Key Business Item

Approval for Issuance of Non-Convertible Debentures (NCDs) on a Private Placement Basis

Resolution Details

  • Type: Special Resolution
  • Purpose: To seek enabling authority from shareholders for the issuance of secured and/or unsecured, listed, rated, redeemable non-convertible debentures (NCDs).
  • Amount: Aggregate principal amount not exceeding ₹2,500 crore (Rupees Two Thousand Five Hundred Crore only).
  • Issuance Period: Offers or invitations to be made during a period of one year from the date of passing of the Special Resolution.
  • Borrowing Limit: All NCDs will be issued within the company's existing overall borrowing limit of ₹5,000 crore, which was approved by shareholders on September 9, 2014.
  • Tenure: The authority applies to offers made within the one-year period, but the tenure of the NCDs themselves may extend beyond this period.

Board Approval

The Board of Directors approved the proposal at its meeting held on October 12, 2026, subject to shareholder approval.

Purpose of Fundraise

Funds are required for:

  • Capital expenditure
  • Refinancing or repayment of existing borrowings
  • Working capital requirements
  • Investments in subsidiaries and businesses
  • Strategic initiatives
  • Acquisitions
  • Other general corporate purposes

Key Terms (To be determined by the Board)

The Board is authorized to determine all terms and conditions for each issuance, including:

  • Amount, timing, and issue price for each series/tranche
  • Tenure, coupon or interest rate, and yield
  • Redemption terms
  • Security structure (secured or unsecured)
  • Listing arrangements
  • Appointment of intermediaries

Postal Ballot Process & Timeline

  • Notice Dispatch Date: October 21, 2026
  • Cut-off Date for Eligibility: Friday, October 09, 2026
  • Remote E-Voting Period: Commences on Thursday, October 22, 2026 at 09:00 AM (IST) and concludes on Friday, November 20, 2026 at 05:00 PM (IST)
  • Result Declaration: On or before Tuesday, November 24, 2026 (within two working days of conclusion of e-voting)
  • Scrutinizer: Mr. Rupinder Singh Bhatia, Practicing Company Secretary (Membership No. FCS 2599; CP No. 2514)
  • E-Voting Service Provider: National Securities Depository Limited (NSDL)

Financial Impact

  • The issuance will not result in equity dilution as the securities are non-convertible.
  • The company states it has not defaulted on any current debt obligations.
  • The actual amount raised may be less than the authorized ₹2,500 crore, depending on market conditions and funding requirements.

Additional Information

  • The Postal Ballot Notice and explanatory statement are available on the company's website (www.jubilantpharmova.com) and NSDL's e-voting website (www.evoting.nsdl.com).
  • Relevant documents are open for inspection at the Registered Office: Bhartiagram, Gajraula, District Amroha - 244 223, Uttar Pradesh, India.
  • The company encourages electronic communication and requests shareholders to register/update their email addresses with their Depository Participants or the RTA (Alankit Assignments Limited).