💨 Abstract

Banganga Paper Industries Limited, a leading craft paper manufacturer, has received approval from its Board of Directors for key proposals aimed at promoting growth and operational flexibility. These proposals include exceeding borrowing limits under the Companies Act 2013 and creating a charge or mortgage on the company's assets to secure these borrowings. These decisions are subject to shareholder approval during an Extraordinary General Meeting scheduled for February 21, 2025.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖