Aditya Birla Capital Limited has informed the Exchange regarding Notice of Postal Ballot
Awaiting price reaction for this filing.
Aditya Birla Capital Limited has issued a Postal Ballot Notice to its members seeking approval for five special business items. The first two resolutions are for the appointment of Mr. Nagesh Pinge and Mr. Sunil Srivastav as Independent Directors of the Company for a five-year term with effect from April 1, 2025 to March 31, 2030. The third resolution seeks to increase the Company's borrowing limit to ₹1,65,000 Crore under Section 180(1)(c) of the Companies Act, 2013. The fourth resolution seeks approval to create charges and security on the Company's assets up to the same ₹1,65,000 Crore limit. The fifth resolution seeks approval for the issuance of various categories of Non-Convertible Debentures on a private placement basis, including secured debentures up to ₹95,000 Crore, sub-debt up to ₹10,000 Crore, Tier I perpetual instruments up to ₹3,000 Crore, and masala bonds up to ₹3,000 Crore. The e-voting period runs from May 22, 2025 to June 20, 2025, and results will be announced by June 24, 2025.
The significant increase in borrowing limits to ₹1,65,000 Crore and approval for large-scale NCD issuance suggests the Company plans to raise substantial debt, which may signal expansion plans or refinancing activity. The appointment of two experienced Independent Directors (former Tata Motors head of internal audit and ex-SBI Deputy MD) strengthens board oversight, particularly in governance, risk management, and banking expertise relevant to its NBFC operations.