SJ Logistics seeks approval for ₹500 Cr borrowing at July 6 EGM
SJ Logistics (India) Limited has convened its first EGM on July 6, 2026, to approve a borrowing limit of ₹500 Crores, create security on assets, and sanction loans to subsidiaries. The meeting also proposes shifting the registered office from Thane to Mumbai for better efficiency. E-voting is open from July 5 to July 7, 2026.
*this image is generated using AI for illustrative purposes only.
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 .
Historical Stock Returns for SJ Logistics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.24% | -10.97% | +15.52% | -5.56% | -31.98% | +84.49% |
What specific strategic initiatives or expansion plans does SJ Logistics intend to fund with the proposed ₹500 Crore borrowing limit?
How will the company's leverage ratios and interest coverage metrics be impacted if the full borrowing capacity is utilized?
Which subsidiaries or associates are the primary targets for the proposed loans and guarantees under Section 185?
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