BSE •
SRM Contractors Limited shareholders approved key resolutions at the 18th AGM, including raising funds through a Qualified Institutional Placement and issuing up to 19,34,236 fully convertible warrants to the Promoter & Promoter Group on a preferential basis.
Members also approved raising the company's borrowing limit from 1,000 crores to 2,000 crores, increasing the authorized share capital, and appointing M/s Rohit KC Jain & Co. as statutory auditor for a five-year term.