Board meeting on 23 October 2026 to consider and approve a proposed investment under Section 186
Neo Infracon has called a Board meeting on Friday, 23 October 2026 at 12 P.M., to be held through Video Conferencing.
By ScoutQuest · · 2 min read
- Board meeting date
- Friday, 23 October 2026 at 12 P.M.
- Meeting mode
- Video Conferencing
- Agenda
- consider and approve a proposed investment under Section 186 of the Companies Act, 2013
What the company told the exchange
Neo Infracon Limited has given notice that a meeting of its Board of Directors will be held on Friday, 23 October 2026 at 12 P.M. The meeting will be held through Video Conferencing. The notice is dated 16.10.2026 and is signed by Ankush Nareshkumar Mehta, Chairman and Managing Director.
What the Board will consider
- The proposed investment, in accordance with the provisions of Section 186 of the Companies Act, 2013 and the rules made thereunder.
- Approval of the execution and signing of the necessary documents, declarations, applications and other papers connected with that investment, by any Director authorised by the Board.
- Authorising a Director of the Company to do all such acts, deeds and things as may be necessary to give effect to the resolution.
- Granting leave of absence to Directors unable to attend, and any other business with the permission of the Chair.
Why investments under Section 186 matter
Section 186 of the Companies Act, 2013 governs how a company makes investments in other bodies corporate, gives loans or guarantees, and provides security. When a company plans to invest beyond the limits laid down in that section, it needs the approval of its Board and, in specified cases, of shareholders by a special resolution. The agenda shows the Board is meeting to consider and approve such a proposed investment and to put in place the paperwork and the authority needed to complete it.
How to read this announcement
This is a notice that a Board meeting has been scheduled. It tells you what the Board intends to take up, and is not the decision itself. The outcome of the meeting, including whatever is approved on the proposed investment, would come separately after the meeting is held.
What a reader may want to watch for next
- The Board's decision on the proposed investment once the meeting is held.
- The details of the investment, which would come with that outcome.
Nothing in this notice changes the company's share capital or its day-to-day operations by itself. It is a scheduling and agenda intimation.
Also from Neo Infracon
Neo Infracon to contribute ₹54,000 to Rubberwala & Neo Venture for 54% partner share
23 Oct 2026
Board approves ₹54,000/- investment in Rubberwala & Neo Venture, company to hold 54% partner share
23 Oct 2026
Neo Infracon Ltd promoter buys 0.15% stake, holding rises to 7.10%
1 Oct 2026
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