Noida-based IT agency Bharatiya International Infomedia will search shareholders approval to reinforce the borrowing restrict to as much as Rs 150 crore for at its annual common assembly to be held on September 30, in line with a report.
The corporate will search approval to create mortgage and hypothecations on all or any of its immovable property for elevating as much as Rs 150 crore, the corporate mentioned in its annual report.
“Protecting in view the corporate’s current and future monetary necessities to assist its enterprise operations, the Firm could wants extra funds. For this objective, the Firm could require finance from varied banks or monetary establishment and or lending establishments or Our bodies company or people or such different individuals as could deem match by Firm…Therefore it’s proposed to extend the utmost borrowing limits as much as Rs 150 Solely,” Bharatiya International Infomedia (BGIL) explanatory notice mentioned.
The corporate had posted a consolidated income of Rs 11.33 crore and a revenue after tax of Rs 6.36 lakh within the monetary 12 months ended March 31, 2021.
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