Shareholders approve raising borrowing limit from Rs.15,000 Crores to Rs.20,000 Crores

At the 26th AGM held on 29th September 2026, members approved raising the company's borrowing limit under Section 180(1)(c) from Rs.15,000 Crores to Rs.20,000 Crores — headroom of Rs.5,000 Crores more for future borrowings.

Tue 29 Sep 2026

Earlier Borrowing Limit

Rs.15,000 Crores

Revised Borrowing Limit

Rs.20,000 Crores

Additional Borrowing Headroom

Rs.5,000 Crores

AGM Date

29th September 2026

Regulatory Reference

Section 180(1)(c) of the Companies Act, 2013

What happened

Members of the company, at the 26th Annual General Meeting held on 29th September 2026 at 11:30 A.M through Video Conference / Other Audio Visual Means, approved enhancement of the borrowing limits under Section 180(1)(c) of the Companies Act, 2013.

• Earlier limit: Rs.15,000 Crores
• Revised limit: Rs.20,000 Crores

Why it matters

Section 180(1)(c) requires shareholder approval when a company's borrowings exceed its paid-up capital, free reserves and securities premium. Raising the ceiling gives the board room to borrow more as and when needed. For a housing finance company, borrowings are the raw material for lending.

Approval of a limit is an enabling step; it is not itself a borrowing. Actual debt taken will depend on the company's funding plans.

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