ALPHA TRIBE

Poonawalla Fincorp LimitedBoard Meeting, 25-07-2025: Outcome of Board Meeting

25-07-2025 | 05:04 pm

Poonawalla Fincorp's Board has approved the consolidated financial results for the quarter ended June 30, 2025, reporting a profit after tax of ₹62.60 crore. The Board also greenlit a significant fundraise of approximately ₹1500 crore through a preferential allotment of 3.31 crore equity shares to its promoter, Rising Sun Holdings, strengthening the company's financial base. Additionally, the Board enhanced the limit for raising funds via Non-Convertible Debt Securities to ₹20,000 crore and increased the overall borrowing limit to ₹75,000 crore, subject to shareholder approval.

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