Power Finance Corporation Ltd has secured Board approval to enhance its borrowing capacity from domestic and international markets. The Board of Directors approved the proposal during its meeting held on July 23, 2026, setting a ceiling of ₹9,00,000 crore for Indian Rupee borrowings and the equivalent of USD 25 billion in foreign currency. This authorization is subject to final approval by shareholders, enabling the company to raise funds necessary for its business operations and mandates directed by the Ministry or Government of India.

The approval was granted pursuant to sections 180(1)(a) and 180(1)(c) of the Companies Act 2013. Under section 180(1)(c), the company is authorized to borrow sums that may exceed the aggregate of its paid-up capital, free reserves, and securities premium. The total outstanding borrowed amount at any point in time must not exceed the specified limits. Additionally, under section 180(1)(a), the Board approved mortgaging and/or charging all movable and immovable properties, both present and future, or the whole or substantial part of the undertaking to secure these borrowings.

Approved Borrowing Limits

The following table outlines the borrowing limits approved by the Board, along with the regulatory basis for each:

The Board meeting commenced at 3:00 PM and concluded at 4:20 PM on July 23, 2026. The intimation regarding the outcome was submitted to the National Stock Exchange of India Limited and BSE Limited by Manish Kumar Agarwal, Company Secretary & Compliance Officer. The initial notice for this meeting had been dispatched on July 17, 2026.

Shareholder Approval Required

While the Board has accorded its approval, the enhancement of the borrowing limit and the associated security charges are contingent upon shareholder consent. The company will seek this approval through the appropriate corporate governance mechanisms as mandated by the Companies Act 2013. This structural change allows Power Finance Corporation Ltd to access larger pools of capital, potentially lowering funding costs through diversified sourcing from both domestic and international debt markets.

Power Finance Corporation witnessed a fresh block trade on the National Stock Exchange (NSE), with the transaction amounting to ₹72.59 crores. The deal involved approximately 17,54,316 shares, executed at a price of ₹413.80 per share.

Block Trade Details

The following table summarises the key parameters of the latest block trade recorded on the NSE:

Block trades of this scale typically reflect significant movement by large institutional participants and are executed outside the regular market order book to minimise price impact. The transaction in Power Finance Corporation underscores considerable interest at the institutional level in the stock.