Key Decisions Approved:

1. Fundraising Approval

  • The Board approved raising funds aggregating up to ₹1800 Crores through one or more of the following methods:
  • Qualified Institutions Placement (QIP) under Chapter VI of SEBI ICDR Regulations, 2018
  • Preferential Issue under Chapter V of SEBI ICDR Regulations
  • Issue of share warrants convertible into equity shares on a preferential basis
  • The issuance may involve equity shares and/or any other convertible securities, in one or more tranches.
  • This approval is enabling in nature to facilitate preparatory steps including engagement with merchant bankers and advisors.
  • Specific terms including objects of the issue, utilization of proceeds, issue size, pricing, and timing will be placed before the Board and Audit Committee for approval before launch.
  • Subject to necessary approvals including shareholder approval and regulatory/statutory approvals.

2. Loans, Guarantees, Security, and Investments Approval

  • The Board approved giving loan(s), providing guarantee(s), providing security(ies), and/or making investment(s) up to the higher of:
  • INR 2000 Crores (Rupees Two Thousand Crores)
  • 60% of the paid-up share capital, free reserves and securities premium account of the Company
  • 100% of free reserves and securities premium account of the Company
  • This approval is subject to shareholder approval by way of a Special Resolution as prescribed under Section 186 of the Companies Act, 2013.

3. Increase in Borrowing Limits

  • The Board approved increasing the borrowing limits of the Company pursuant to Section 180(1)(c) of the Companies Act, 2013.
  • The limit is increased from ₹350 crore (Rupees Three Hundred Fifty Crores Only) to ₹600 crore (Rupees Six Hundred Crores Only).
  • Subject to approval of the shareholders of the Company.

4. Increase in Limits for Creation of Charge on Assets

  • The Board approved increasing the limits for creation of charge on the assets of the Company pursuant to Section 180(1)(a) of the Companies Act, 2013.
  • The limit is increased from ₹350 crore (Rupees Three Hundred Fifty Crores Only) to ₹600 crore (Rupees Six Hundred Crores Only) for securing borrowings.
  • Subject to approval of the shareholders of the Company.

5. Convening of Extra-Ordinary General Meeting (EGM)

  • The Board approved convening an Extra-Ordinary General Meeting of the Members of the Company through Video Conferencing (VC)/Other Audio-Visual Means (OAVM).
  • The EGM will seek member approval for all the matters set out above.
  • The Company Secretary has been authorized to finalize the notice of the EGM, including the date of the meeting, cut-off/record date, remote e-voting details, and appointment of the Scrutiniser.

Additional Information

  • The disclosure is made pursuant to Regulation 30 of SEBI LODR Regulations, 2015, read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
  • The Annexure A provides additional details on the securities proposed to be issued:
  • Type of securities: Eligible Securities including Equity Shares and/or security convertible into equity shares (including warrants)
  • Total amount: Not exceeding Rs. 1800 crores or equivalent amount
  • The specific mode(s) and detailed terms will be finalized and disclosed at the relevant time in accordance with SEBI regulations.