loans, giving guarantees, and providing securities under Section 185 of the Companies Act, 2013. Additionally, they approved an increase in the threshold for loans, guarantees, securities, and investments under Section 186, and raised the investment limit for foreign investors to 49%. Mr. Udayan S Kachchhy was appointed as an Additional Non-Executive Independent Director. The notice for the 33rd Annual General Meeting was approved, scheduled for September 29, 2026, via video conferencing. The AGM will seek member approval for the loan/guarantee/security provisions, increased foreign investment limits, and the appointment of Mr. Kachchhy. M/s. Sunit M. Chhatbar & Co. were approved as Statutory Auditors for FY 2026-27 to FY 2030-31.
Key Highlights
- Board approved annual reports and corporate governance disclosures.
- Approved advancing loans and increasing investment thresholds.
- Increased foreign investment limit to 49% of paid-up capital.
- Appointed Mr. Udayan S Kachchhy as Non-Executive Independent Director.
- Approved 33rd AGM notice and appointment of new Statutory Auditors.
Price Impact
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