Global Infratech & Finance approves ₹50 crore borrowing limits
Global Infratech & Finance Limited secured shareholder approval to raise borrowing and loan limits to ₹50 crore each through a postal ballot process. The resolutions were passed with 100% of valid votes in favour, with promoters casting 1,150,000 votes in favour.
*this image is generated using AI for illustrative purposes only.
Global Infratech & Finance Limited has secured shareholder approval to raise its borrowing and loan limits to ₹50 crore each through a postal ballot process. The resolutions were passed with a requisite majority, as detailed in the scrutinizer report submitted to BSE Limited on June 27, 2026. The approval authorizes the company to borrow funds and extend financial assistance within the stipulated caps under the Companies Act, 2013.
Key Approvals
The postal ballot results, certified by Mrs. Kriti Daga, Practicing Company Secretaries, confirmed three primary resolutions. Shareholders approved the company's borrowing limits up to ₹50 crore under Section 180(1)(c) of the Companies Act, 2013. Additionally, the limits for granting loans, providing guarantees, or offering security were fixed at ₹50 crore under Section 185 of the Act. Furthermore, the company received approval for investments, loans, guarantees, and securities up to ₹50 crore under Section 186 of the Companies Act, 2013.
Voting Results
The remote e-voting period commenced on May 28, 2026, and concluded on June 26, 2026. A total of 5,969 shareholders were on the record date. The resolutions received 1,150,080 votes polled, representing 81.00% of the outstanding shares. Promoters held 1,150,000 shares, all of which were voted in favour. Public shareholders cast 80 votes, with 72 in favour and 8 against. All three special resolutions were passed with 100% of the valid votes cast in favour.
Breakdown of Resolutions
| Resolution Description | Section of Companies Act, 2013 | Approved Limit |
|---|---|---|
| Borrowing limits | Section 180(1)(c) | ₹50 crore |
| Loans, guarantees, or security | Section 185 | ₹50 crore |
| Investments, loans, guarantees, securities | Section 186 | ₹50 crore |
The filing was submitted to the stock exchange in compliance with Regulation 30 of the SEBI LODR Regulations, 2015. The postal ballot process was conducted in accordance with the Postal Ballot Rules, 2013.
Historical Stock Returns for Global Infratech & Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.98% | +4.01% | +10.35% | +265.40% | +265.40% | +265.40% |
What specific projects or acquisitions does Global Infratech & Finance Limited plan to fund with the newly approved ₹50 crore borrowing limit?
How will the increased capacity to provide loans and guarantees impact the company's liquidity position and risk management strategy?
Will the company seek to raise these funds through debt instruments, bank loans, or other financial instruments, and what are the expected interest costs?
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