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Shree Digvijay Cement Co. Ltd. ( (IN:SHREDIGCEM) ) has issued an update.
Shree Digvijay Cement Co. Ltd. has announced a postal ballot seeking shareholder approval for three special resolutions: increasing the borrowing powers of the Board of Directors from INR 500 Crores to INR 750 Crores, creating a charge or providing security on the company’s assets, and making investments, loans, guarantees, and securities beyond the limits specified under Section 186 of the Companies Act, 2013. This move indicates the company’s strategic plans to expand its financial capabilities and secure additional resources, potentially impacting its operational flexibility and market positioning.
More about Shree Digvijay Cement Co. Ltd.
Shree Digvijay Cement Co. Ltd. operates in the cement industry, focusing on the production and distribution of cement products. The company is involved in providing construction materials and has a market presence in India.
Average Trading Volume: 77,865
Technical Sentiment Signal: Strong Buy
Current Market Cap: 13.22B INR
Learn more about SHREDIGCEM stock on TipRanks’ Stock Analysis page.