Karnika Industries Seeks Shareholder Approval For ₹500 Crore Borrowing Powers

Board approved FY26 directors report, set AGM Sep 30 via VC; proposed Rs 500 Cr borrowing limit with asset charge, Rs 500 Cr loans/investments, Rs 500 Cr 185 guarantees, MOA change. Novel step-change: first large-scale borrowing and inter-corporate lending headroom for an asset-light, working-capital funded model; MOA object change points to entry into new business areas. Shifts to leverage-led expansion with dilution-free debt; purpose, terms and new objects undisclosed, subject to Sep 30 shareholder vote; raises leverage and related-party lending governance risk.