Poonawalla Fincorp Limited — Board Meeting, 25-07-2025: Outcome of Board Meeting
25-07-2025 | 04:41 pm
25-07-2025 | 04:41 pm
Poonawalla Fincorp's board has approved the consolidated financial results for the quarter ended June 30, 2025, with Profit After Tax at ₹62.60 crore. The company also approved raising up to ₹1,500 crore by issuing 3.31 crore equity shares to its promoter, Rising Sun Holdings, via preferential allotment, underscoring strong promoter confidence. Further, the board significantly increased the limit for raising funds through Non-Convertible Debt Securities from ₹10,000 crore to ₹20,000 crore for FY26. Overall borrowing limits are also set to expand from ₹50,000 crore to ₹75,000 crore, subject to shareholder approval. #PoonawallaFincorp #BoardMeeting #Fundraising
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