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As on : 01-Aug-2026
Corporate News
01-Aug-2026     23:35

PTC Industries shareholders approved resolutions including a Qualified Institution Placement and borrowing increases

PTC Industries Limited shareholders overwhelmingly approved four special resolutions at an Extraordinary General Meeting held on August 1, 2026, according to a report by Scrutinizer Amit Gupta of Amit Gupta & Associates. Resolutions included a Qualified Institution Placement to raise capital, an increase in borrowing limits under Section 186 of the Companies Act, an increase in borrowing powers, and the creation of a charge for borrowings. Voting, conducted via remote e-voting and video conference, saw near-unanimous support for each resolution, with votes in favor ranging from 94.24% to 99.52%. While the video conference participation was limited to six members, their votes were unanimous in favor of all resolutions. Company Secretary Pragati Gupta Agrawal confirmed the results.

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