Signatureglobal (India) Limited — Others, 02-07-2025: Shareholders meeting

Signatureglobal (India) Limited has announced a board meeting to consider seeking shareholder approval through a postal ballot via remote e-voting on several special resolutions. These include increasing the borrowing limit from Rs. 3,000 crore to Rs. 6,000 crore to support business expansion and refinancing needs, and approving the creation of charges on the company’s movable and immovable assets up to the enhanced borrowing limit. The company also plans to raise funds by issuing secured listed redeemable non-convertible debentures (NCDs) worth up to Rs. 875 crore on a private placement basis, targeting a broad range of institutional and qualified investors. Additionally, the Articles of Association will be amended to allow appointment of a nominee director by debenture trustees in case of default on debenture obligations. These moves aim to strengthen the company’s financial flexibility and comply with regulatory standards related to debt issuance. Voting will be held electronically, ensuring transparent shareholder participation.