GMR Airports Limited has approved a resolution for raising funds up to ₹5,000 crore through various securities, including equity shares and convertible instruments. Additionally, the company’s board has passed an enabling resolution for issuing INR denominated Non-Convertible Bonds aggregating up to ₹1,500 crore for refinancing existing debt. These strategic financial maneuvers are subject to shareholder approval and regulatory clearances.
GMR Airports Board Approves Major Fundraising Initiatives
At a board meeting held on August 12, 2026, GMR Airports Limited (formerly GMR Airports Infrastructure Limited) passed key resolutions aimed at strengthening its financial position and funding future growth. The board has approved an enabling resolution to raise aggregate funds of up to ₹5,000 crore. This fundraising can be undertaken in one or more tranches through the issuance of various securities. These include fully paid-up equity shares, non-convertible debentures with warrants, convertible securities (other than warrants), and other eligible securities. The methods may include a Qualified Institutions Placement or other approved mechanisms, including the issuance of Foreign Currency Convertible Bonds. This strategic move requires subsequent approval from the company’s shareholders.
Debt Issuance for Refinancing
Furthermore, the board has also approved an enabling resolution for the issuance of INR denominated Non-Convertible Bonds. These bonds will be issued on a private placement basis with an aggregate amount of up to ₹1,500 crore (Rupees One-Thousand Five Hundred Crore only). The primary purpose of this issuance is the refinancing of the company’s existing Non-Convertible Bonds. This initiative is also subject to regulatory and statutory approvals.
Financial Results and Disclosure
In line with regulatory requirements, the company has also announced the un-audited Financial Results for the quarter ended June 30, 2026. These results, along with the Limited Review Report, are enclosed as ‘Annexure-A’. A statement detailing the utilization of Non-Convertible Bonds proceeds for the quarter ended June 30, 2026, is also provided as ‘Annexure B’, in accordance with SEBI Listing Regulations.
Source: BSE
