Jet Freight Logistics Board Approves Up To INR 250 Crore Borrowing Limits and Subsidiary Restructuring
Jet Freight Logistics Limited announced several key corporate decisions following its board meeting on August 13, 2026. The approvals include increasing borrowing limits, authorizing charges over movable and immovable properties, setting limits for loans/guarantees, planning a capital infusion into a US-based subsidiary, and proceeding with the voluntary strike off of a Netherlands entity.The company authorized the increase in its borrowing capacity under Section 180(1)(c) of the Companies Act, 2013. This authorization allows the company to raise or borrow funds as deemed necessary, provided that the total borrowed amount does not exceed INR 250 Crores (Indian Rupees Two Hundred and Fifty Crores Only).
Furthermore, the board approved the creation of fixed and floating charges, pledges, hypothecation, and mortgages against all or any part of the movable or immovable properties of Jet Freight Logistics. This authorization enables securing borrowed amounts through various instruments up to a maximum indebtedness limit of INR 250 Crores (Indian Rupees Two Hundred and Fifty Crores Only).
Regarding lending limits, the company approved a resolution capping loans, guarantees, or security provided to any person or corporate body at a maximum extent not exceeding INR 150 Crores (Indian Rupees One Hundred and Fifty Crores Only).
Subsidiary Strategy and Capital Infusion
The board also considered strategies concerning its international subsidiaries. A decision was made regarding the infusion of capital into Jet Freight Logistics INC, based in Delaware, United States of America. This investment is intended to enable the wholly owned subsidiary to capitalize on emerging business opportunities in the USA, expand operations, and strengthen the company's global footprint. The additional capital infusion is set to be conducted in one or more tranches up to March 31, 2027, and will be discharged by way of cash consideration.Simultaneously, Jet Freight Logistics B.V., a wholly owned subsidiary incorporated in Netherlands on April 22, 2021, is slated for Voluntary Strike-off and dissolution. The company expects this process to be completed within six months, by the end of January 2027. Upon completion, Jet Freight Logistics B.V. will cease to be a wholly owned subsidiary of the Company.
General Meeting Details
The board approved the date and notice for the company's forthcoming Annual General Meeting (AGM). The 20th Annual General Meeting of members is scheduled for Wednesday, September 23, 2026, at 11:30 A.M., which will be held via Video conference (VC) or Other Audio-Visual Means (OAVM). The cutoff date for determining membership eligibility and participation in remote e-voting is set as Wednesday, September 16, 2026.Key details regarding the company's financial authorizations and subsidiary status are summarized below:
| Financial Authorization | Maximum Limit | Section Reference |
|---|---|---|
| Total Borrowing Limits | INR 250 Crores | Section 180(1)(c) of Companies Act, 2013 |
| Security/Charge Creation Limit | INR 250 Crores | Section 180(1)(a) of Companies Act, 2013 |
| Loans/Guarantees Limit (to corporates) | INR 150 Crores | Section 186 of the Companies Act, 2013 |
JETFREIGHT Stock Price Movement
Jet Freight Logistics Limited's shares slipped by 2.16% to settle at ₹22.29 on Thursday after trading closed. A total of 150,064 shares were transacted during the day as the stock declined.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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