Aye Finance AGM approves ₹10,000 crore borrowing limit hike
- Shareholders approved increasing borrowing limit from ₹8,000 crore to ₹10,000 crore
- Authorization granted to issue NCDs via private placement
- Board re-appointed Mr. Aditya Misra as director
- FY26 audited financial statements adopted without qualifications
*this image is generated using AI for illustrative purposes only.
Aye Finance shareholders approved a special resolution to increase the company’s borrowing limit from ₹8,000 crore to ₹10,000 crore at its 33rd Annual General Meeting held on September 1, 2026. The meeting also authorized the issuance of Non-Convertible Debentures (NCDs) via private placement.
The AGM was conducted through Video Conferencing (VC) and Other Audio-Visual Mode (OAVM) in compliance with the Companies Act, 2013 and SEBI regulations. Dr. Govinda Rajulu Chintala, Chairperson of the Board, presided over the meeting. Mr. Sanjay Sharma, Managing Director, addressed members on business performance and future outlook.
Resolutions Passed
Shareholders approved six resolutions during the meeting. Three ordinary resolutions and three special resolutions were put forward for voting.
| Type | Resolution Description |
|---|---|
| Ordinary | Adopt audited financial statements for FY26 |
| Ordinary | Re-appoint Mr. Aditya Misra as director |
| Ordinary | Appoint statutory auditors |
| Special | Increase borrowing limit to ₹10,000 crore |
| Special | Create charges on assets to secure borrowings |
| Special | Issue NCDs on private placement basis |
Key Observations
The approval of the increased borrowing limit under Section 180(1)(c) of the Companies Act, 2013 signals the company’s intent to expand its leverage capacity by ₹2,000 crore. This expansion is coupled with the authorization to create charges on assets under Section 180(1)(a), indicating that the additional debt will be secured.
The Chairperson confirmed that the Auditors’ Report for the financial year ended March 31, 2026, contains no qualifications. Remote e-voting was conducted from August 29, 2026, to August 31, 2026, via CDSL. Results will be uploaded to the company website within two working days of the meeting’s conclusion.
Historical Stock Returns for Aye Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.36% | +2.70% | +3.11% | +44.23% | 0.0% | 0.0% |
How will Aye Finance allocate the additional ₹2,000 crore borrowing capacity to drive growth in its core lending segments?
What impact might the issuance of secured NCDs have on the company's debt-to-equity ratio and overall credit ratings?
Given the increase in leverage, how does management plan to maintain interest coverage ratios amidst potential rising interest rate environments?
18
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
