Om Power Transmission Seeks ₹1000 Crore Borrowing Limit

The company is seeking approval for two special resolutions through postal ballot:

Seeks to enhance borrowing limit under Section 180(1)(c) of Companies Act, 2013
Current approved limit: ₹250 crore (approved August 6, 2025)
Proposed new limit: ₹1000 crore (₹1,000 Crore)
Borrowing sources may include banks, financial institutions, bodies corporate, institutional investors, mutual funds
Borrowing instruments may include cash credit, overdraft, loans, advances, deposits, debentures, bonds, commercial papers
May be in Indian Rupees and/or foreign currency
Excludes temporary loans from bankers in ordinary course of business

Seeks authorization to create charge/mortgage/pledge/hypothecation/security on company assets
Security may be created on movable/immovable properties, tangible/intangible assets, present/future undertakings
In favor of lenders, agents, trustees, banks, financial institutions
To secure borrowings up to the approved limit of ₹1000 crore
Includes security for interest, additional interest, compound interest, liquidated damages, commitment charges, premium on prepayment/redemption, costs, charges, expenses

Company is engaged in Engineering, Procurement and Construction (EPC) business
Operates in project-based environment with substantial fund deployment requirements
Working capital needs depend on project tenure, size, number of projects, contract terms, procurement requirements
Requires participation in government and private sector tenders
Needs to furnish various bank guarantees (bid security, performance, advance payment guarantees)
Growing scale of operations and future business requirements necessitate higher borrowing capacity

Remote e-voting through NSDL services
Cut-off date for eligibility: July 3, 2026
Voting period: July 11, 2026 (9:00 AM IST) to August 9, 2026 (5:00 PM IST)
Results declaration: On or before August 11, 2026
Scrutinizer: Ms. Anjali Sangtani (Membership No.: F14118, CP No.: 23630), Partner of M/s. SCS and Co. LLP
Notice sent only through electronic mode to registered email addresses
Physical copies not being sent to members