Omaxe Limited — Board Meeting, 15-05-2025: Outcome of Board Meeting

Omaxe Limited has announced a board meeting approving a ₹199.40 Cr fundraise via 1,994 unrated senior secured non-convertible debentures offering 12% IRR over up to 54 months. These NCDs will be secured against project assets and bank accounts. Additionally, Mr. Satbir Singh, with 35+ years of experience at IFCI, joins as an additional independent director for three years, pending shareholder approval. This decision boosts Omaxe’s financial flexibility and adds strong expertise to its board.