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Banganga Paper Industries Announces Key Approvals By The Board Of Directors
Mumbai (Maharashtra) [India], January 29: Banganga Paper Industries Limited (BSE – 512025), (Formerly known as Inertia steel Limited), has announced the approval of several key proposals by its Board of Directors during its recent board meeting, aimed at supporting the company’s growth and operational flexibility. The Board has approved borrowing exceeding the prescribed limits under the [...]
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“Banganga Paper Industries Announces Key Approvals By The Board Of Directors”
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29 Jan 2025
Mumbai (Maharashtra) [India], January 29: Banganga Paper Industries Limited (BSE – 512025), (Formerly known as Inertia steel Limited), has announced the approval of several key proposals by its Board of Directors during its recent board meeting, aimed at supporting the company’s growth and operational flexibility.
The Board has approved borrowing exceeding the prescribed limits under the Companies Act, 2013, enabling the company to access additional funds for expansion and operations. This approval also includes the creation of a charge or mortgage on the company’s assets to secure such borrowings. These measures are subject to shareholder approval in the upcoming Extraordinary General Meeting.
