Summary of Key Information:
Reporting Period (Quarter/Year): Not Applicable (Board Meeting Decisions)
Nature of Filing / Announcement: Outcome of Board Meeting under SEBI LODR Regulations
Audit Opinion:
Not Specified
Key Financial Highlights:
Not Specified
Standalone Results:
Not Specified
Consolidated Results:
Not Specified
Segment-wise Performance:
Not Specified
Corporate Actions:
The Board of Directors has approved the following proposals:
- Alteration of the Articles of Association of the Company by amending Article 12 in relation to 'Further Issue of Shares', subject to approval of Members of the Company and regulatory/statutory approvals
- Long term Debt Financing including but not limited to External Commercial Borrowing (ECB), Non-Convertible Debentures (NCDs), and other similar instruments or any combination thereof for an aggregate amount not exceeding USD 1,250 million (USD One Billion Two Hundred and Fifty Million only), in one or more tranches, subject to approval of Members of the Company and regulatory/statutory approvals
- Fund raising of an amount not exceeding USD 450 million (USD Four Hundred and Fifty Million) through securities or eligible instruments including equity shares, debt securities convertible into equities, or any other securities convertible into equity shares or a combination of such securities; through Foreign Currency Convertible Bonds (FCCB), Preferential Issue, Qualified Institutional Placement (QIP), or any other permissible mode or any combination thereof in accordance with applicable laws, in one or more tranches, subject to approval of Members of the Company and regulatory/statutory approvals
- The combination of the financing options mentioned above will not exceed USD 1,250 million (USD One Billion Two Hundred and Fifty Million only)
Other Significant Information:
An Extra-Ordinary General Meeting will be convened to seek shareholder approvals for the proposed matters
The company's registered office is at Bhageerath, 402 Senapati Bapat Road, Pune 411 016, Maharashtra, India