Investment9 Mar 2026, 09:54 pm
Storage Technologies and Automation Ltd. Approves ₹16.50 Crore Borrowing for Land Purchase and Factory Construction
AI Summary
The Board of Directors of Storage Technologies and Automation Ltd. has approved, pursuant to Section 179(3)(d) and other applicable provisions of the Companies Act, 2013, borrowing a sum not exceeding ₹16.50 crore for the purpose of purchasing land and constructing a factory building. The decision was made during a Board meeting held on 9th March 2026, which commenced at 05.45 p.m. and concluded at 9.30 p.m.
Key Highlights
- Storage Technologies and Automation Ltd. to borrow ₹16.50 crore for land purchase and factory construction
- The borrowing is approved under Section 179(3)(d) and other applicable provisions of the Companies Act, 2013
- The decision was made during a Board meeting held on 9th March 2026