News Corporate Actions IREDA Announces Postal Ballot for ₹2,994 Crore Capital Raising Through QIPIREDA Announces Postal Ballot for ₹2,994 Crore Capital Raising Through QIP
IREDA has issued a postal ballot notice dated February 12, 2026, seeking shareholder approval for raising up to ₹2,994 crore through qualified institutions placement. The remote e-voting period runs from February 13, 2026, to March 14, 2026, with the cut-off date set as February 06, 2026. The capital raising aims to support growth opportunities, augment capital base, and meet future requirements while limiting government shareholding dilution to 3.76% of post-issue equity capital.
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IREDA has announced a postal ballot notice for seeking shareholder approval to raise capital through equity shares issuance worth up to ₹2,994 crore. The company issued the notice on February 12, 2026, under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
Capital Raising Details
The proposed capital raising will be executed through a qualified institutions placement (QIP) in accordance with Chapter VI of SEBI ICDR Regulations. The funds will be raised from eligible qualified institutional buyers (QIBs) as defined under applicable regulations.
| Parameter: | Details |
|---|---|
| Issue Size: | Up to ₹2,994 crore |
| Method: | Qualified Institutions Placement (QIP) |
| Target Investors: | Eligible Qualified Institutional Buyers |
| Government Dilution Limit: | Maximum 3.76% of post-issue paid-up equity share capital |
| Completion Timeline: | Within 365 days from special resolution approval |
E-Voting Schedule and Process
The company has adopted a remote e-voting mechanism for the postal ballot process, engaging MUFG Intime India Private Limited as the registrar and e-voting service provider. M/s P.C. Jain & Co., Company Secretaries has been appointed as the scrutinizer for conducting the postal ballot process.
| Timeline: | Date and Time |
|---|---|
| Cut-off Date: | Friday, February 06, 2026 |
| E-voting Commencement: | Friday, February 13, 2026 at 9:00 AM (IST) |
| E-voting Conclusion: | Saturday, March 14, 2026 at 5:00 PM (IST) |
| Result Declaration: | Within 2 working days from e-voting conclusion |
Purpose and Strategic Rationale
The company has outlined its growth-oriented approach in the explanatory statement, citing anticipated opportunities in existing operations and the need for additional capital. The Board of Directors approved the QIP proposal in their meeting held on February 06, 2026.
The proposed utilization of funds includes:
- Augmenting the capital base for future capital requirements
- Supporting onward lending activities
- General corporate purposes as permissible under applicable laws
The company has indicated potential deviation of +/- 10% in the specified amount depending upon future circumstances, market conditions, and other commercial factors.
Regulatory Compliance and Pricing
The equity shares will be issued in compliance with various regulatory frameworks including the Companies Act, 2013, SEBI ICDR Regulations, and FEMA provisions. The pricing mechanism will follow SEBI ICDR Regulations with the relevant date for pricing being the Board meeting date when the QIP opening is decided.
Key regulatory features include:
- Minimum 10% allocation to mutual funds with flexibility for reallocation to other QIBs
- Maximum 50% allocation limit to any single allottee
- One-year lock-in period for allotted shares except for stock exchange transactions
- No allocation permitted to promoters or related persons
Shareholder Participation
Only shareholders whose names appear in the register of members or beneficial owners as on the cut-off date of February 06, 2026, are eligible to participate in the e-voting process. The postal ballot notice has been sent electronically to registered email addresses in compliance with MCA circulars.
The resolution requires approval as a special resolution, and if passed, will be deemed effective from the last date of remote e-voting. The company has made the postal ballot notice available on its website www.ireda.in and relevant stock exchange websites for shareholder access.
Historical Stock Returns for IREDA
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.14% | -4.96% | -8.34% | -13.56% | -29.05% | +108.70% |
