New Light Apparels Ltd — Others, 12-04-2025: AGM/EGM
12-04-2025 · 01:44 pm
New Light Apparels Limited has submitted the results of a postal ballot, during which shareholders voted remotely on six key resolutions. These included altering the Objects Clause of the Memorandum of Association, increasing the borrowing limit to ₹25 crore, creating security for lenders, allowing loans and investments, appointing Mr. Gurcharan Lal Makkad as an executive director, and clarifying a prior disclosure. All resolutions were approved with overwhelming support, exceeding 99.98% in favor. This strong approval highlights management's enhanced governance and financial flexibility, potentially boosting investor confidence moving forward.
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