SRG Housing Finance Ltd Board Approves Enhanced Borrowing Limit Up To ₹2,500 Crores
SRG Housing Finance Ltd announced that its Board of Directors, during a meeting held on Thursday, April 23, 2026, considered and approved significant enhancements to the company's financial structure. The key resolutions concern increasing the borrowing powers and creating charges on company assets, both subject to shareholder approval.The board approved a proposal to enhance the overall borrowing limits of the company. This increase pertains to the company's borrowing powers under Section 180(1)(c) of the Companies Act, 2013. Upon shareholder approval, the company will be able to enhance its borrowing limits up to an amount not exceeding ₹2,500 Crores (Rupees Two Thousand Five Hundred Crores only), from time to time.
In parallel, the board also approved the creation of charges on the company’s movable and immovable assets. This measure is intended to secure borrowings up to ₹2,500 Crores, which includes existing borrowings. The specifics of the charges will be determined by the Board.
The board meeting commenced at 12:15 P.M. and concluded at 12:34 P.M. The company noted that both the increased borrowing limits and the creation of charges are contingent upon the approval of the company's shareholders.
SRGHFL Stock Price Movement
As of 1:02 PM, shares of SRG Housing Finance Limited are slipping by 4.23% in live trading, currently at ₹282.35. The equity registered a notable drop in the market so far today, with the total traded volume reaching 145 shares.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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