Business
Bondada Engineering Calls November 21 EGM to Approve ₹2,000 Crore Loan and Guarantee Limit
By News Desk ·
Key takeaways
- Bondada Engineering scheduled an EGM for November 21, 2026 to seek approval for loans and guarantees up to ₹2,000 crore to subsidiaries and associates.
- Shareholders will also vote on security creation and borrowing limits of ₹10,000 crore each under Sections 180(1)(a) and 180(1)(c).
- The EGM includes ratification of a ₹1,153.93 crore EPC contract with Onix IPP for a 270 MWp solar project in Maharashtra.
Bondada Engineering will hold an extraordinary general meeting on November 21, 2026 to seek shareholder approval for advancing loans and providing guarantees of up to ₹2,000 crore to subsidiaries and associate companies. ScanX reported the EGM will be conducted via video conferencing. Bondada Engineering is a Hyderabad-based solar EPC and infrastructure company founded in 2012, according to akta.pro company records.
Bondada Engineering's Four Special Resolutions
The board has recommended four special resolutions for member approval. The first authorizes the board to advance loans, give guarantees or provide securities for financial assistance taken by entities listed in Table A, including subsidiaries Bondada EcoBuild Private Limited and Onix IPP Private Limited, with the aggregate capped at ₹2,000 crore at any time. A parallel approval under Section 186 covers investment in equity shares, preference shares or convertible debentures of other bodies corporate, also capped at ₹2,000 crore inclusive of existing investments and loans.
Item 2 seeks consent under Section 180(1)(a) to create pledges, charges or hypothecations over the whole or substantially the whole of any undertaking, including equity shares and subordinated loans advanced to companies in Table B, with a maximum limit of ₹10,000 crore. Item 3 addresses borrowings under Section 180(1)(c), asking shareholders to approve sums from banks, financial institutions or other lenders that may exceed the aggregate of paid-up share capital, free reserves and securities premium, with total outstanding borrowings capped at ₹10,000 crore.
Item 4 seeks ratification of a related party transaction with Onix IPP Private Limited, which the Audit Committee ratified on October 16, 2026. The transaction covers an EPC contract for a 270 MWp ground-mounted solar photovoltaic project in Maharashtra, valued at up to ₹1,153.93 crore inclusive of applicable taxes. Directors Mr. Bondada Raghavendra Rao and Mrs. Neelima Bondada have declared their interest in this resolution.
Bondada Engineering's Order Book and Revenue
According to akta.pro company records, Bondada Engineering reported FY26 revenue of ₹2,843 crore, an 81% year-on-year increase from ₹1,571 crore in FY25, and FY26 profit after tax of ₹211 crore, up 86% from ₹113 crore. The same records put the total order book at ₹7,147 crore as of March 31, 2026, providing revenue visibility through FY27.
Bondada Engineering's Recent Contract Wins
In October 2026, Bondada Engineering commissioned 221.7 MWp of solar projects in Q2FY27, bringing cumulative executed capacity to about 1.7 GWp, ScanX reported. Earlier that month, subsidiary Onix IPP Private Limited secured a ₹911.25 crore sanction from SBI for a 225 MW solar IPP project, comprising ₹900 crore in term loans and ₹11.25 crore in non-fund-based facilities backed by a 25-year PPA with MSEDCL. On October 23, 2026, Construction World reported that GIPCL issued a Letter of Intent to Bondada Engineering for a 20 MW/120 MWh battery energy storage system, which the company accepted on October 17, 2026.
Bondada Engineering's November 21 Vote
The EGM on November 21, 2026 will put the four special resolutions to shareholders, including the ₹2,000 crore loan and guarantee limit and the ₹10,000 crore security creation and borrowing caps.