IREDA Board Approves Enhanced Borrowing Plans Worth ₹75,800 Crore for FY26-27

Indian Renewable Energy Development Agency Limited concluded its board meeting on March 19, 2026, with significant approvals for enhanced borrowing plans and resource mobilization strategies. The meeting, which commenced at 4:30 PM and concluded at 6:35 PM, addressed crucial financial proposals that will shape the company's funding strategy for the coming fiscal years.

Board Meeting Outcomes

The board of directors approved two major financial initiatives in compliance with Regulation 30 of SEBI (LODR) Regulations 2015. The decisions reflect the company's strategic approach to meet growing funding requirements in the renewable energy sector.

Approved Initiative:	Details
Enhanced FY 2025-26 Plan:	Increased from ₹30,800 crore to ₹35,800 crore
FY 2026-27 Programme:	Market borrowing up to ₹40,000 crore
Total Approved Amount:	₹75,800 crore across two fiscal years
Meeting Duration:	4:30 PM to 6:35 PM

Enhanced Borrowing Plan for FY 2025-26

The board approved enhancement of the borrowing plan for FY 2025-26 from up to ₹30,800 crore to up to ₹35,800 crore. This represents an increase of ₹5,000 crore in the company's borrowing capacity for the current fiscal year.

Funding Sources FY26:	Instruments
Domestic Bonds:	Taxable Bonds, Sub-ordinated Tier-II Bonds
Debt Instruments:	Perpetual Debt Instruments (PDI)
Banking Sources:	Term loans from Banks and Financial Institutions
International Funding:	Lines of credit from multilateral and bilateral agencies
Short-term Financing:	Short term loans, WCDL from Banks, ECB

Market Borrowing Programme for FY 2026-27

The board approved a comprehensive market borrowing programme of up to ₹40,000 crore for FY 2026-27, excluding funds raised under Extra Budgetary Resource (EBR). This programme encompasses a diverse range of financial instruments across domestic and international markets.

International Instruments:	Domestic Instruments
Green Masala Bonds:	Taxable Bonds, Green Taxable Bonds
Foreign Currency Bonds (USD/EUR/JPY):	Sub-ordinated Tier-II Bonds
External Commercial Borrowings:	Commercial Papers, Capital Gains Bonds
FCNR-B Loans:	Public & Private Tax-free Bonds
Syndicated Loans:	CC/WCDL from Banks

Policy Modifications and Compliance

The board also approved modification in the "Policy for Determination of Materiality of Events/Information for Disclosures to Stock Exchanges." The updated policy has been hosted on the company's website at www.ireda.in , ensuring transparency and regulatory compliance.

Corporate Details:	Information
Meeting Date:	Thursday, March 19, 2026
Reference Number:	CANCS/6/2023-IREDA-8713
Regulatory Compliance:	Regulation 30 of SEBI (LODR) Regulations 2015
Company Secretary:	Ekta Madan

The formal outcome notification was issued by Ekta Madan, Company Secretary and Compliance Officer, to both National Stock Exchange of India Limited and BSE Limited, ensuring proper regulatory disclosure and maintaining transparency in corporate governance practices.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.39%	+2.94%	-6.94%	-23.50%	-29.20%	+89.60%

Indian Renewable Energy Development Agency Limited has successfully completed its postal ballot process for capital raising through equity share issuance, with shareholders demonstrating overwhelming support through remote e-voting conducted in accordance with regulatory requirements.

Voting Results and Shareholder Participation

The postal ballot concluded on March 14, 2026, with exceptional participation across all shareholder categories. The company received strong endorsement for its capital raising initiative from its diverse shareholder base.

Voting Category:	Shares Held	Votes Polled	Participation Rate	Votes in Favor	Approval Rate
Promoter and Promoter Group:	2015823529	2015823529	100.00%	2015823529	100.00%
Public Institutions:	129481277	117485098	90.74%	117485098	100.00%
Public Non-Institutions:	663926462	1799640	0.27%	1627512	90.44%
Total:	2809231268	2135108267	76.00%	2134936139	99.99%

A total of 2751 shareholders participated in the voting process, with 2565 voting in favor and only 186 voting against the special resolution. The resolution received support from 2134936139 shares representing 99.99% of votes cast, while merely 172128 shares (0.01%) opposed the proposal.

Regulatory Compliance and Process Framework

The postal ballot was conducted in strict adherence to regulatory requirements under the Companies Act 2013 and SEBI Listing Obligations and Disclosure Requirements Regulations 2015. The process was managed with complete transparency and regulatory compliance.

Process Parameter:	Details
Record Date:	February 06, 2026
Total Shareholders on Record Date:	2616182
E-voting Period:	February 13, 2026 to March 14, 2026
Resolution Type:	Special Resolution
Service Provider:	MUFG Intime India Private Limited
Reference Number:	CACS/Sectt./efile10416

Scrutinizer Validation and Report

M/s P.C. Jain & Co., Company Secretaries, served as the appointed scrutinizer for the e-voting process, ensuring complete transparency and regulatory compliance throughout the postal ballot procedure.

Scrutinizer Details:	Information
Scrutinizer Name:	P.C. Jain
Firm:	M/s P.C. Jain & Co.
Qualification:	Company Secretary (CS)
Membership Number:	F-4103
Appointment Date:	February 06, 2026
Report Date:	March 16, 2026
UDIN:	F004103G004075291

The scrutinizer's report confirmed that the special resolution was deemed passed with requisite majority on March 14, 2026, being the last date specified for the remote e-voting process. The company has disclosed the complete voting results and scrutinizer's report as regulatory annexures, with information also made available on the company's website at www.ireda.in .

This successful resolution enables IREDA to proceed with its capital raising plans through equity share issuance, reflecting strong stakeholder confidence in the company's strategic direction and growth initiatives in the renewable energy sector.