Medico Intercontinental Ltd — Important, 01-10-2025: Company Update

Shareholders have approved several key proposals, significantly enhancing the company's financial and operational flexibility. Members increased borrowing limits from Rs. 20 Cr to Rs. 100 Cr, enabling future growth, alongside approvals for creating charges on company assets to secure these. Other approvals include adopting audited financial statements, reappointing Mrs. Tanvi Samirbhai Shah as Director, and appointing M/s. Agarwal & Mehta as Secretarial Auditor for five years. Shareholders also approved increased remuneration for Managing Director Mr. Samir Shah, higher limits for company loans, investments, and guarantees, plus permission for related party transactions. This provides greater strategic maneuverability.