Karnika Industries Withdraws Five Resolutions Ahead Of ₹500 Crore AGM Vote

Board on 11 Sep 2026 withdrew Resolutions 4-8 from 4th AGM notice dated 8 Sep 2026: Rs500Cr borrowing limit, asset charge, Rs500Cr Sec186/185 loans/investments and MoA object change. Scraps large borrowing and diversification plan days after notice, keeping AGM to routine items; retains kidswear focus and removes leverage overhang, citing only changed needs. Corrigendum to follow; store-rollout funding path unclear with limits withdrawn; watch revised AGM agenda and any fresh fundraising or MoA move.