Item No. 1: Enhancement of Borrowing Limits under Section 180(1)(c)
Special resolution to borrow money exceeding aggregate of paid-up share capital, free reserves, and securities premium account
Total borrowing limit (including existing borrowings) shall not exceed ₹10,000 crores (Rupees Ten Thousand Crores only) at any point
Borrowings may include loans, cash credit facilities, overdrafts, term loans, working capital facilities, external commercial borrowings, non-convertible debentures, commercial papers, and other permissible instruments
Supersedes earlier resolution passed by members on March 12, 2026
Authorizes Directors, CEO, CFO, and Company Secretary to implement the resolution
Item No. 2: Enhancement of Limits under Section 180(1)(a)
Special resolution to sell, lease, or dispose of whole/substantially whole of company undertakings
Authorization to mortgage, hypothecate, pledge, and/or charge movable/immovable properties (present and future) to secure borrowings
Aggregate amount of such disposal shall not exceed ₹10,000 Crores (Rupees Ten Thousand Crores only) at any point
Supersedes earlier resolution passed by members on March 12, 2026
Authorizes Directors, CEO, CFO, and Company Secretary to implement the resolution
Voting Details
Cut-off date for voting rights: Friday, October 30, 2026
Remote e-voting period: Wednesday, November 04, 2026 (09:00 AM IST) to Thursday, December 03, 2026 (05:00 PM IST)
E-voting service provider: Central Depository Services (India) Limited (CDSL)
Scrutinizer appointed: Mr. Jatin Gupta, Practicing Company Secretary (Membership No.: FCS 5651: COP No.: 5236)
Results declaration: After scrutinizer's report submission within two working days from end of voting period
Rationale for Resolutions
Company requires additional financial resources to support business activities, working capital needs, debt refinancing, and onward lending to customers
Funds to be raised from banks, financial institutions, other lending institutions, bodies corporate, and other permitted sources
Borrowings may be secured by mortgage/charge on company properties and undertakings
For onward lending to customers and managing debt profile through NCDs, bank borrowings, ECBs, term loans, cash credit facilities, commercial papers, etc.
Financial Impact
Proposed borrowing limit enhancement from previous ₹5,000 crores to ₹10,000 crores
Asset disposal/charging authority enhanced to ₹10,000 crores
No quantified financial impact disclosed beyond the limit enhancements
