J.Kumar Infraprojects Limited — Others, 27-06-2025: Shareholders meeting

J. Kumar Infraprojects Limited has announced a postal ballot to seek shareholder approval for providing guarantees or security up to ₹3,000 Crores to support loans taken by its 49%-owned associate, J. Kumar-NCC Private Limited. This funding will be used for JK-NCC’s infrastructure projects, including the design, construction, and operation of a twin tunnel in Mumbai. The transaction is considered material, representing over 52% of JKIL’s consolidated turnover. The arrangement aims to facilitate JK-NCC’s business growth, aligning with JKIL’s strategic interests. Voting will be conducted exclusively through remote e-voting.