💸 Epuja Spiritech Prepares For Big Money Moves
Published by OOPSONLINE.IN · Source: scanx.trade · 1 min read · · Updated
🚀 OOPS SAYS
Nothing says "democratic process" like the promoter group showing up with 99% participation to approve their own ₹100 crore loan limit while the rest of the shareholders skipped the meeting.
What actually happened
Shareholders approved a ₹100 crore intercorporate loan limit under Section 186. MoA object clauses altered to reflect expanded business activities. Authorised share capital increased to facilitate future equity raises. Voting participation stood at 35.73% with 40.4 million votes polled. Promoter group voted unanimously in favour with 99.17% participation.
Key points
- Shareholders approved a ₹100 crore intercorporate loan limit under Section 186.
- MoA object clauses altered to reflect expanded business activities.
- Authorised share capital increased to facilitate future equity raises.
- Voting participation stood at 35.
Summary based on data provided by scanx.trade. Full article available at the original publisher.
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- #epuja
- #spiritech