PFC Board Approves ₹9 Lakh Cr Borrowing Limit Hike

The Board Meeting commenced at 3:00 PM and concluded at 4:20 PM on July 23, 2026.

The Board of Directors considered and approved the following proposals to be placed before shareholders for approval:

1. Enhancement of Borrowing Limits under Section 180(1)(c) of Companies Act, 2013

Approval sought to borrow money from domestic and international markets
Total borrowing limit enhancement to:
₹9,00,000 crore (Rupees Nine Lakh Crore) from Indian Rupee borrowing
USD 25 Billion (Twenty Five Billion US Dollars) in foreign currency
Borrowings may include amounts required for company business and/or as directed by Ministry/Government of India
Borrowings may be with or without security
The limit excludes temporary loans obtained from bankers in ordinary course of business
Total outstanding borrowings at any time shall not exceed the specified limits

2. Asset Charging Authority under Section 180(1)(a) of Companies Act, 2013

Approval sought for mortgaging and/or charging of all movable and immovable properties of the Company
Includes both present and future properties
Covers whole or substantial part of the company's undertakings
Security to be provided for securing the borrowing limits of:
₹9,00,000 crore (Rupees Nine Lakh Crore) from Indian Rupee borrowing
USD 25 Billion (Twenty Five Billion US Dollars) equivalent in foreign currency