Satani Bearings Ltd. Announces Board Meeting and Key Business Proposals
Satani Bearings Ltd. announced that a meeting of its Board of Directors is scheduled for Tuesday, March 31, 2026, at the company’s registered office. The meeting will address several key business matters.Key Proposals on the Agenda:
The Board will consider a proposal to increase the company’s authorized share capital.Furthermore, the board intends to discuss raising funds through the issuance of equity shares, convertible bonds, debentures, convertible warrants, preference shares, or other equity-linked securities. Potential methods include a rights issue, private placement, preferential issue, or placement to qualified institutions.
The Board will also evaluate and approve the creation of a charge or mortgage on movable and immovable properties to secure borrowings up to 500 Crores. Additionally, they will consider approving borrowing limits of up to 3500 Crores.
Satani Bearings Ltd. also plans to consider and approve a limit of up to 1500 Crores for investments, loans, guarantees, and securities.
Other agenda items include the appointment of a Company Secretary and Compliance Officer, the approval of a draft notice and scheduling of an Extraordinary General Meeting (EGM), and the proposal to incorporate a wholly-owned subsidiary in Dubai, United Arab Emirates. The board will also address adopting the Memorandum of Association (MoA) and Articles of Association (AoA) in accordance with the Companies Act, 2013.
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