The Board of Directors of growington ventures approved an overdraft facility of up to ₹1.89 crore from ICICI Bank during a meeting held on July 30, 2026. The financial assistance is secured against fixed deposits with a maximum value of ₹2.10 crore. This move provides the company with short-term liquidity support while maintaining a conservative security structure through its own fixed deposits.

The board meeting took place at the company’s registered office located at Shiv Chamber, 4th Floor, Plot No. 21, Sector - 11, CBD Belapur, Navi Mumbai - 400614. The session commenced at 3:00 P.M. and concluded at 3:50 P.M. During the proceedings, the directors considered and approved the proposal to avail the financial assistance within the specified limits.

Facility Details

The approval allows the company to borrow and avail of the financial assistance subject to the security constraints outlined above. The limit of ₹1.89 crore represents the maximum exposure permitted under this specific arrangement with ICICI Bank.

Authorization and Compliance

Mr. Vikram Bajaj, Director of the company, was authorized to complete all formalities regarding the overdraft facility. This authorization empowers him to execute the necessary documentation and liaise with the bank to operationalize the credit line.

The disclosure was made pursuant to Regulation 30 (Disclosure of Events) of SEBI (LODR), 2015. The notice was issued to the Corporate Compliance Department of BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400 001. Sunita Gupta Maskara, Company Secretary and Compliance Officer (M.No: 57186), signed the communication on behalf of Growington Ventures India Ltd on July 30, 2026.

What the Numbers Show

The structure of this facility indicates a low-risk borrowing approach. By securing a ₹1.89 crore overdraft with fixed deposits worth up to ₹2.10 crore, the company maintains a coverage ratio greater than 100%. This suggests that the liquidity need is likely temporary or working-capital related, rather than indicative of long-term funding stress. The use of internal fixed deposits as collateral minimizes external risk exposure for the lender, potentially allowing for favorable terms despite the small ticket size.

Growington Ventures India Limited held its 16th Annual General Meeting on July 15, 2026, via video conferencing, adopting the audited standalone and consolidated financial statements for the financial year ended March 31, 2026. The meeting approved the re-appointment of Mr. Vikram Bajaj, who retires by rotation, and the statutory auditors. Shareholders also sanctioned the appointment of Mr. Lokesh Patwa as Whole Time Director and Mr. Ankit Jalan as Independent Director, alongside an increase in overall managerial remuneration.

The voting results, disclosed on July 16, 2026, confirmed that all six resolutions were passed with the requisite majority. The remote e-voting process was conducted by the National Securities Depository Limited (NSDL), with Mr. Santosh Kumar Singh of M/s Santosh Singh & Associates serving as the Scrutinizer. The record date for determining shareholder eligibility was July 8, 2026.

Voting Summary

The resolutions covered ordinary and special business items. The total number of votes polled across all resolutions was approximately 148.9 million, representing 23.2% of the outstanding shares. Promoter group participation was 100% through e-voting, while public non-institutional shareholders accounted for the remaining votes.

Procedural Details

The meeting commenced at 09:45 A.M. and concluded at 10:16 A.M. The Chairman, Mr. Vikram Bajaj, chaired the proceedings. The meeting was conducted in compliance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 108 of the Companies Act, 2013. The results of the remote e-voting and the scrutinizers' report have been uploaded to the company's website.