SRG Housing Finance Limited has informed the Exchange regarding Outcome of Board Meeting held on April 23, 2026.

Board & Shareholder Meetings View source PDF

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Price reaction · full curve 14 horizons · vs prior close

-5.1%1-day move

₹294.90

prior close

₹282.35

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AI summary

SRG Housing Finance Limited's Board of Directors approved two key proposals on April 23, 2026. First, the Board proposed to increase the company's borrowing powers up to ₹2,500 Crores under Section 180(1)(c) of the Companies Act, 2013. Second, the Board approved the creation of charges on movable and immovable assets to secure borrowings up to ₹2,500 Crores, including existing borrowings. Both proposals are subject to shareholder approval, which will be sought via postal ballot. The meeting lasted from 12:15 PM to 12:34 PM.

Likely market impact

The increased borrowing limit suggests SRG Housing Finance is planning to scale up its lending operations, which could support future business growth. Shareholders will need to approve these proposals at an upcoming postal ballot.