C2C Advanced Systems Board Approves Borrowing Limit, Sets Rs 60 Crore Cap
The Board of Directors of C2C Advanced Systems Limited approved a key resolution authorizing the company to borrow funds as deemed necessary for its business operations. This decision was taken during a meeting held on Tuesday, July 07, 2026.As recommended by the Audit Committee, the Board authorized the company's borrowing limit. The authorization allows the company to obtain sums of money as required for its business purposes.
The approval established clear financial guidelines for the borrowing. It stipulated that the aggregate amount borrowed, including existing debt, must not exceed the combined total of the Company’s paid-up share capital, free reserves, and securities premium. Furthermore, the resolution mandated that the total outstanding borrowings at any point in time shall not surpass Rs 60,00,00,000/- (Rupees Sixty crore Only).
The Board meeting commenced at 03:30 P.M and concluded at 04:10 P.M.
C2C Stock Price Movement
Shares of C2C Advanced Systems Limited today slipped by 2.40% to settle at ₹417.6, losing ₹10.25 in trading. The stock traded a volume of 99,750 shares during the session.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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