Poonawalla Fincorp’s board has greenlit proposals to raise funds via equity and debt instruments. The company is set to raise up to ₹5,500 crore through equity share issuance via qualified institutions placement or other permissible methods. Additionally, the board approved raising up to ₹20,000 crore through non-convertible debt securities on a private placement basis for fiscal year 2026-27. The board also approved the appointment of Mr. Vikas Pandey as an Additional Director and Whole-time Director.
Equity Fundraising Approval
The board of directors has approved raising funds through the issuance of equity shares, targeting a total of up to ₹5,500 crore. This will be executed through qualified institutions placement or other permissible modes, adhering to SEBI ICDR Regulations. The decision is pending shareholder approval. This move aims to enhance the company’s capital base for future growth initiatives.
Debt Securities Issuance Plan
The board has also authorized the issuance of non-convertible debt securities on a private placement basis, aiming to raise up to ₹20,000 crore for the financial year 2026-27. The Finance Committee of the Company has been delegated with the authority for the issuance of such debt securities.
Appointment of Whole-time Director
Effective January 16, 2026, Mr. Vikas Pandey has been appointed as an Additional Director and Whole-time Director (Executive Director) of the company. This appointment is based on the recommendation of the Nomination and Remuneration Committee and is subject to shareholder approval. Mr. Pandey will also serve as a Key Managerial Personnel of the Company.
Financial Results for Q3 2026
The board reviewed and approved the unaudited standalone and consolidated financial results for Q3 2026, ending December 31, 2025. Key highlights include:
- Total income reached ₹1,818.48 crore in consolidated results.
- Profit after tax stood at ₹150.22 crore in consolidated results.
- Earnings per share were ₹1.86 (basic) and ₹1.85 (diluted).
Raising Capital and Regulatory Compliance
Raising of funds has been approved in accordance with SEBI regulations. All disclosures and statements, including security maintenance and asset valuations, comply with regulatory requirements. The company is committed to transparency and adherence to all applicable guidelines.
Source: BSE
