Key Quantitative Figures
- Borrowing Limit Increase: ₹200,00,00,000 (Rupees Two Hundred Crore only) as total outstanding borrowing limit
- Related Party Transactions:
- ₹25,00,00,000 (Rupees Twenty-Five Crore only) from Team India Managers Limited
- ₹25,00,00,000 (Rupees Twenty-Five Crore only) from New Berry Advisors Limited
- FY 2025-26 Turnover: ₹520 lakh (₹5.20 crore) as per audited financial statements
- Interest Rate: 9% per annum for both related party borrowings
Dates of Action
- AGM Date: Monday, 21st September 2026 at 3:00 PM IST
- Cut-off Date for E-voting: Monday, 14th September 2026
- Remote E-voting Period: Wednesday, 16th September 2026 (9:00 AM) to Sunday, 20th September 2026 (5:00 PM)
- Director Appointment: Mr. Anil Poddar appointed from 14th August 2026 for 5-year term until 13th August 2031
Parties Involved
- Related Parties: Team India Managers Limited (TIML), New Berry Advisors Limited (NBA)
- Regulators: SEBI, RBI, Ministry of Corporate Affairs
- Scrutinizer: Mr. Aabid Mohammed (Aabid & Co, Company Secretaries)
- RTA: MUFG Intime India Pvt Ltd (formerly Link Intime India Private Limited)
- E-voting Provider: Central Depository Services (India) Limited (CDSL)
Resolutions Proposed
Ordinary Business:
1. Adoption of Audited Financial Statements for FY ended March 31, 2026 with Board and Auditor reports
2. Re-appointment of Mr. Surajkumar Saraogi (DIN: 00004498) who retires by rotation
Special Business:
3. Special Resolution: Increase borrowing powers under Section 180(1)(c) to ₹200 crore outstanding limit
4. Special Resolution: Regularize appointment of Mr. Anil Poddar (DIN: 08963475) as Non-Executive Independent Director for 5 years
5. Ordinary Resolution: Approve material related party transaction with Team India Managers Limited for ₹25 crore unsecured borrowing at 9% interest
6. Ordinary Resolution: Approve material related party transaction with New Berry Advisors Limited for ₹25 crore unsecured borrowing at 9% interest
Voting Procedures
- Remote e-voting available through CDSL platform from September 16-20, 2026
- AGM conducted via video conferencing/other audio-visual means
- Registered office at A-201, Level 2, Marathon NextGen Innova, Ganpatrao Kadam Marg, Lower Parel (West), Mumbai – 400013 deemed as venue
- Members can join meeting 15 minutes before scheduled time
- Facility available for first 1000 members on first-come-first-served basis (exceptions for large shareholders, promoters, institutional investors, directors, KMPs)
Financial Impact
- Borrowing limit increase to ₹200 crore will enable company to meet lending business expansion and working capital requirements
- Related party transactions totaling ₹50 crore will augment funding resources at benchmarked interest rate of 9% per annum
- No financial impact quantified for director appointments
Capital Structure Impact
- No change to share capital structure disclosed
- Mr. Surajkumar Saraogi holds 13,41,000 equity shares (14.91% holding) as of March 31, 2026
- Mr. Anil Poddar holds no shares in the company
Additional Information
- Annual Report for FY 2025-26 uploaded on company website
- Notice and Annual Report sent electronically to members with registered email addresses
- Physical copies available on request
- Members encouraged to update email addresses and demat accounts for green initiative
- Queries can be submitted via email from September 14-18, 2026
- Results to be declared within two working days post-AGM and hosted on company website