Board Meeting5 Aug 2026, 03:25 pm
Simandhar Impex Board Approves Unaudited Results, Hikes Borrowing Limit
AI Summary
Simandhar Impex Limited's Board of Directors met on August 5, 2026, approving the unaudited standalone financial results for the quarter ended June 30, 2026. The board also approved the appointment of M/s. V.K. Surana & Co. as the Internal Auditor for FY 2026-27. Additionally, subject to shareholder approval, the company plans to increase its borrowing limits from ₹100 crore to ₹500 crore and create security over its assets to secure these borrowings. Approval for limits under Section 186 of the Companies Act, 2013, was also granted, pending member approval.
Key Highlights
- Board approved unaudited standalone financial results for Q1 FY27.
- Appointed M/s. V.K. Surana & Co. as Internal Auditor for FY 2026-27.
- Proposed to increase borrowing limits from ₹100 crore to ₹500 crore.
- Will seek shareholder approval for increased borrowing and asset security.
- Approved limits under Section 186, pending member approval.
Price Impact
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