Sundaram Finance Limited has approved a proposal to raise up to ₹500 crore in additional Tier 2 capital during FY 2026-27. The funds will be mobilized through the issuance of Subordinated Non-Convertible Debentures on a private placement basis, in one or more tranches. This move aims to strengthen the company's capital base.

The decision was taken at a Board Meeting held on May 25, 2026. The meeting commenced at 10:00 A.M. and concluded at 1:15 P.M. The approval is part of the company's strategy to augment its capital adequacy through subordinated debt instruments.

The disclosure was made under Regulation 30 and Regulation 51 read with Schedule III of the SEBI (LODR) Regulations, 2015. The intimation was submitted to the National Stock Exchange of India Limited and the Bombay Stock Exchange Limited.

Key Details of Fund Raising

India Motor Parts & Accessories Limited has filed its mandatory annual declaration with regulatory authorities, confirming no encumbrance of shares held in Sundaram Finance Limited during the financial year 2025-26. The declaration was submitted under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Regulatory Compliance Declaration

As a promoter group entity of Sundaram Finance Limited, India Motor Parts & Accessories Limited submitted the required annual disclosure confirming that no encumbrance was made on their shareholding during FY26 or earlier periods. The declaration ensures compliance with SEBI's transparency requirements for substantial shareholders.

Declaration Scope

The annual declaration covers the complete financial year 2025-26 and confirms that India Motor Parts & Accessories Limited has not created any direct or indirect encumbrance on shares held in Sundaram Finance Limited. This includes any pledging, hypothecation, or other forms of security creation against the shareholding.

Regulatory Framework

Under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, promoter group entities are required to make annual declarations regarding any encumbrance of shares. This regulatory requirement ensures transparency in shareholding patterns and protects investor interests by maintaining clear disclosure of any restrictions or charges on promoter holdings.

The declaration was duly authorized by Company Secretary R Swetha and filed from Chennai, confirming the company's commitment to regulatory compliance and transparent corporate governance practices.