Adcounty Media India Ltd's board has approved raising the company's borrowing limit to ₹200 crore from ₹100 crore, subject to shareholder approval. The board also increased the limit for creating mortgages, charges, and hypothecations on the company's assets to ₹200 crore from ₹100 crore to secure borrowings. These decisions were taken during a board meeting held on June 23, 2026, and are subject to approval by members through a postal ballot.

The board approved providing loans, guarantees, or securities under Section 185 of the Companies Act, 2013, up to an aggregate amount not exceeding ₹200 crore. Furthermore, the limit under Section 186 of the Companies Act, 2013 was increased from ₹100 crore to ₹200 crore. The board also approved material related party transactions with Athena Media Technologies Pte. Ltd., PK Expert Solutions Pte. Ltd., and Aventuro Advisory Pte. Ltd., in accordance with the Companies Act, 2013 and SEBI (LODR) Regulations, 2015.

On the recommendation of the Nomination and Remuneration Committee, the board approved a revision in the remuneration of four executive directors. The monthly remuneration was increased from ₹2,00,000 to ₹5,00,000, inclusive of applicable allowances and perquisites. The revised remuneration is subject to shareholder approval.

The directors whose remuneration was revised include Mr. Aditya Jangid, Chairman and Joint Managing Director; Mr. Chandan Garg, Joint Managing Director; Mr. Abhinav Rajendra Jain, Whole-Time Director & CFO; and Mr. Delphin Varghese, Whole-Time Director. The board also approved the draft of the Postal Ballot Notice to seek shareholder approval for these matters, which will be circulated to members in due course.

Approvals Summary

Adcounty Media India Limited has completed the electronic dispatch of postal ballot notices to seek shareholder approval for the appointment of two directors. The company seeks consent for appointing Mr. Prateek Bhansali as an Independent Director and Mr. Kumar Saurav as a Whole-time Director designated as Executive Director. The notices were sent via email on Tuesday, May 26, 2026, to members whose names appeared on the Register of Members as of Friday, May 22, 2026.

Postal Ballot Schedule and Eligibility

The remote e-voting facility will be available from Wednesday, May 27, 2026, at 09:00 A.M. IST until Thursday, June 25, 2026, at 05:00 P.M. IST. Shareholders holding shares as of the cut-off date, Friday, May 22, 2026, are eligible to participate. The results of the postal ballot are expected to be declared on or before Monday, June 29, 2026. Mr. Abhishek Goswami, a Practicing Company Secretary, has been appointed as the scrutinizer to oversee the process.

Resolutions for Approval

The postal ballot notice contains two special resolutions. The first resolution seeks approval for the appointment of Mr. Prateek Bhansali (DIN: 10168425) as an Independent Director for a term of five years. The second resolution proposes the appointment of Mr. Kumar Saurav (DIN: 09443543) as a Whole-time Director designated as Executive Director for a period of five years.

Compliance and Contact Information

The company has engaged National Securities Depository Limited (NSDL) to facilitate the remote e-voting process. The notice and explanatory statement are available on the company's website and the websites of BSE Limited and NSDL. Garima Malik, Company Secretary and Compliance Officer, confirmed the completion of the dispatch process. Members who have not received the notice may write to cs@adcountymedia.com .