Omaxe Limited — Others, 15-05-2025: Appointment

Omaxe Limited has announced a board meeting and approved raising up to INR 199.40 Cr through 1,994 senior secured non-convertible debentures via private placement, offering a 12% IRR repayable within 54 months. These debentures are secured by key project assets and backed by corporate guarantees. The company also appointed Mr. Satbir Singh, a veteran finance professional with over 35 years of experience, as an additional independent director for three years, subject to shareholder approval. This move supports project development and strengthens governance.