SRG Housing Finance Limited has informed the Exchange regarding Notice of Postal Ballot
SRGHFL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
SRG Housing Finance Limited has issued a postal ballot notice seeking shareholder approval for two special resolutions. The company proposes to increase its borrowing limit from Rs. 1,100 Crores to Rs. 2,500 Crores under Section 180(1)(c) of the Companies Act, 2013. Additionally, shareholders are being asked to approve creation of charges, mortgages, and hypothecation on the company's movable and immovable assets (both present and future) to secure these borrowings, under Section 180(1)(a). The increase is justified for business expansion and future loan disbursements. Remote e-voting runs from April 29, 2026 to May 28, 2026 with cut-off date April 17, 2026.
The proposed borrowing limit increase (from Rs. 1,100 Crores to Rs. 2,500 Crores, a 127% jump) signals significant growth ambitions and enhanced lending capacity. Shareholders should note this substantially increases the company's financial leverage. Asset encumbrance approval could affect existing shareholders if the company needs to monetize assets later.