Summary of Key Information:
Nature of Filing / Announcement: Disclosure under Regulation 30 and Regulation 51 read with Schedule III to the SEBI (LODR) Regulations, 2015 regarding fund raising
Date of Board Meeting / Approval: 25th May 2026
Corporate Actions:
The Board of Directors has approved the proposal to raise additional Tier 2 capital in the form of subordinated debt up to ₹500 crore during FY 2026-27. The fundraising will be executed through issuance of Subordinated Non-Convertible Debentures on private placement basis, in one or more tranches.
Board Meeting Details:
The Board meeting commenced at 10:00 A.M. and concluded at 1:15 P.M. on 25th May 2026.
Correspondence Details:
The disclosure was addressed to The Manager - Listing, National Stock Exchange of India Limited, Capital Market – Listing, Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai 400 051. A copy was also sent to The Corporate Relationship Dept. of Corporate Services, Bombay Stock Exchange Limited, Floor 25, P J Towers, Dalal Street, Mumbai 400 001.