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Informist, Monday, Feb. 2, 2026

--Sundaram Finance ups limit for FY26 borrowing via NCDs to INR 160 bln 

NEW DELHI – Sundaram Finance Ltd.'s Board Monday approved raising the limit of borrowing through non-convertible debentures on private placement basis to INR 160 billion, the non-banking financial company said in an exchange filing. The borrowing limit for 2025-26 (Apr-Mar) was hiked by INR 30 billion, the company said. The fund will be raised in one or more tranches. 

The Board approved the re-appointment of Rajiv C. Lochan as the managing director of the NBFC for five years, effective Apr. 1. It also approved the re-appointment of Harsha Viji as the executive vice chairman for five years and the elevation of A.N. Raju to the post of joint managing director for a term of four years.

For the December quarter, Sundaram Finance reported an over 15% on-year rise in profit supported by 16% rise in revenue. Shares of Sundaram Finance surged after the company announced its earnings Monday and closed 8.1% higher at INR 5,358.50 on the National Stock Exchange.  End

Reported by Priyasmita Dutta

Edited by Akul Nishant Akhoury

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