Adcounty Media India Ltd Board Approves Doubling Borrowing Limits, Revises Key Director Remuneration
Adcounty Media India Ltd conducted its Board meeting on June 23, 2026, approving several significant operational and financial changes for the company. The resolutions, which are subject to subsequent approval by members through postal ballot, included substantial increases in borrowing capacity, encumbrance limits, and approvals for related party transactions (RPTs).Key aspects of the Board meeting included major revisions to the company's financial ceilings:
| Financial Parameter | Existing Limit | Approved New Limit |
|---|---|---|
| Borrowing Limit | ₹100 Crores | ₹200 Crores |
| Encumbrance/Mortgage Creation Limit | ₹100 Crores | ₹200 Crores |
| Financing Limit (Section 186) | ₹100 Crores | ₹200 Crores |
| Loan Guarantee Capacity | Not Specified | Up to ₹200 Crores |
The Board also approved the advancement of loans, guarantees, or provision of security up to an aggregate amount not exceeding ₹200 Crores.
Material Related Party Transactions (MRPTs) were approved by the Board with three entities: Athena Media Technologies Pte. Ltd., PK Expert Solutions Pte. Ltd., and Aventuro Advisory Pte. Ltd.
Executive Remuneration Approved
Following the recommendation of the Nomination and Remuneration Committee, the Board considered and approved a revision in the remuneration of four Executive Directors. The salary structure for these directors was increased from ₹2,00,000 per month to ₹5,00,000 per month, along with applicable allowances and perquisites.The directors whose compensation was revised are:
- Mr. Aditya Jangid (Chairman and Joint Managing Director)
- Mr. Chandan Garg (Joint Managing Director)
- Mr. Abbhinav Rajendra Jain (Whole-Time Director & CFO)
- Mr. Delphin Varghese (Whole-Time Director)
The Board also approved the draft of the Postal Ballot Notice, which will be circulated to members in due course for seeking approval for all the aforementioned matters. The meeting commenced at 2:00 P.M. and concluded at 4:00 P.M.
Stock Price Movement
Adcounty Media India Ltd settled steady at ₹101.40 at the close of trade today. The shares moved throughout the day, ranging between a low of ₹101.40 and an intraday high of ₹103.40.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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