The Board of Directors of Indian Renewable Energy Development Agency (IREDA) is scheduled to meet on February 06, 2026, to consider raising funds up to ₹2,994 Crore. This will be achieved through the issuance of equity shares via a qualified institutions placement (QIP). The fundraising is subject to shareholder and regulatory approvals. A postal ballot will be convened to seek shareholder approval.
Board Meeting for Fundraising
The Indian Renewable Energy Development Agency (IREDA) has announced a board meeting scheduled for February 06, 2026. During this meeting, the board will consider a proposal for raising funds.
Details of the Proposed Fundraising
The primary agenda is to evaluate and approve the raising of funds through the issuance of equity shares via a qualified institutions placement (QIP). The aggregate amount targeted through this QIP is up to ₹2,994 Crore.
Required Approvals
This fundraising initiative is contingent upon securing necessary approvals from the shareholders of the Company, as well as any governmental, regulatory, or statutory bodies. The company will convene a postal ballot to seek shareholder approval for the proposed fundraising.
Trading Window Closure
In compliance with insider trading regulations, the trading window for the company’s securities will remain closed with immediate effect and will re-open 48 hours after the conclusion of the board meeting.
Source: BSE
