Mumbai, February 3, 2026: State-owned Indian Renewable Energy Development Agency Limited (IREDA) has informed stock exchanges that its Board of Directors will meet on Friday, February 6, 2026, to consider a major fund-raising proposal through the issuance of equity shares.
In a regulatory filing submitted to BSE Limited and the National Stock Exchange of India (NSE) under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, IREDA stated that the board will, inter-alia, consider raising funds of up to ₹2,994 crore through a Qualified Institutions Placement (QIP), in one or more tranches.
Shareholder Approval via Postal Ballot
The board will also consider convening a postal ballot to seek approval of the shareholders for the proposed equity issuance, subject to necessary approvals from governmental, regulatory, and statutory authorities, as applicable.
The proposed fund raise is expected to strengthen IREDA’s capital base and support its expanding role in financing renewable energy projects across the country.
Trading Window Closed
IREDA further informed that, in compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the company’s securities has been closed with immediate effect and will reopen 48 hours after the conclusion of the board meeting.