Skipper Limited Shareholders Approve Increased Borrowing Powers and Asset Charges
Skipper Limited announced the results of its e-voting on a postal ballot on December 19, 2025. Shareholders approved two special resolutions with a requisite majority. The first resolution, passed wi...
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Why is Skipper Limited in the news today?
Skipper Limited (SKIPPER) is in the news due to the resolutions related to increasing borrowing powers and creating charges on assets were passed with a significant majority, indicating strong shareholder confidence and support for the company's financial strategies.
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Skipper Limited Shareholders Approve Increased Borrowing Powers and Asset Charges
December 19, 2025, 10:32 AM
Skipper Limited announced the results of its e-voting on a postal ballot on December 19, 2025. Shareholders approved two special resolutions with a requisite majority.
The first resolution, passed with 95.0807% of the votes, increases the company's borrowing powers under Section 180(1)(c) of the Companies Act, 2013, to an amount not exceeding ₹8,000 Crores.
The second resolution, also passed with 95.0805% of the votes, approves the creation of a mortgage and/or charge on the company's movable and immovable assets and properties under Section 180(1)(a) of the Companies Act, 2013, up to the limit approved for borrowing powers (₹8,000 Crores).
The postal ballot notice was dispatched on November 18, 2025, to members as of the cut-off date of November 14, 2025. The e-voting period commenced on November 19, 2025, and concluded on December 18, 2025. A total of 280 members, holding 79,979,449 equity shares, cast valid votes.
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