Boston Commerce Limited's Board has approved proposals to borrow up to ₹100 Crores and acquire businesses worth ₹100 Crores for each financial year up to and including FY 2028-29. These decisions aim to support business expansion, acquisitions, and working capital requirements. The approvals are subject to shareholder consent via a Special Resolution at an ensuing Extraordinary General Meeting (EGM) and other statutory clearances.

The Board authorised the evaluation, negotiation, and finalisation of acquisitions for ongoing businesses and strategic assets. The borrowing limit encompasses inter-corporate loans, term loans, working capital facilities, and non-convertible instruments. Additionally, the Board approved the monetisation, restructuring, or disposal of non-income generating and non-core assets to optimise business resources and unlock shareholder value.

Key Approvals

In a move to enhance operational efficiency, the Board appointed Accurate Securities and Registry Private Limited as the new Registrar and Share Transfer Agent (RTA), replacing Adroit Corporate Services Private Limited. This change is subject to necessary statutory and regulatory approvals. The Board also updated the list of authorised signatories for bank accounts and statutory records to align with the current Board composition.

Governance and Compliance

The Board approved the adoption of a new Memorandum of Association (MOA) and Articles of Association (AOA) to align with the Companies Act, 2013 and SEBI regulations. This change also requires shareholder approval via a Special Resolution. The Board noted that a request from promoters for reclassification from the Promoter Category to the Public Category was not considered due to deficiencies in the submitted information.

The meeting was held on July 13, 2026, at the company's registered office in Ahmedabad. Managing Director Ghanshyam Dhananjay Gavali signed the regulatory filing submitted to BSE Limited.

Boston Commerce Limited has scheduled a board meeting for July 7, 2026, to consider raising funds up to an aggregate amount of ₹100 Crores for each financial year up to and including the Financial Year 2028-29. The funds are intended to be raised through Inter-Corporate Loans, borrowings, advances, and the issue of equity shares or warrants via private placement. This strategic move aims to strengthen the company's financial flexibility for business operations and potential investments.

The board will also consider a request from the promoter(s) for reclassification from the Promoter Category to the Public Category under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Other key agenda items include entering into related party transactions and acquiring an ongoing business or investing in a new business segment, each capped at ₹100 Crores annually.

In a significant structural shift, the board will deliberate on a proposed Scheme of Capital Reduction of the Company, as previously discussed in the meeting held on June 5, 2026. The meeting will also address the restructuring or disposal of non-core and non-income generating assets through methods such as slump sale, demerger, or spin-off.

Operational governance measures are on the agenda, including the appointment of a Secretarial Auditor, Statutory Auditor, and Internal Auditor, all based out of Ahmedabad. The board will also consider appointing a Company Secretary and Compliance Officer, as well as a Chief Operating Officer (COO) to strengthen business management.

Further, the directors will consider adopting a new set of Memorandum of Association and Articles of Association, shifting the Registered Office, and updating the list of authorized signatories. The board plans to reconstitute its committees and may convene an Extra-Ordinary General Meeting via video conferencing to seek shareholder approval for these proposals.

Key Agenda Items for Board Meeting