Indian Infotech & Software has adjourned its scheduled Board of Directors meeting from September 3, 2026, to September 5, 2026. The company cited unavoidable circumstances for the delay.

The rescheduled meeting will take place on Saturday, September 5, 2026, at the company's registered office located at 110, 1st Floor, Golden Chamber Pre CO-OP Soc. Ltd., New Link Road, Andheri West, Mumbai. The agenda items originally circulated for the September 3 session remain unchanged and will be considered during the adjourned meeting.

Anant Chourasia, Managing Director, signed the intimation letter addressed to the Listing Department of BSE Limited on September 3, 2026. The company requested the exchange to record the change and acknowledge receipt.

Indian Infotech & Software has scheduled a Board of Directors meeting for September 3, 2026. The agenda includes significant proposals to increase borrowing and investment limits, subject to shareholder approval at the upcoming Annual General Meeting.

The company seeks to raise its limit for investments, loans, guarantees, and advances to ₹500 crore. This proposal falls under Section 186 of the Companies Act, 2013. Additionally, the board will propose increasing the limit for Related Party Transactions to ₹250 crore.

Key Agenda Items

The meeting will address several critical corporate governance and financial matters:

• Borrowing Power: Proposal to increase borrowing limits to ₹500 crore, exceeding previous member-approved limits under Section 180(1)(c) of the Companies Act, 2013.
• Auditor Appointments: Approval of the Internal Auditor and re-appointment of the Statutory Auditor.
• Director Re-appointment: Recommendation for the re-appointment of Ms. Shilpi Chourasiya (DIN: 09302632), who is retiring by rotation under Section 152(6) of the Companies Act, 2013.
• Annual Reports: Adoption of the Directors Report, Management Discussion Analysis, and Corporate Governance Report for FY25-26.
• AGM Logistics: Fixing dates for the closure of the Register of Members and Transfer Books for the 44th Annual General Meeting. Appointment of a Scrutinizer for the e-voting process.

What the Numbers Show

The proposed increase in borrowing power and investment limits signals a potential shift in capital deployment strategy. With both the investment/guarantee limit and borrowing power capped at ₹500 crore, the company is aligning its debt capacity with its asset acquisition or lending capabilities. The separate ₹250 crore limit for related-party transactions suggests structured internal capital flows that require explicit shareholder oversight.

The meeting will also take on record the Secretarial Audit Report for FY25-26. The Company Secretary will be authorized to conduct the 44th AGM and manage the poll process.