CDG Petchem shareholders approved 12 resolutions at its EGM, including a change of company name and shifting its registered office from Telangana to Punjab.
Shareholders authorized borrowing limits of ₹500 crore and limits for loans/guarantees of ₹500 crore under Sections 180 and 186 of the Companies Act.
The meeting regularized the appointments of five directors and approved the adoption of new Memorandum and Articles of Association.