Bhagiradha Chemicals & Industries has received an approval for increasing borrowing limits from Rs 50 crore to Rs 100 crore or the aggregate of the paid up capital and free reserves of the company, whichever is higher. The board also approved creation of charges on the movable and immovable properties of the company, both present and future, in respect of borrowings.
The board at its meeting held on January 09, 2013 has approved the same, also permitted to conduct a postal ballot for seeking the consent of the shareholders by way of an ordinary resolution for the same.
Bhagiradha Chemicals & Industries is into business of manufacturing high quality basic pesticides. The company exports 70% of its produce to countries like Australia, South Africa, China, Germany, Singapore, Spain, UK Belgium, Greece, Italy, Malaysia, Taiwan, Indonesia, Peru, Brazil, etc.
