Khaitan Chemicals & Fertilizers Ltd Approves Increased Borrowing Limits and Asset Charges
The Board of Directors of Khaitan Chemicals & Fertilizers Ltd met on Thursday, May 14, 2026, and transacted several key business matters. During the meeting, the board authorized major corporate actions, including raising the company’s borrowing capacity and establishing security interests over its assets.Under the authority granted by the board, the company received approval to increase its overall borrowing limits. This authorization, under Section 180(1)(c) of the Companies Act, 2013, permits the company to raise or borrow sums deemed appropriate for its purposes. Importantly, the total amount that may be borrowed shall not, at any time, exceed INR 800 crores.
Furthermore, the board approved the creation of various charges and security interests. This measure, governed by Section 180(1)(a) of the Act, authorizes the creation of a security interest of every nature and kind on the movable or immovable assets and properties of the company. These charges can be created both presently and in the future, covering the whole or substantially the whole of the company's undertaking. The security structure is intended for financial institutions, investment institutions, and other lending bodies to secure the payment of the principal, interest, and all other related monies.
The total outstanding aggregate value secured by these charges is also limited to INR 800 Crores (Rupees Eight Hundred Crores Only).
In addition to financial restructuring, the board also authorized the alteration of the company’s Articles of Association (AOA). Specifically, the company was authorized to amend the AOA by deleting articles related to the Common Seal, along with their respective headings.
KHAICHEM Stock Price Movement
As of 10:26 AM, shares of Khaitan Chemicals & Fertilizers Limited are slipping by 1.80% in live trading, currently at ₹56.3. The equity trades on a total volume of 21,860 shares.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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