IREDA Shareholders Approve Capital Raise via Equity Shares

New Delhi, 16 March 2026: Indian Renewable Energy Development Agency Limited (IREDA) has announced that its shareholders have approved a special resolution to raise capital through the issuance of equity shares. The resolution was passed with an overwhelming majority via remote e-Voting in accordance with SEBI Listing Regulations and the Companies Act, 2013.

Key Highlights of the Resolution

Resolution Type: Special Resolution
Purpose: To raise capital through issuance of equity shares
Mode of Voting: Remote e-Voting / Postal Ballot
Voting Period: 13 February 2026 to 14 March 2026
Scrutinizer: PC Jain, M/s P.C. Jain & Co., Company Secretaries
Total Shareholders on Record Date: 26,16,182
Total Votes Cast: 2,13,51,08,267
Votes in Favor: 2,13,49,36,139 (99.9919%)
Votes Against: 1,72,128 (0.0081%)
Date of Resolution Passing: 14 March 2026

The resolution was passed without any dissent from promoters/promoter group. Public institutions and non-institution shareholders also overwhelmingly supported the proposal.

About IREDA

Indian Renewable Energy Development Agency Limited (IREDA) is a government-owned financial institution under the Ministry of New and Renewable Energy (MNRE). IREDA provides financial assistance for renewable energy and energy efficiency projects across India. Its key focus areas include:

Funding solar, wind, hydro, and biomass projects
Promoting energy efficiency and green technologies
Facilitating sustainable development through clean energy initiatives

IREDA is listed on the National Stock Exchange (IREDA, Scrip Code: 544026) and BSE (Scrip Code: 544026), making it a key player in India’s renewable energy financing ecosystem.