India Home Loan Ltd

AGM & AR update

• 36th AGM scheduled for 11 September 2026 at 2:30 PM via VC/OAVM.
• Annual Report for FY 2025-26 available at https://indiahomeloan.co.in/UploadedFile/a20cab23-5b4f-41ee-bb18-a49c7652589f_India%20Home%20AR_25-26.pdf
• Letters with AR web-link dispatched to shareholders without registered email addresses.
• Cut-off date for email registration: 7 August 2026; update KYC and dematerialize physical securities.
• Physical-holding shareholders lacking PAN/nomination/contact/bank details receive payments only electronically.

Financial performance

• Revenue from operations: 1,465.21 lakh.
• Total revenue: 1,481.23 lakh.
• PBT: 17.34 lakh; PAT: 9.64 lakh.
• Tax expense: 7.70 lakh.
• EPS basic/diluted: 0.07.
• NII: 740.47 lakh; Interest income: 1,433.26 lakh.
• Other income: 16.02 lakh; Fees income: 31.95 lakh.
• NII up 27% YoY to 740.47 lakh.
• AUM: 4,867 lakh; Housing 4,053 lakh; LAP 229; Dev 585.
• CRAR (capital adequacy): 75.02%; Tier I 49.87%; Tier II 25.15%.
• Net NPAs: 1.93%; Gross NPA: 2.69%.

Asset mix and portfolio

• AUM by product: Housing 4,053; LAP 229; Developer 585.
• Total AUM: 4,867 lakh.
• Disbursed 8 loan proposals totaling 613 lakh.
• Average home loan value: 5–10 lakh.

Capital adequacy and liquidity

• CRAR: 75.02%; Tier I 49.87%; Tier II 25.15%.
• Total borrowings: 4,313.44 lakh; debt securities: 1,695; bank borrowings: 2,618.43.
• Total equity: 3,854.90 lakh; net debt to equity: 1.12x.
• Liquidity management via ALM framework; no material liquidity risk.

Credit quality and provisioning

• Gross NPA: 2.69%; Net NPA: 1.93%.
• ECL provisions: 263.14 lakh; RBI regulatory package: 34.50 lakh.
• Total provisions: 263.14 lakh; standard assets: 190.80 lakh.
• NCD default: principal outstanding 24.03 crore; past due cases noted.

Dividends and shareholder returns

• Dividend for FY2025-26: not declared.
• No interim dividend; no corporate dividend tax provision noted.

Governance and risk management

• Board changes: Chahan Vora ceased 12-Aug-2025.
• Independent Directors meet; governance under RBI/NHB directions; familiarisation programs ongoing.
• ERP implementation (Graviton) in final stages; partial audit qualification noted.

Outlook and risks

• Rising interest rates may affect affordability and demand.
• Management aims for expansion, diversification, and stronger risk controls.
• Capital adequacy remains well above regulatory minimums; monitoring asset mix.

Operational and other notes

• AUM growth reflect focus on housing and affordable housing segments.
• Employees: 46; cost control and efficiency initiatives ongoing.
• Management commentary: positive long-term housing finance outlook in India.

Key actions

• Board approved Q1 FY2026 unaudited Ind-AS results for quarter ended June 30, 2026.
• Limited Review Report on the results provided by HK Shah & Co.
• AGM scheduled for Sept 11, 2026 via VC/OAVM; notice cut-off Aug 7, 2026.
• Re-appointment of Mahesh Shah as Non-Executive Independent Director for five years from Aug 12, 2026.
• Re-appointment of Mitesh M. Pujara as Whole-Time Director for three years from Aug 20, 2026.
• Appoints Mahesh Pujara as MD for three years from Aug 12, 2026; remuneration approved subject to shareholders' approval.
• Auditor's report notes no material misstatement in the unaudited results.
• Emphasis of Matters: improving going-concern; revenue needs to increase; SARFESI collaterals; repossessed properties held for sale.

Meeting Details

• Board meeting on 12 August 2026 to consider unaudited results; time/venue not disclosed.

Key Agenda Items

• Consider and approve unaudited financial results for the quarter ended 30 June 2026.

Other Notes

• Trading window closed from 1 July 2026 until 48 hours after results for quarter ended 30 June 2026.

Instruments Rated

• Bank loan facilities: IVR D long-term rating; reaffirmed, removed from Issuer Not Cooperating.
• Non-convertible debentures/bonds: IVR D long-term rating; reaffirmed, removed from Issuer Not Cooperating.

Agency & Action

• Agency: Infomerics Valuation & Rating Limited; ratings reaffirmed; status removed from Issuer Not Cooperating.

Change since last rating / Outlook

• Status: removed from Issuer Not Cooperating; outlook not disclosed.

Rationale

• Rationale not provided in excerpt.

Dematerialisation status and listing

• Dematerialisation requests processed during quarter ended June 2026; securities listed on exchanges where earlier issues are listed.
• Physical certificates dematerialised mutilated, cancelled; depository name substituted as registered owner within timelines.