At its meeting on October 31, 2026, the Board of Directors of Birla Corporation Limited approved the issuance of listed, secured/unsecured, redeemable Non-Convertible Debentures (NCDs) aggregating up to ₹2,500 crore. This issuance will be conducted on a private placement basis, in one or more tranches, within the company’s overall borrowing limits. The board also authorized the Managing Director & Chief Executive Officer to determine the issue size and detailed terms.
Board Approves Significant Debt Issuance
Birla Corporation Limited announced today, October 31, 2026, that its Board of Directors has passed an enabling resolution to authorize the issuance of listed, secured/unsecured, redeemable Non-Convertible Debentures (NCDs). The total aggregate value of this issuance is set at up to ₹2,50,00,00,000/- (Rupees Two Hundred Fifty Crore only).
Private Placement and Authorization
The NCDs will be issued on a private placement basis, potentially across one or more tranches, and will be within the overall borrowing limits of the company, as previously approved by the members. The board has delegated the authority to the Managing Director & Chief Executive Officer, referred to as the ‘Authorised Person’, to determine the precise size of the issue, along with its detailed terms and conditions. This includes taking all necessary incidental, consequential, and ancillary steps for the proposed issuance of NCDs.
Financial Results Also Reviewed
In addition to the NCD approval, the Board also considered and approved the Standalone and Consolidated Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2026. The Limited Review Report from the Statutory Auditors for these results was also enclosed.
Meeting Details
The board meeting commenced at 12:15 p.m. and concluded at 3:40 p.m. on October 31, 2026.
Source: BSE
