Vivaa Tradecom Unlocks Financial Muscle: Board Approves Borrowing Power Boost Ahead of AGM

Vivaa Tradecom Ltd has greenlit a significant enhancement to its financial flexibility, with the Board of Directors approving an increase in the company’s borrowing powers under Section 180(1)(c) of the Companies Act, 2013. The move, finalized during the board meeting held on July 4, 2025, is part of a broader strategic agenda aimed at supporting the company’s growth and capital deployment plans.

 

Key Highlights:

 

- Borrowing Cap Raised: The board approved a proposal to increase the borrowing limits, enabling the company to raise additional funds through loans, credit facilities, or debt instruments as needed for expansion and operations.

 

- Loan-to-Equity Conversion: The board also cleared the conversion of loans taken from directors and promoters into equity shares, signaling a shift toward strengthening the balance sheet and reducing debt burden.

 

- Investment Flexibility: Under Section 186, the company will now have enhanced limits for loans and investments, allowing greater agility in deploying capital across subsidiaries or strategic ventures.

 

- AGM Preparations: The board finalized the date, time, and notice for the upcoming 15th Annual General Meeting, where shareholders will vote on these key resolutions. A record date will be fixed shortly.

 

- Governance Moves: Appointments of a scrutinizer and e-voting agency were also approved to ensure transparent shareholder participation.

 

This financial recalibration positions Vivaa Tradecom to pursue aggressive growth while maintaining governance discipline and capital efficiency.

 

Source: Value Research, Rediff Money, BlinkX