F Mec International Financial Services Ltd — Board Meeting, 21-07-2025: Board Meeting
21-07-2025 | 04:20 pm
21-07-2025 | 04:20 pm
F MEC International Financial Services Limited's board has approved calling an Extra-Ordinary General Meeting (EGM) for shareholders' approval to increase the company's overall borrowing limits. The proposed new limit will not exceed Rs. 80 Cr or the aggregate of paid-up capital and free reserves, whichever is higher. This move aims to support the company's working capital needs and future capital expenditure programs. The EGM will also cover related procedural approvals, including e-voting facility arrangements. This decision is significant as it provides financial flexibility for growth and operational funding.
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