BLB Limited Board Approves Up to Rs 50 Crores in Loans and Fixes Date for 45th AGM
BLB Limited, in a recent decision by its Board of Directors, approved provisions related to advancing loans and setting the date for the company's upcoming Annual General Meeting (AGM). The board meeting concluded with approvals covering financial commitments and the necessary materials for the AGM pertaining to the financial year 2025-26.The Board considered and sanctioned the advancement of loans, providing guarantees, or offering security in connection with any loan to a person or body corporate covered under Section 185 of the Companies Act, 2013. This commitment is limited to an aggregate amount not exceeding Rs 50.00 Crores. The approval for this provision is subject to the subsequent approval of the members of the Company and other necessary authorizations from relevant authorities, as deemed fit by the Board.
In addition to financial approvals, the company's board focused on scheduling its annual meeting. The Board decided to convene the 45th Annual General Meeting (AGM) for the Financial Year 2025-26. This AGM is scheduled to be held on Friday, July 24, 2026, and will be conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM) Facility.
The Board also reviewed and approved several key documents in preparation for the meeting. These include the Notice of the 45th AGM, along with the company's Board's Report, Management Discussion and Analysis Report, and Corporate Governance Report, all covering the financial year 2025-26.
The company is required to submit the Notice of the 45th AGM and the Annual report within the prescribed timeframe to the Stock Exchanges.
BLBLIMITED Stock Price Movement
BLB Limited shares tumbled today, settling at ₹14.87 after shedding ₹0.59 in a 3.81% drop. The stock traded within an intraday range between ₹14.78 and ₹15.49, with a total volume of 182,163 shares recorded.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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