The members of the company at their meeting held on January 9, 2018, had passed a resolution authorizing the Board of Directors of the company to borrow monies, from time to time, up to Rs 15,000 crore.
In view of the growth plans of the company, it is proposed to increase the borrowing limits from Rs 15,000 crore to Rs 25,000 crore for the company, the notice for AGM had explained earlier.
Driven by the vision to commission 25 GW operational capacity by 2025, an aspiration to be the largest solar energy company in the world by 2025 & the largest renewable energy company in the world by 2030 and to support its business operations, the company may need additional funds, the company had stated in the AGM notice.
Shareholders have also approved the appointment of Vneet S. Jaain as Managing Director & Chief Executive Officer.
The members also approved a proposal for re-appointment of Rajesh S Adani, as a director of the company.