Skipper Ltd. Shareholders Approve Increased Borrowing Powers Up to ₹8,000 Cr
Skipper Limited announced the e-voting results for postal ballot resolutions on December 19, 2025. Shareholders overwhelmingly approved two special resolutions. The first resolution allows for an incr...
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Why is Skipper Limited in the news today?
Skipper Limited (SKIPPER) is in the news due to the company received strong shareholder approval for significant corporate actions related to borrowing powers and asset charges, indicating positive management and shareholder alignment.
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Skipper Ltd. Shareholders Approve Increased Borrowing Powers Up to ₹8,000 Cr
December 19, 2025, 10:30 AM
Skipper Limited announced the e-voting results for postal ballot resolutions on December 19, 2025. Shareholders overwhelmingly approved two special resolutions. The first resolution allows for an increase in the company's borrowing powers under Section 180(1)(c) of the Companies Act, 2013, up to an amount not exceeding ₹8,000 Crores.
The second resolution, also passed by requisite majority, 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. This charge will be created up to the limit approved under Section 180(1)(c), i.e., ₹8,000 Crores.
The postal ballot notice was dispatched on November 18, 2025, to members registered as of the cut-off date of November 14, 2025. The remote 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 their votes, all of which were valid. For the increase in borrowing powers, 95.0807% of the votes were in favor. For the creation of mortgage and charge, 95.0805% of the votes were in favor.
The Scrutinizer's Report, dated December 19, 2025, confirms that both resolutions were passed with the required majority. The e-voting results and the scrutinizer's report will be available on the company's website.
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