IndoStar Capital Finance Limited has informed the Exchange about special resolution passed by the shareholders of the Company at the Annual General Meeting held on September 25, 2025 approving issue of non-convertible debentures upto INR 6,000 crores on private placement basis in one or more tranches
INDOSTAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.3 pts less than Nifty Microcap 250 and 1.5 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
IndoStar Capital Finance held its 16th Annual General Meeting on September 25, 2025, where all six resolutions were passed by shareholders. The key resolution (Special Resolution, Item No. 4) approves the issue of non-convertible debentures (NCDs) up to INR 6,000 crores on a private placement basis, in one or more tranches. Other resolutions included adoption of standalone and consolidated audited financial statements for FY25, re-appointment of Mr. Devdutt Marathe as a director, appointment and remuneration of the Secretarial Auditor, and appointment of Mr. Vishal Goenka as a Non-Executive Non-Independent Director. Total voting participation was 73.26% of outstanding shares, with the NCD resolution passing with 99.9998% in favour. Promoter group (holding 99,745,221 shares) voted 100% in favour of all resolutions.
The INR 6,000 crore NCD raise gives the NBFC significant headroom to expand its lending book and manage liabilities, but the sheer size (relative to its existing scale) signals aggressive growth plans or refinancing needs. For shareholders, this is debt, not equity dilution, so no immediate ownership impact, though higher leverage could affect future profitability and risk profile.