Subject: Outcome of the Board Meeting

1. Fundraising Resolution

The Board approved an enabling resolution for raising funds up to ₹10,000 Crore (Rupees Ten Thousand Crore).

  • Purpose: To raise funds through issuance of equity shares or any other eligible securities
  • Methods: Public issue, rights issue, preferential issue, private placement, qualified institutions placement, or any combination thereof
  • Currency: Rupee denominated or foreign currencies
  • Amount: Up to ₹10,000 Crore (inclusive of premium)
  • Approval Required: Subject to regulatory/statutory approvals and approval of Members at the ensuing Annual General Meeting (AGM)
  • Timing: Any actual issuance will be considered by the Board or its Committee(s) at an appropriate time based on market conditions

2. Global Medium Term Notes Programme Upsizing

The Board approved upsizing the existing GMTN Programme limit:

  • Previous Limit: USD 1 billion
  • New Limit: USD 2 billion
  • Disclosure: Necessary disclosure as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 will be provided at the pricing stage

3. Borrowing Limit Enhancement

The Board approved enhancement of borrowing limits pursuant to Section 180 of the Companies Act, 2013:

  • Previous Limit: ₹60,000 Crore
  • New Limit: ₹75,000 Crore
  • Approval Required: Subject to approval of Members at the ensuing AGM

4. Management Changes

A. Stepping down of Mr. Kapish Jain:

  • Position: Chief Financial Officer and Key Managerial Personnel
  • Effective Date: June 26, 2026
  • Reason: Transition into another role within the Company (Chief Strategy Office)
  • Documentation: Included resignation letter dated June 25, 2026

B. Appointment of Mr. Vikas Jain:

  • Position: Chief Financial Officer and Key Managerial Personnel
  • Effective Date: June 27, 2026
  • Qualifications: Chartered Accountant, CISA, CISM, and PMP certified
  • Experience: Over 20 years in finance, treasury and audit
  • Previous Role: Chief Financial Officer of Hinduja Leyland Finance
  • Expertise: Large-scale treasury operations, diversified fund raising including External Commercial Borrowing and Securitisation transactions, credit rating upgradation, fund raising, AUM growth, finance transformation, and compliance
  • Previous Employers: Bajaj Finance, Bajaj Housing Finance, and PwC
  • Appointment Basis: Recommendation of Nomination and Remuneration Committee and Audit Committee

Annexure Details

Annexure A: Fundraising details confirming the proposed issuance through various methods for up to ₹10,000 Crore, with no specific preferential, bonus, depository receipt, debt security, or cancellation details applicable.

Annexure B: Details of Mr. Kapish Jain's stepping down as CFO effective June 26, 2026, to transition into another role within the company.

Annexure C: Details of Mr. Vikas Jain's appointment as CFO effective June 27, 2026, including his professional qualifications and experience.