ISISF526859Board decision

Board approves borrowing limit of ₹11 crore including existing and proposed borrowings

ISF Ltd's board approved raising borrowings / Inter-Corporate Deposits up to an aggregate of ₹11 crore (Rupees Eleven Crore only), including existing and proposed borrowings, in one or more tranches.

By ScoutQuest · Fri 23 Oct 2026, 5:19 PM IST · 1 min read

Approved Borrowing Ceiling

₹11 crore (Rupees Eleven Crore only), including existing and proposed borrowings

Mode of Raising

loans, Inter-Corporate Deposits (ICDs) or other permissible modes, in one or more tranches

Use of Funds

business purposes; repayable on demand or as per agreement terms

Board approves a borrowing ceiling

The board of directors of ISF Ltd met on Friday, 23rd October, 2026, and approved raising funds through borrowings or Inter-Corporate Deposits. The approval was given under Section 179(3)(d) of the Companies Act, 2013, within the limits prescribed under Section 180(1)(c) of the Act.

• Ceiling approved: an aggregate of ₹11 crore (Rupees Eleven Crore only).
• This figure includes both existing and proposed borrowings, so it is the overall cap rather than a fully fresh amount.
• The money can be raised in one or more tranches.
• Sources permitted: banks, financial institutions, body corporates or other eligible persons.
• Modes permitted: loans, Inter-Corporate Deposits (ICDs) or other permissible modes.

What the company says about use and repayment

The update states the borrowings will be utilised for business purposes of the Company. On repayment, it says the borrowings may be repayable on demand or as per the terms of the respective agreements. The terms and conditions are to be mutually agreed upon, subject to compliance with applicable laws and regulations.

How to read this

An approval of this kind sets the outer limit up to which the company's board can borrow; it does not by itself mean the full amount has been raised. Because the ceiling covers existing plus proposed borrowings, the headroom for fresh borrowing is not stated as a separate figure. For a reader tracking the company's finances, the useful markers are the size of the approved ceiling, the permitted set of lenders, and the fact that repayment terms will be decided agreement by agreement.

The board meeting commenced at 3:44 P.M. and concluded at 4:24 P.M.

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