Shareholders approved authorization for the Board of Directors to borrow from related companies including inter-corporate loans up to an aggregate sum of ₹32,00,00,000 (Rupees Thirty-two crores Only)
Additional borrowing authorization from Directors of the Company aggregating to ₹33,00,00,000 (Rupees Thirty-three Crores Only)
Total related party borrowing authorization: ₹65 crore
Borrowing to be done in tranches
Maximum interest rate not to exceed 12% per annum
Terms and conditions to be mutually agreed upon
2. Director Continuation
Shareholders approved the continuation of Shri Pallapotu Sobhanadri (DIN: 01412002) as Non-Executive & Independent Director
Approval specifically granted for continuation post attaining the age of 75 years
3. Overall Borrowing Limits
Shareholders authorized the Board of Directors to borrow up to a limit not exceeding an aggregate of ₹100 Crore (Rupees Hundred Crore Only)
