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AEGISLOG
In a major financial development, the Board of Directors of Aegis Logistics Limited (BSE: 500003, NSE: AEGISLOG) approved strategic proposals during its meeting held on September 28, 2026. The board has cleared plans to scale the company's total borrowing capability up to Rs. 6,000 crores and authorized a fresh fund-raising program aggregating up to Rs. 6,000 crores, subject to shareholder approval via special resolutions.
Key Highlights & Core Takeaways:
* Increased Borrowing Capacity: Approved an increase in borrowing limits under Section 180(1)(c) of the Companies Act, 2013, reaching an aggregate limit of up to Rs. 6,000 crores.
* Creation of Security / Charge: Authorized the creation of charges or mortgages over the company’s assets and properties under Section 180(1)(a) of the Companies Act, 2013, aligned with the revised borrowing limits.
* Capital Raise Approval: Sanctioned fundraising up to Rs. 6,000 crores in one or more tranches, in either Indian Rupees or foreign currencies.
*Multi-Instrument Options: The capital can be raised through various instruments, including equity shares, Foreign Currency Convertible Bonds (FCCBs), American Depository Receipts (ADRs), Global Depository Receipts (GDRs), debentures, non-convertible debt instruments, and Qualified Institutional Placements (QIPs). *Shareholder Consent via EGM: An Extraordinary General Meeting (EGM) will be convened to seek approval from shareholders for these special resolutions. *Delegation to Committee: The Board authorized its internal Fund Raising Committee to determine exact structures, pricing, and timelines, and to execute the implementation process.#StockInNews#PersonalFinance#Miscellaneous
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