PTC Industries Board Approves Funding Raise Up To ₹1800 Crores, Increases Borrowing Limits

PTC Industries Board Approves Funding Raise Up To ₹1800 Crores, Increases Borrowing Limits​

PTC Industries Limited has announced significant corporate approvals following a Board meeting held on June 27, 2026. The Board approved multiple measures related to fundraising, lending capacities, and increasing the company's borrowing and asset charge limits, pending required shareholder consent.

The management of PTC Industries Limited reviewed and authorized several key financial strategies aimed at strengthening the company’s capital structure and operational capacity. The primary focus involves a substantial potential fund raise through various equity mechanisms.

Fundraising and Equity Issuance
The Board granted approval for raising funds aggregating up to ₹ 1800 Crores. This funding is planned to be secured through Qualified Institutions Placement (QIP), Preferential Issue, or the issuance of share warrants convertible into equity shares. The specifics concerning the issue size, pricing, and timing will be determined after engaging with merchant bankers and advisors.

Approval for Loans and Investments
The company also received Board approval for a proposal related to providing loans, guarantees, and making investments. This facility limit has been set up to INR 2000 Crores, which is tied to the greater of either 60% of the paid-up share capital and free reserves or 100% of the free reserves and securities premium account of the company.

Limits for Debt Obligations Increased
To support future debt obligations, the Board approved increases in two critical limits:


The approvals for the increases in borrowing limits and creation of charge limits are subject to the approval of the shareholders.

Convening of EGM
To seek the necessary shareholder consent for these approved matters—including the fund raise, lending/guarantee approvals, and the increased financial limits—the Board also approved the convening of an Extra-Ordinary General Meeting (EGM). The Board has authorized the Company Secretary to finalize the notice of the EGM, including the record date, cut-off details, and the appointment of a Scrutiniser.

Stock Price Movement​

At the close of trade on Thursday, shares of Veerhealth Care Ltd settled at ₹30.70, edging higher by 0.66%. The stock traded within a range throughout the session, with an intraday low hitting ₹29.76 and a high recorded at ₹30.75.