Poonawalla Fincorp proposes ₹1,500 Cr preferential issue and raises borrowing limit to ₹75,000 Cr
The proposed preferential issue of approximately ₹1,500 crore will inject fresh capital into the company, and the increase in borrowing limits to ₹75,000 crore will significantly expand its financial capacity, potentially supporting substantial business expansion and operations.
The company is seeking approval for a substantial preferential issue of equity shares and a significant increase in its borrowing limits, indicating plans for capital infusion and enhanced financial flexibility for future growth and operations.
* Poonawalla Fincorp Limited (POONAWALLA) has issued a Postal Ballot Notice dated July 25, 2025, to seek shareholder approval for significant resolutions. * The remote e-voting period for the postal ballot will commence on Saturday, July 26, 2025, at 09:00 a.m. (IST) and conclude on Sunday, August 24, 2025, at 05:00 p.m. (IST). The cut-off date for determining eligible members to vote is Friday, July 18, 2025. * The proposed resolutions include: * Issuance, offer, and allotment of 3,31,48,102 equity shares of face value ₹2 each on a preferential and private placement basis to Rising Sun Holdings Private Limited. * The shares are proposed to be issued at a price of ₹452.51 per equity share (including a premium of ₹450.51), which amounts to approximately ₹1,500 crore. * Approving an increase in the Board of Directors' borrowing powers under Section 180(1)(c) of the Companies Act, 2013, up to ₹75,000 crore. This proposed limit supersedes the earlier resolution passed on January 09, 2025. * Creation of security and charges on the company's movable and immovable properties, both present and future, in respect of borrowings, under Section 180(1)(a) of the Companies Act, 2013. * The results of the Postal Ballot e-voting process are expected to be declared on or before Tuesday, August 26, 2025.
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Poonawalla Fincorp Limited filed this with the NSE as a statutory disclosure, categorised under corporate actions. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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