Balkrishna Industries Limited has announced a forthcoming meeting of its Finance Committee scheduled for March 2, 2026. The primary agenda item will be to review and approve a proposal to raise capital. The proposed method involves the issuance of non-convertible debentures (NCDs) through a private placement route in one or more tranches. This move is intended to support the company’s ongoing financing requirements.
Intimation of Finance Committee Meeting
Balkrishna Industries Limited has issued a prior intimation regarding a meeting of its Finance Committee of the Board of Directors. This meeting is officially scheduled to take place on March 2, 2026.
Capital Raising Proposal on Agenda
The core purpose of the forthcoming meeting is to inter-alia consider and approve a significant proposal for raising funds. The company intends to procure capital through the issuance of non-convertible debentures (NCDs). This fundraising exercise will be conducted on a private placement basis, structured across one or more tranches, referred to as the “Debentures.”
Compliance Disclosure
This communication serves as the required disclosure under Regulation 29(1)(d) of the SEBI Listing Regulations. The company assures that the information provided is accurate and requests the stock exchanges to take the details on record for compliance purposes.
Source: BSE
