Board Meeting23 Apr 2026, 12:54 pm
SRG Housing Finance Board approves ₹2,500 Cr borrowing limit hike
AI Summary
SRG Housing Finance Ltd's Board of Directors, in a meeting on April 23, 2026, approved a proposal to increase the company's borrowing powers under Section 180(1)(c) of the Companies Act, 2013, up to an amount not exceeding ₹2,500 Crores. Additionally, the Board also approved the creation of charges on movable and immovable assets to secure borrowings up to the same limit of ₹2,500 Crores, including existing borrowings. Both approvals are subject to the consent of the company's shareholders, for which a postal ballot notice will be issued shortly.
Key Highlights
- Board approved increasing borrowing limit to ₹2,500 Cr.
- Shareholder approval is required for the enhanced limit.
- Company can create charges on assets for borrowings up to ₹2,500 Cr.
- This move facilitates future funding and growth opportunities.