Board Meeting on 29 September 2026 to Consider Raising Foreign Currency Funds via Debt Issuance
The Bank's Board will meet on Tuesday, 29th September, 2026.
By ScoutQuest · · 1 min read
- Board Meeting Date
- Tuesday, 29th September, 2026
- Agenda
- Consider and approve proposal for raising foreign currency funds through debt issuance
- Regulatory Requirement
- Advance intimation under Regulation 29 & 50 of SEBI (LODR) Regulations, 2015
- Status of Terms
- No amount, currency or terms have been decided yet
What was shared
Punjab & Sind Bank has intimated BSE and NSE that a meeting of its Board of Directors is scheduled on Tuesday, 29th September, 2026, inter-alia, to consider and approve the proposal for raising of foreign currency funds through debt issuance.
What this means in simple terms
- Banks regularly raise money by issuing debt instruments (borrowings) in addition to taking deposits.
- Here the proposal relates to funds in a foreign currency, raised through a debt issue rather than by selling shares.
- Debt issuance does not dilute existing shareholders' holdings the way a fresh equity issue would.
Why the notice comes first
Under Regulation 29 & 50 of SEBI (LODR) Regulations, 2015, a listed entity must inform the exchanges in advance when its Board is going to consider matters such as fund raising. This update is that advance intimation.
What to watch next
- The outcome of the Board meeting held on 29th September, 2026.
- If approved, the size, currency, tenure and pricing of the debt issuance as disclosed subsequently.
The update is signed by the Company Secretary, Saket Mehrotra, and is dated September 24, 2026.
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