Ind Bank Housing Ltd

R. Padma – Independent Director appointment

• Change: Appointment of Smt. R. Padma as Independent Director.
• Effective from 14 August 2026 for a five-year term.
• Profile: Padma Sridharan, MBA, CAIIB, 38+ years banking background.
• Eligibility: Not debarred by SEBI or listing authorities.
• Relationship: Not Applicable.
• Reason/Notes: Second consecutive term.

R. Murugesan – Non-Executive Nominee Director appointment

• Change: Appointment of Shri R. Murugesan as Non-Executive Nominee Director.
• Effective date: 14 August 2026; term not specified.
• Profile: Regional Chief, Chennai; 1999 Law Officer; 26 years in HUDCO.
• Relationship: Not Applicable.
• Eligibility: Not debarred by SEBI or other authorities.
• Reason/Notes: Appointed as Non-Executive Nominee Director.

Non-applicability and net worth verification

• Regulation 15(2) corporate governance not applicable for the quarter ended 30 June 2026.
• Reason: paid-up equity capital ₹10 crore and net worth ≤ ₹25 crore.
• As of 31.03.2026, net worth is negative ₹120.96 crore.
• Net worth certificate from PCA attached.
• Certificate covers FY2024–2026; auditor AR Krishnan & Associates; date 13 Apr 2026.
• Paid-up capital shown as ₹10 crore across the last three years.
• Total net worth: negative ₹120.56–₹120.96 crore for 2024–2026.

Dematerialisation processing

• Dematerialisation requests received during the quarter were processed (accepted/rejected) by the registrar and transfer agent.
• Physical certificates for dematerialisation were mutilated and cancelled; depository name substituted as registered owner.
• Securities dematerialised have been listed on the stock exchanges where the earlier issued securities are listed.

Key results and going-concern update

• Q1 FY27 unaudited results approved by Board on 4 July 2026.
• Revenue from operations for quarter ended 30 June 2026: 319.30 Lakhs.
• Total comprehensive income for the quarter: 387.54 Lakhs.
• EPS (basic and diluted) for the quarter: 3.88 Rs.
• Paid-up equity share capital: 1,000.00 Lakhs.
• Reserves excluding revaluation: 13,096.27 Lakhs.
• RBI cancelled Certificate of Registration to carry on housing finance.
• Board resolved to cease HF/NBFI activities; wind-up contemplated.
• Company now engaged in recovery and disposal of mortgaged assets; no segment reporting.
• Auditors' review note: material uncertainty about going concern due to license cancellation.
• Standalone unaudited results; limited review performed (not an audit); wind-up ongoing.

Board decisions

• Un-audited standalone results for the quarter ended 30 June 2026 approved by the Board.
• RBI cancelled the company's housing finance certificate; board ceased HF/NBFI activities in Sep 2023.
• Auditors' review cites material going concern uncertainty due to wind-up plans and asset recovery.
• Company now focuses on recovery and disposal of mortgaged assets; no segment reporting.

Meeting details

• Board of Directors meeting on 04 July 2026.
• Agenda: consider and approve unaudited results for quarter ended 30 June 2026.
• Unaudited financial results for the quarter ended 30 June 2026.
• Trading window closed from 01 July 2026; opens 48 hours after results are declared.