IREDA Announces Postal Ballot for ₹2,994 Crore Capital Raising Through QIP

IREDA has announced a postal ballot notice for seeking shareholder approval to raise capital through equity shares issuance worth up to ₹2,994 crore. The company issued the notice on February 12, 2026, under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Capital Raising Details The proposed capital raising will be executed through a qualified institutions placement (QIP) in accordance with Chapter VI of SEBI ICDR Regulations. The funds will be raised from eligible qualified institutional buyers (QIBs) as defined under applicable regulations. Parameter: Details Issue Size: Up to ₹2,994 crore Method: Qualified Institutions Placement (QIP) Target Investors: Eligible Qualified Institutional Buyers Government Dilution Limit: Maximum 3.76% of post-issue paid-up equity share capital Completion Timeline: Within 365 days from special resolution approval E-Voting Schedule and Process The company has adopted a remote e-voting mechanism for the postal ballot process, engaging MUFG Intime India Private Limited as the registrar and e-voting service provider. M/s P.C. Jain & Co., Company Secretaries has been appointed as the scrutinizer for conducting the postal ballot process. Timeline: Date and Time Cut-off Date: Friday, February 06, 2026 E-voting Commencement: Friday, February 13, 2026 at 9:00 AM (IST) E-voting Conclusion: Saturday, March 14, 2026 at 5:00 PM (IST) Result Declaration: Within 2 working days from e-voting conclusion Purpose and Strategic Rationale The company has outlined its growth-oriented approach in the explanatory statement, citing anticipated opportunities in existing operations and the need for additional capital. The Board of Directors approved the QIP proposal in their meeting held on February 06, 2026. The proposed utilization of funds includes: Augmenting the capital base for future capital requirements Supporting onward lending activities General corporate purposes as permissible under applicable laws The company has indicated potential deviation of +/- 10% in the specified amount depending upon future circumstances, market conditions, and other commercial factors. Regulatory Compliance and Pricing The equity shares will be issued in compliance with various regulatory frameworks including the Companies Act, 2013, SEBI ICDR Regulations, and FEMA provisions. The pricing mechanism will follow SEBI ICDR Regulations with the relevant date for pricing being the Board meeting date when the QIP opening is decided. Key regulatory features include: Minimum 10% allocation to mutual funds with flexibility for reallocation to other QIBs Maximum 50% allocation limit to any single allottee One-year lock-in period for allotted shares except for stock exchange transactions No allocation permitted to promoters or related persons Shareholder Participation Only shareholders whose names appear in the register of members or beneficial owners as on the cut-off date of February 06, 2026, are eligible to participate in the e-voting process. The postal ballot notice has been sent electronically to registered email addresses in compliance with MCA circulars. The resolution requires approval as a special resolution, and if passed, will be deemed effective from the last date of remote e-voting. The company has made the postal ballot notice available on its website www.ireda.in and relevant stock exchange websites for shareholder access. The government has announced a strategic investment plan for IREDA , allocating ₹40,064 crore for the financial year 2026-27. This represents a substantial increase from the revised investment of ₹34,730 crore allocated for 2025-26, demonstrating the government's commitment to strengthening India's renewable energy financing infrastructure. Investment Allocation Details The government's enhanced funding commitment reflects a significant boost in support for the renewable energy financing institution: Financial Year: Investment Amount Change 2025-26 (Revised): ₹34,730 crore - 2026-27 (Planned): ₹40,064 crore +15.36% Strategic Investment Enhancement The increased allocation of ₹40,064 crore for 2026-27 represents a funding boost of over ₹5,300 crore compared to the previous year's revised allocation. This substantial enhancement underscores the government's strategic focus on bolstering India's renewable energy sector through enhanced capital support and reflects the priority given to renewable energy development financing. Expected Impact The significant year-on-year increase in government investment is positioned to strengthen IREDA's capital base, enabling the organization to expand its lending capacity and support more renewable energy projects across the country. The enhanced funding allocation aligns with India's broader renewable energy objectives and demonstrates sustained government commitment to the sector's growth and development. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians. As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. 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