Poonawalla Fincorp Limited — Others, 25-08-2025: Shareholders meeting

Poonawalla Fincorp shareholders have approved three special resolutions via postal ballot. This includes a preferential issue of equity shares worth Rs. 1,499.98 Cr to its promoter, Rising Sun Holdings. Shareholders also approved a significant increase in the Board's borrowing powers, raising the limit to Rs. 75,000 Cr. Additionally, they permitted the creation of security on company assets for current and future borrowings. These approvals enhance the company's capital base and provide substantial flexibility for future growth and funding requirements.