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Prabhhans Industries seeks shareholder approval for borrowing up to Rs 100 crore
29-Jul-2026, 03:01
Prabhhans Industries Limited informed the BSE Limited that its board approved a proposal to seek shareholder approval to authorize borrowing up to Rs 100 crore exceeding the company's paid-up share capital, free reserves, and securities premium. The board also approved waivers for the recovery of excess managerial remuneration paid to Satnam Singh, Harjot Kaur Chawla, and Parminder Kaur, subject to shareholder approval, and approved payment of managerial remuneration in excess of limits prescribed under the Companies Act, 2013, also subject to shareholder approval. Additionally, the board regularized Parveen Bhadana as a Whole Time Director and scheduled the 32nd Annual General Meeting for August 21, 2026.
Prabhhans Industries Limited informed the BSE Limited that its board approved a proposal to seek shareholder approval to authorize borrowing up to Rs 100 crore exceeding the company's paid-up share capital, free reserves, and securities premium. The board also approved waivers for the recovery of excess managerial remuneration paid to Satnam Singh, Harjot Kaur Chawla, and Parminder Kaur, subject to shareholder approval, and approved payment of managerial remuneration in excess of limits prescribed under the Companies Act, 2013, also subject to shareholder approval. Additionally, the board regularized Parveen Bhadana as a Whole Time Director and scheduled the 32nd Annual General Meeting for August 21, 2026.