SJ Logistics approves higher borrowing limits at EGM

S J Logistics (India) Limited concluded its 1st Extra-Ordinary General Meeting (EGM) for the financial year 2026-27 on July 08, 2026, approving resolutions to enhance its financial flexibility and operational structure. The meeting, conducted via Video Conference, saw shareholders pass five special resolutions aimed at increasing borrowing powers and modifying investment limits. These approvals are critical for the company to secure future funding and manage its capital structure effectively.

Key Resolutions Approved

The shareholders approved increasing the borrowing limit under Section 180(1)(c) of the Companies Act, 2013. Concurrently, the company received authorization to create security or charges on its properties to support these enhanced borrowing powers. Additionally, resolutions were passed to limit loans and investments by the company under Section 186 of the Companies Act, 2013, and to provide loans, guarantees, or securities for loans availed by subsidiaries or other specified persons under Section 185.

Item No.	Agenda Details	Type of Resolution
1.	To increase the borrowing limit under section 180(1)(c) of the Companies Act, 2013	SPECIAL
2.	To create the security/ charge on the properties of the company for the enhanced borrowing powers	SPECIAL
3.	To limits the loans and investment by the company in terms of the provisions section 186 of the Companies Act, 2013	SPECIAL
4.	To give loan or guarantee or providing security in connection with loan availed by any of the company's subsidiary (ies) or any other person specified under section 185 of the Companies Act, 2013	SPECIAL
5.	To shift the registered office of the company from the jurisdiction of one registrar of companies to another within the same state	SPECIAL

Meeting Proceedings

The meeting was chaired by Mr. Rajen Hasmukhlal Shah, Chairman & Managing Director, and attended by 19 members and 4 director-shareholders. Key managerial personnel, including Mr. Kulshekhar Kumar (Whole-Time Director) and Mr. Jeet Rajen Shah (Director & Chief Financial Officer), were present alongside independent directors. The statutory registers and relevant documents were made available for inspection by members upon request.

The EGM commenced at 04:00 PM IST and was declared concluded at 04:12 PM IST, with e-voting closing at 04:27 PM IST. NSDL facilitated the remote e-voting and video conferencing services. The company secretary, Ms. Richa Gupta, confirmed that no queries were received from members for speaker registration during the proceedings.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.07%	-8.93%	-8.84%	-4.32%	-26.26%	+66.86%

SJ Logistics (India) Limited has scheduled its first Extra-Ordinary General Meeting (EGM) for Wednesday, July 6, 2026, at 4:00 PM IST via Video Conference (VC) and Other Audio Visual Means (OAVM). The meeting seeks shareholder approval to increase the company's borrowing limit to ₹500 Crores, create security on assets, and shift its registered office within Maharashtra. These resolutions aim to enhance financial flexibility and improve administrative efficiency.

Key Resolutions

The Board of Directors proposes five special resolutions. The table below outlines the key agenda items:

Resolution No.	Subject
Resolution 1	Increase in borrowing limit under Section 180(1)(c) of the Companies Act, 2013
Resolution 2	Creation of security/charge on company properties
Resolution 3	Approval of limits for loans and investments under Section 186 of the Companies Act, 2013
Resolution 4	Approval for loans/guarantees to subsidiaries under Section 185 of the Companies Act, 2013
Resolution 5	Shifting of registered office from ROC Mumbai-II to ROC Mumbai-I

Financial Proposals

The company requests authorization to borrow up to ₹500 Crores, or 100% of the aggregate of paid-up share capital, free reserves, and securities premium, whichever is higher. Funds may be raised via term loans, external commercial borrowings, or inter-corporate deposits. Shareholders will also vote on creating encumbrances on movable and immovable assets to secure these borrowings, capped at the same limit.

Additionally, the company seeks approval to make loans, provide guarantees, and offer security up to ₹500 Crores under Section 186. This exceeds the standard 60% threshold of paid-up capital and reserves. Under Section 185, it also seeks approval to extend financial assistance to subsidiaries and associates, restricted to their principal business activities.

Administrative Changes

Resolution 5 proposes moving the registered office from 901/902/903, Centrum, Wagle Estate, Thane – 400604, to 403, Sabari Samriddhi Building, Chembur, Mumbai – 400071. The shift, subject to Regional Director approval, is intended to improve operational convenience and cost optimisation.

E-Voting and Participation

The cut-off date to determine shareholder eligibility is Friday, July 3, 2026. Remote e-voting runs from July 5, 2026 (9:00 AM) to July 7, 2026 (5:00 PM). National Securities Depository Limited (NSDL) is the e-voting agency. Queries may be sent to cs@sjl.co.in .