Aye Finance Ltd. Holds 33rd AGM on Sept 1, 2026; Approves Borrowing Limit Increase
Aye Finance Limited held its 33rd AGM on September 1, 2026. Key approvals included increasing the borrowing limit from ₹8,000 crore to ₹10,000 crore and approving the issuance of Non-Convertible Debentures. The company also adopted its financial statements for the year ended March 31, 2026.
The increase in borrowing limit from ₹8,000 crore to ₹10,000 crore provides the company with enhanced financial capacity for its operations and expansion plans, which can have a medium-term impact on its business growth.
The company successfully conducted its AGM and received approval for a significant increase in its borrowing limit, which is positive for future growth and financial flexibility.
Aye Finance Limited held its 33rd Annual General Meeting (AGM) on Tuesday, September 1, 2026, commencing at 11:30 AM IST and concluding at 12:28 PM IST, conducted entirely through Video Conferencing (VC)/Other Audio-Visual Mode (OAVM). The meeting was held in compliance with the Companies Act, 2013, and relevant circulars from the Ministry of Corporate Affairs and SEBI.
During the AGM, the company transacted several key businesses as outlined in the notice dated July 22, 2026. These included the adoption of the Audited Financial Statements for the Financial Year ended March 31, 2026, along with the reports of the Board of Directors and Auditors. The meeting also saw the appointment of a director, the appointment of statutory auditors, and crucially, the approval for an increase in the company's borrowing limit from ₹8,000 crore to ₹10,000 crore under Section 180(1)(c) of the Companies Act, 2013. Additionally, resolutions were passed to approve the creation of charges on the company's assets to secure borrowings and to approve the issuance of Non-Convertible Debentures on a private placement basis.
The Chairperson, Dr. Govinda Rajulu Chintala, along with other directors and key management personnel, addressed the shareholders. The Managing Director, Mr. Sanjay Sharma, provided insights into the company's business performance, achievements, and future outlook. Shareholders also had the opportunity to ask questions, which were responded to by the management.
Remote e-voting commenced on Saturday, August 29, 2026, and concluded on Monday, August 31, 2026. A facility for e-voting during the meeting was also available for 15 minutes after its conclusion. The results of the e-voting, along with the Scrutinizer's Report, will be submitted to the stock exchanges and uploaded on the company's website within two working days.
A plain-language summary of a public exchange filing by Aye Finance Limited. Read the original for the full detail.