Karnika Industries Seeks Six New Business Verticals And ₹500 Crore Borrowing Powers

Board sought shareholder nod for Rs 500 Cr borrowing limit with asset charge, Rs 500 Cr loans/investments, Rs 500 Cr Sec 185 loans, and MOA expansion to 6 new businesses. Also set Sep 30 VC AGM. Sharp break from asset-light kids-wear focus and small retail bolt-on to six unrelated verticals including realty, hospitality and manpower; borrowing headroom dwarfs existing scale. Needs Sep 30 shareholder vote; use of funds, timelines undisclosed. Sec 185 loans flag governance given large related-party history; adds leverage risk amid working-capital strain.