Bajaj Finance has announced that its Board of Directors has approved a proposal to increase the company’s overall borrowing limit from ₹3.75 lakh crore to ₹5.5 lakh crore. This strategic decision is designed to support the company’s future funding requirements through various debt instruments, including non-convertible debentures. The proposal is now subject to the necessary approval from shareholders during the upcoming Annual General Meeting.
Strategic Move to Boost Funding Capacity
During the meeting held on April 29, 2026, the Board of Directors of Bajaj Finance approved a significant expansion of the company’s borrowing capacity. The proposed increase aims to raise the ceiling from ₹3.75 lakh crore to ₹5.5 lakh crore. This adjustment is intended to provide the organization with greater flexibility to raise funds as needed to sustain its growth trajectory and operational scale.
Debt Instrument Diversification
To facilitate this increased borrowing, the company intends to utilize a variety of debt instruments. This includes the issuance of non-convertible debentures, which may be denominated in either Indian Currency or Foreign Currency. The final terms of these issuances—including interest rates, tenor, and security structures—will be determined in future information memoranda as the company taps into capital markets.
Shareholder Approval Process
The proposed enhancement of the borrowing limit is not yet finalized and remains subject to the approval of shareholders at the company’s Annual General Meeting. Details regarding the meeting and the formal notice will be shared with the stock exchanges once the dispatch process to the members is initiated. This move underscores Bajaj Finance’s proactive approach to managing its capital structure and ensuring long-term financial readiness.
Source: BSE
