Megastar Foods Limited — Others, 03-03-2025: Shareholders meeting

Megastar Foods Limited has issued a Postal Ballot Notice to its shareholders to obtain approval for three key resolutions. First, an increase in borrowing limits under Section 180(1)(c) of the Companies Act to ₹1,000 crore, aimed at supporting operational needs and expansion plans. Second, a similar increase in limits for creating mortgages or charges against company assets to secure these borrowings. Lastly, they are seeking consent for related party transactions with Ganesh Flour Mills, with a potential aggregate value of up to ₹50 crore for FY 2025-26. This strategic move could enhance liquidity and operational flexibility, positively influencing investor sentiment towards growth prospects. Voting through e-voting will be accessible from March 5 to April 3, 2025.