Kridhan Infra has scheduled its 20th Annual General Meeting for September 29, 2026. Shareholders will vote on key governance changes, including the appointment of three new directors, and statutory auditor changes. The company is also seeking approval to increase its borrowing limit to Rs 100 crore and investment limit to Rs 200 crore. Management has disclosed a history of accumulated losses but remains confident in the firm's going-concern status following recent capital infusion efforts.
Kridhan Infra Schedules 20th AGM, Proposes Strategic Borrowing Increase
AGM set for September 29, 2026; proposed borrowing limits of Rs 100 crore.
Reader Takeaway: Governance restructuring and capital limit expansion aim to stabilize finances despite previous net worth erosion.
What just happened
Kridhan Infra has issued notice for its 20th Annual General Meeting, which will be held via video conferencing on September 29, 2026. The meeting agenda includes the adoption of audited financial statements for the fiscal year ending March 31, 2026, alongside key corporate governance and structural resolutions.
Why this matters
The company is seeking shareholder approval for a significant expansion in financial flexibility. This includes raising borrowing limits under Section 180(1)(c) to Rs 100 crore and setting investment/loan limits under Section 186 to Rs 200 crore. These measures are designed to provide the necessary liquidity to manage operations as the firm works to recover its net worth.
Board and Auditor Changes
Kridhan Infra is proposing the appointment of three new directors for five-year terms: Mr. Badatala Sreenivasa Rao (Independent Director), Mr. Krishnaprasad Sunder Rao (Whole-time Director), and Mr. Mithlesh Jaiswal (Executive Director). Additionally, the company will seek approval for the appointment of M/s U B Lakhani & Company as statutory auditors, filling a vacancy left by the resignation of M/s Jignesh Savla & Associates.
Financial Health Disclosure
In the explanatory statements, management explicitly addressed past accumulated losses that have led to the erosion of net worth. To combat these challenges, the board pointed to recent preferential share and warrant allotments as evidence of their commitment to strengthening the balance sheet and maintaining the company’s going-concern status.
What to track next
Investors should monitor the voting results from the AGM, specifically the level of shareholder support for the increased borrowing and investment limits, which are critical for the company's stated recovery trajectory.