Poonawalla Fincorp Approves QIP with ₹390.26 Floor Price

Poonawalla Fincorp's Committee of Directors approved the opening of a Qualified Institutions Placement (QIP) of equity shares on April 9, 2026.
The committee set the QIP floor price at ₹390.26 per share and authorized a potential discount of up to 5% on this floor price.
The meeting was held from 6:50 PM to 7:05 PM and the trading window remained closed for designated persons as per company policy.
This action follows Board approval on January 16, 2026, and shareholder approval via postal ballot on February 19, 2026.