Britannia shareholders reject resolution for ₹ 5,000-cr cap on investment, loan, guarantees and security

Shareholders of Britannia Industries have voted against a special resolution for approval of limits for making investments, loans, guarantees and security amounting to up to cr 5,000 crore.

“Approval of limits for making investment, loans, special guarantees and security under Section 186 of the Companies Act, 2013 not passed with requisite majority,” the company said in a recent stock market notification.

However, the special resolution regarding re-appointment of Keki Elavia as an independent director and that pertaining to approval of the remuneration payable to Nusli N Wadia, Chairman and Non-Executive Director of the company, for the financial Year 2021-22 were both passed with requisite majority.

Published on

July 05, 2022

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