Board approves fund raising of up to Rs. 6,000 crores and higher borrowing limit of Rs. 6,000 crores
Increase in borrowing limits up to an aggregate **Rs.
By ScoutQuest · · 2 min read
- Borrowing Limit Increase
- Rs. 6,000 crores under Section 180(1)(c)
- Fund Raising Limit
- Rs. 6,000 Crores in one or more tranches
- Permitted Instruments
- Equity shares, FCCBs, ADRs/GDRs, debentures, non-convertible instruments with warrants
- Permitted Routes
- Public issue, preferential issue, private placement, QIP
- Board Approval Date
- September 28, 2026
What the Board approved
At its meeting held on Monday, September 28, 2026 (11:18 AM to 11:35 AM IST), the Board of Aegis Logistics approved three related proposals, each subject to shareholder approval by special resolution.
- Increase in borrowing limits under Section 180(1)(c) of the Companies Act, 2013 for an aggregate amount not exceeding Rs. 6,000 crores
- Authority to create a charge or mortgage on the company's assets or properties within the overall borrowing limits, under Section 180(1)(a)
- Raising of funds aggregating up to Rs. 6,000 Crores, for cash, in one or more tranches
How the funds may be raised
The money may be rupee denominated or in one or more foreign currencies. Instruments listed include equity shares, bonds including foreign currency convertible bonds (FCCBs), American Depository Receipts, Global Depository Receipts, debentures, non-convertible debt instruments along with warrants, convertible debentures and other equity-based securities.
Routes permitted include public issue, preferential issue, private placement, qualified institutions placement (under Chapter VI of SEBI ICDR Regulations, 2018), or any combination, to eligible investors in domestic or international offerings.
What happens next
A Notice of Extraordinary General Meeting covering the borrowing limit increase, the creation of charge/mortgage, and the fund raising will be submitted to the stock exchanges once sent to shareholders. The Board has authorised a Fund Raising Committee to take the steps needed to implement the proposal.
The pricing, timing, exact instruments, tenure and coupon are to be decided by the Board or the Fund Raising Committee, subject to receipt of requisite regulatory and statutory approvals.
How investors may read it
An enabling approval of this kind sets an upper ceiling; it does not confirm that the full amount will be raised. If part of the amount is raised through equity or equity-convertible instruments, the shareholding of existing investors could be diluted depending on the size and price. If raised as debt, it would add to borrowings, and the charge/mortgage authority allows company assets to be offered as security. The preferential issue and bonus issue disclosure items were marked Not Applicable, and no cancellation or termination of any issuance proposal was reported.
Also from Aegis Logistics
CARE AA (RWD) on long-term bank facilities of Aegis Logistics placed on rating watch; CARE A1+ reaffirmed
21 Oct 2026
Board meeting on October 26, 2026 to approve September quarter and half-year results
21 Oct 2026
EGM proceedings: borrowing limit, charge creation and fund-raising resolutions placed before shareholders
21 Oct 2026
More numbers
- Increased borrowing limit approvedRs. 6,000 crores
- Fund raising amount approvedRs. 6,000 Crores
- Total amount for which securities will be issuedRs.6,000 Crores
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