StockWatch
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Non Banking Financial Company (NBFC)
Board Meeting27 Oct 2026, 05:00 pm

Tata Capital Board Approves Financial Results and Debt Programme Enhancement

AI Summary

Tata Capital Limited's Board of Directors has approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The board also approved an enhancement of the existing medium-term note programme from USD 2 billion to USD 3 billion. This allows for the potential issuance of foreign currency bonds or debt instruments in tranches via external commercial borrowings, subject to market conditions and necessary approvals. The company also submitted Limited Review Reports from its joint statutory auditors, M/s. M P Chitale & Co. and M/s. T. P. Ostwal & Associates LLP, with unmodified opinions. Disclosures regarding security cover, utilization of proceeds from Non-Convertible Debentures and IPO, and related party transactions were also provided.

Key Highlights

  • Board approved unaudited financial results for Q2 FY27.
  • Medium-term note programme enhanced to USD 3 billion.
  • Potential issuance of foreign currency bonds approved.
  • Auditors provided unmodified limited review reports.
  • Various regulatory disclosures submitted to the exchange.