Sep 11 2021
Noida-based IT company Bharatiya Global Infomedia will seek shareholder approval to increase the borrowing limit to Rs 150 crore at its annual general meeting to be held on September 30, according to a report.
The company will seek approval to create a mortgage and mortgages on all or part of its real estate for up to Rs 150 crore, the company said in its annual report.
“Keeping in mind the current and future financial needs of the company to support its business operations, the company may need additional funds. other people that the company may deem appropriate … Therefore, it is proposed to increase the maximum borrowing limits up to Rs 150 only, ”said the explanatory note from Bharatiya Global Infomedia (BGIL).
The company had posted a consolidated turnover of Rs 11.33 crore and an after-tax profit of Rs 6.36 lakh during the fiscal year ended March 31, 2021.
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