Disclosure of Voting Results of Postal Ballot through Remote E-voting in accordance with Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Scrutinizer s Report
IREDA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
IREDA sought shareholder approval via postal ballot (remote e-voting from Feb 13 to Mar 14, 2026) for a Special Resolution to raise capital through the issuance of equity shares. The resolution was passed overwhelmingly on March 14, 2026, with 99.99% of votes cast in favour out of 2.135 billion shares polled (76% of total outstanding shares). Promoters (Government of India) voted 100% in favour with all 2.016 billion shares. Public institutions also voted 100% in favour, while public non-institutions showed 90.4% support and 9.6% dissent. No invalid votes were recorded. The scrutinizer was P.C. Jain & Co., Company Secretaries.
Shareholders have green-lit a potential equity dilution to raise fresh capital, which could expand IREDA's lending capacity for renewable energy projects but may dilute existing shareholders' stakes depending on the issue size and price. With the government's full backing and near-unanimous institutional support, market reaction is likely neutral to mildly positive, though the actual size and timing of the issuance will be the key driver of share price movement.