Vintage Coffee Enhances Borrowing Limits to ₹1000 Cr

Vintage Coffee And Beverages Ltd announced that its Board of Directors has approved significant enhancements to the company's financial limits. Borrowing limits under Section 180(1)(c) of the Companies Act, 2013, have been increased from ₹500 Crore to ₹1000 Crore. Similarly, the limit for creating charges/mortgages on assets under Section 180(1)(a) has also been raised from ₹500 Crore to ₹1000 Crore. Furthermore, the company's limits for granting loans, making investments, and providing guarantees/securities under Section 186 have been enhanced from ₹500 Crore to ₹1000 Crore. The Board also approved a proposal for raising funds up to ₹325 Crore through various instruments like equity shares, convertible debentures, or other eligible securities via private placement, QIP, or preferential issue, subject to shareholder and regulatory approvals. A postal ballot notice will be issued to shareholders for these approvals.