ABS Marine Services Limited — Board Meeting, 25-02-2025: Outcome of Board Meeting

The Board of Directors of ABS Marine Services Limited has approved an increase in borrowing limits to ₹600 Crore under Section 180(1)(c) of the Companies Act, allowing flexibility in terms of borrowing from financial entities. Additionally, they have authorized the creation of mortgages and charges on the company's properties for securing borrowings, also subject to a limit under Section 180(1)(a) not exceeding ₹500 Crore. Mr. Nagarajan Shree Ram Prassad has been appointed as Scrutinizer for the upcoming postal ballot related to these approvals.