IREDA To Raise ₹2,994 Crore Via Equity Issuance To QIBs & Others, Seeks Shareholder Nod Through Postal Ballot

Indian Renewable Energy Development Agency to Raise Rs 2,994 Crore through Equity Shares

The State-owned Indian Renewable Energy Development Agency is seeking shareholders' approval to raise a significant amount of capital through the issuance of equity shares.

Key Highlights:

• Raising Rs 2,994 crore through the issuance of equity shares
• Shareholders' approval sought through a postal ballot
• Issue will not dilute the shareholding of the President of India by more than 3.76%
• Capital to be used for growth opportunities, onward lending, and general corporate purposes

The company has proposed to raise additional capital to augment its capital base and meet future capital requirements. The implementation and deployment of proceeds will be approved by the Board at a later time.

Schedule for Remote E-Voting:

The remote e-voting on the resolution will begin on Friday, February 13, 2026, at 09:00 am and will end on Saturday, March 14, 2026, at 05:00 pm.

Objective of the Capital Raising:

The company continues to require capital for achieving growth in its existing operations and evaluating various avenues. The additional capital will be used to meet future capital requirements, onward lending, and general corporate purposes, as may be permissible under applicable laws and as approved by the board of directors.