Gujarat Themis Biosyn shareholders approve borrowing limits

1 min read Updated on 06 Jun 2026, 01:00 PM

Reviewed by

Anirudha BScanX News Team

AI Summary

Gujarat Themis Biosyn Limited shareholders approved special resolutions to increase borrowing limits under Section 180(1)(c) and create mortgages under Section 180(1)(a), as well as to authorize loans and investments exceeding Section 186 limits. The resolutions were passed via remote e-voting with over 98% approval, despite opposition from public institutions. The scrutinizer's report confirmed the results on June 4, 2026.

*this image is generated using AI for illustrative purposes only.

Gujarat Themis Biosyn Limited shareholders have approved special resolutions to increase the company's borrowing powers and authorize loans exceeding statutory limits. The resolutions were passed through a remote e-voting process conducted by Central Depository Services (India) Limited (CDSL), with the scrutinizer's report confirming the results on June 4, 2026.

The first special resolution sought approval to increase borrowing limits under Section 180(1)(c) and to create mortgages or charges on the company's assets under Section 180(1)(a) of the Companies Act, 2013. The second resolution aimed to approve limits for giving loans, guarantees, or investments, and to acquire securities of other body corporates in excess of the limits prescribed in Section 186 of the Companies Act, 2013.

Voting Results

The voting process saw participation from various shareholder categories, including promoters and public institutions. The resolutions were passed with a strong majority, though public institutions largely voted against the proposals.

Resolution 1: Borrowing Limits and Mortgage Creation

Category	Votes For	Votes Against	% For	% Against
Promoter and Promoter Group	76,557,741	0	100.00	0.00
Public-Institutions	679	1,277,290	0.05	99.95
Public-Non Institutions	1,517,379	739	99.95	0.05
Total	78,075,799	1,278,029	98.39	1.61

Resolution 2: Loans and Investments Limits

Category	Votes For	Votes Against	% For	% Against
Promoter and Promoter Group	76,557,741	0	100.00	0.00
Public-Institutions	679	1,277,290	0.05	99.95
Public-Non Institutions	1,516,094	6,524	99.57	0.43
Total	78,074,514	1,283,814	98.38	1.62

Procedural Details

The remote e-voting facility was available from May 6, 2026, at 9:00 a.m. IST until June 4, 2026, at 5:00 p.m. IST. CS Ketan Ravindra Shirwadkar of KRS AND CO. served as the scrutinizer for the postal ballot process. The notice for the postal ballot was sent electronically on May 5, 2026, to members whose email addresses were registered as of the cut-off date of May 1, 2026. Advertisements regarding the dispatch of notices were published in the "Western Times" (English and Gujarati editions) on May 6, 2026.

Historical Stock Returns for Gujarat Themis Biosyn

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.72%	-0.58%	+5.02%	+6.52%	+21.71%	+65.10%

How does Gujarat Themis Biosyn plan to utilize the increased borrowing powers?

What specific assets will be mortgaged to secure the new borrowing limits?

How will the company address the concerns raised by public institutions who largely voted against the resolutions?

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Gujarat Themis Biosyn board to meet on June 6 to consider fund raising

1 min read Updated on 03 Jun 2026, 06:28 PM

Reviewed by

Jubin VScanX News Team

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AI Summary

Gujarat Themis Biosyn Limited announced that its Board of Directors will meet on June 6, 2026, to consider raising funds through the issuance of equity shares or securities. The methods under consideration include qualified institutions placement, preferential allotment, or other permissible modes under SEBI regulations. The fund raising is subject to necessary regulatory and statutory approvals.

*this image is generated using AI for illustrative purposes only.

Gujarat Themis Biosyn Limited has scheduled a meeting of its Board of Directors on Saturday, June 6, 2026, to evaluate and consider proposals for raising funds. The primary agenda involves exploring the issuance of equity shares or securities through various modes such as qualified institutions placement, preferential allotment, or a combination thereof.

The proposed fund raising initiative will be conducted in accordance with the applicable provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The company stated that the process is subject to obtaining the required regulatory and statutory approvals.

Meeting Detail	Information
Event	Board Meeting to consider fund raising
Date	June 6, 2026
Purpose	To consider raising funds by way of issue of equity shares/securities through qualified institutions placement or preferential allotment or any other methods
Regulatory Framework	SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018

The intimation regarding the board meeting was submitted to the exchanges pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was made by Vineet Gawankar, Company Secretary & Compliance Officer of Gujarat Themis Biosyn Limited.

Historical Stock Returns for Gujarat Themis Biosyn