Shareholders approve raising Rs. 1500 Crore via NCDs and Rs. 1000 Crore via Commercial Paper

At the 26th AGM held on 29th September 2026, members approved raising funds by issue of Non-Convertible Debentures of Rs. 1500 Crore and Commercial Paper of Rs. 1000 Crore, on a private placement basis.

Tue 29 Sep 2026

Non-Convertible Debentures Approved

Rs. 1500 Crore

Commercial Paper Approved

Rs. 1000 Crore

AGM Date

29th September 2026

Issuance Mode

Private placement

Meeting Type

26th Annual General Meeting

What was announced

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 the proposal for raising funds through debt instruments.

The approved limits

• Non-Convertible Debentures (NCD): Rs. 1500 Crore
• Commercial Paper (CP): Rs. 1000 Crore
• Mode: private placement

What these instruments are

An NCD is a debt instrument that cannot be converted into shares; investors lend money to the company for a fixed term at an agreed interest rate. Commercial Paper is a short-term borrowing instrument. Private placement means the securities are offered to selected investors rather than to the public.

Why it matters

Repco Home Finance is a housing finance company, and borrowing is its raw material for lending. Shareholder approval of these limits creates headroom to raise debt as required. Being debt, these instruments do not dilute existing shareholders' equity stake, but they do add to the company's borrowing obligations and interest costs when actually drawn.

The approval was taken in terms of Sections 42 and 71 of the Companies Act, 2013 read with rules made thereunder and SEBI Listing Regulations.

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