ImportantCompany Update
Autoriders International's board has approved significant moves for growth and flexibility.
Autoriders International Ltd512277 · Filed with the exchange
The company will increase its asset charge limit and overall borrowing capacity from 100 Cr to 200 Cr each, enhancing funding options.
A major strategic shift involves amending its charter to add renewable energy, including solar, wind, and hydro, as a new business activity.
Additionally, Mrs. Maneka Vijay Mulchandani was re-designated as Executive Director for three years, with annual remuneration up to 0.50 Cr.
M/s. HRU & Associates were appointed Secretarial Auditors for five years.
All these actions require shareholder approval.
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