Kalyan Capitals seeks ₹300 crore borrowing power at EGM
Kalyan Capitals Limited has convened an Extraordinary General Meeting on July 23, 2026, primarily to secure shareholder approval for raising its borrowing limit to ₹300 crore. The meeting will also consider the appointment of M/s. SVP & Associates as statutory auditor following the resignation of the previous auditor and approve the relocation of the registered office to New Delhi. Shareholders can vote remotely from July 20 to July 22, 2026.
*this image is generated using AI for illustrative purposes only.
Kalyan Capitals Limited has scheduled an Extraordinary General Meeting (EGM) on July 23, 2026, to seek shareholder approval for increasing its borrowing powers to ₹300 crore from the existing limit of ₹100 crore. The meeting, to be held via video conferencing, will also address the appointment of a new statutory auditor and the shifting of the company's registered office. The remote e-voting period commences on July 20, 2026, and ends on July 22, 2026.
Appointment of Statutory Auditor
The Board recommends the appointment of M/s. SVP & Associates (Firm Registration No. 003838N) as the statutory auditor to fill the casual vacancy caused by the resignation of M/s T.K. Gupta & Associates. The resignation of the previous auditor, effective April 22, 2026, was attributed to the lack of a valid peer-reviewed certificate. If appointed, M/s. SVP & Associates will hold office from the conclusion of the EGM until the conclusion of the ensuing Annual General Meeting.
Borrowing Powers and Asset Charges
Shareholders will consider a special resolution to increase the company's borrowing limit to ₹300,00,00,000. The proposal seeks authorization to borrow funds, whether secured or unsecured, by mortgaging or charging the company's movable and immovable assets. A related special resolution proposes approving the creation of security interests, including mortgages and hypothecation, on present and future properties to secure these borrowings from banks, financial institutions, and other lenders.
Shifting of Registered Office
The EGM agenda includes a special resolution to shift the registered office from Plaza-3, P-204, Second Floor, Central Square, 20, Manohar Lal Khurana Marg, Bara Hindu Rao, Delhi-110006 to B-8, Basement, Greater Kailash, Enclave-I, New Delhi-110048. The Board stated that the move is intended to facilitate better administrative efficiency and improve operational convenience. The company noted that this shift will not adversely affect the interests of shareholders or creditors.
Key Meeting Details
The following table summarizes the key dates and details for the EGM:
| Event | Date/Time |
|---|---|
| EGM Date | July 23, 2026 at 02:00 P.M. |
| Remote E-voting Start | July 20, 2026 at 9:00 a.m. |
| Remote E-voting End | July 22, 2026 at 5:00 p.m. |
| Cut-off Date for Eligibility | July 18, 2026 |
| Venue (Deemed) | Corporate Office, Sahibabad, Ghaziabad |
Mr. Hemant Kumar Sajani of M/s HKS & Associates LLP has been appointed as the scrutinizer for the e-voting process. The facility to appoint a proxy is not available for this meeting, though body corporates may appoint authorized representatives.
Historical Stock Returns for Kalyan Capitals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.06% | -6.74% | -9.40% | +7.79% | -24.88% | +4.39% |
What specific strategic initiatives or capital expenditures is Kalyan Capitals planning to fund with the proposed ₹200 crore increase in borrowing limits?
How will the tripling of borrowing powers impact the company's debt-to-equity ratio and interest coverage ratios in the upcoming fiscal year?
Given the previous auditor's resignation due to compliance issues, what measures are being taken to ensure M/s. SVP & Associates maintains all necessary regulatory certifications?
18
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
