PTC Industries Approves Aggressive Funding Routes and Increases Borrowing Limits Up To ₹600 Crore
PTC Industries Limited announced significant approvals following its Board meeting held on June 27, 2026. The board approved multiple measures related to capital raising, lending capacity, and corporate borrowing limits, which are subject to future shareholder approval via an Extraordinary General Meeting (EGM).The company’s directors authorized up to ₹1800 Crores through various methods of equity issuance. These include a Qualified Institutions Placement (QIP), a Preferential Issue, or the issue of share warrants convertible into equity shares. This enabling approval is intended to facilitate preparatory engagement with merchant bankers and advisors. The specific terms of the issue, including pricing and utilization of proceeds, will be determined subsequently by the Board and Audit Committee prior to launch.
Key Corporate Financial Approvals
The board meeting also addressed several limits concerning loans, guarantees, and collateralization:- Loan and Guarantee Capacity: The company approved a proposal to provide loans, guarantees, or make investments up to INR 2000 Crores. This amount is based on 60% of the paid-up share capital and free reserves and securities premium account, or 100% of the free reserves and securities premium account, whichever is greater at that time.
- Borrowing Limit Increase: The Board approved increasing the company’s borrowing limits under Section 180(1)(c) of the Companies Act, 2013, from ₹350 crore to ₹600 crore, pending shareholder approval.
- Charge Creation Capacity: Similarly, the board approved an increase in the limit for creating a charge on the company’s assets for securing borrowings under Section 180(1)(a) of the Companies Act, 2013, raising this limit from ₹350 crore to ₹600 crore.
Financing Details Summary
The authorized securities and issuance types are detailed below:| Type of Securities | Issuance Type | Maximum Aggregate Amount |
|---|---|---|
| Eligible Securities (including Equity Shares and warrants) | Qualified Institutions Placement (QIP), Preferential Issue, or Issue of Warrants | Not exceeding ₹1800 crores |
The company’s Board has approved the convening of an Extraordinary General Meeting (EGM) through Video Conferencing (VC) or other audio-visual means to seek members' approval for these measures. The Company Secretary has been authorized to finalize the EGM notice, which will include details regarding the record date and remote e-voting process.
PTCIL Stock Price Movement
On Thursday, PTC Industries Limited shares edged higher to settle at ₹17429 after closing marginally up by 0.02%. The stock traded within a range between ₹17338 and ₹17601, with 9,466 shares recorded in trade during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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