StockWatch
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Diversified Commercial Services
Board Meeting3 Jul 2026, 12:53 pm

SP Capital Approves ₹95 Cr Related Party Transaction, ₹200 Cr Borrowing Limit

AI Summary

SP Capital Financing Ltd announced the outcome of its board meeting held on July 03, 2026. The board approved a Material Related Party Transaction with Pride Hotels Limited, not exceeding ₹95 crore, subject to shareholder approval. Additionally, the borrowing powers of the company have been enhanced, allowing the board to borrow up to ₹200 crore, also subject to shareholder consent. The board also approved the draft Postal Ballot Notice and set July 03, 2026, as the cut-off date for remote e-voting eligibility. The meeting commenced at 12:04 p.m. and concluded at 12:42 p.m.

Key Highlights

  • Approved Material Related Party Transaction up to ₹95 crore with Pride Hotels Limited.
  • Enhanced borrowing powers to ₹200 crore, subject to shareholder approval.
  • Approved draft Postal Ballot Notice for seeking shareholder consent.
  • Fixed July 03, 2026, as the cut-off date for remote e-voting.