Board Meeting23 Jul 2026, 05:20 pm
Power Finance Corp Board Approves Enhanced Borrowing Limit
AI Summary
Power Finance Corporation Ltd. announced that its Board of Directors, in a meeting held on July 23, 2026, approved a proposal to seek shareholder approval for enhancing the company's borrowing limit. This enhancement, under Section 180(1)(a) and 180(1)(c) of the Companies Act 2013, will allow the company to borrow up to ₹9,00,000 crore in Indian Rupees and up to USD 25 Billion in foreign currency. The approval also includes mortgaging company assets to secure these borrowings. The board meeting commenced at 3 PM and concluded at 4:20 PM.
Key Highlights
- Board approved enhanced borrowing limits.
- Shareholder approval to be sought for borrowing limits.
- Borrowing limit increased to ₹9 Lakh Crore and USD 25 Billion.
- Mortgaging of company assets approved for security.
- Approval sought under Section 180(1)(a) and 180(1)(c) of Companies Act 2013.
Price Impact
More from PFC