Veejay Lakshmi Board Approves AoA Change, Asset Disposal, Borrowing Limit

Veejay Lakshmi Engineering Works Ltd's Board of Directors, in a meeting on June 20, 2026, approved several key proposals subject to shareholder approval via special resolution. These include adopting a new set of Articles of Association aligned with the Companies Act, 2013, and authorizing the disposal of the company's undertaking. Additionally, the board approved increasing the borrowing limit up to ₹70 Crores, exceeding paid-up capital and reserves, as per Section 180(1)(c) of the Companies Act, 2013. A postal ballot will be conducted to seek shareholder consent for these resolutions, with Mr. M. D. Selvaraj appointed as Scrutinizer.