Asset cover details w.r.t. Non-Convertible Debentures of the Company
AADHARHFC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Aadhar Housing Finance Limited reported strong FY2026 results with total income of Rs 3,68,654 lakhs and profit after tax of Rs 1,09,549 lakhs, up 19% YoY. The company disclosed that its secured NCDs are backed by a 1.10x asset cover ratio through pari passu first charge on hypothecated book debts and receivables. Asset quality remains healthy with GNPA at 1.09% and NNPA at 0.71%, while capital adequacy stands at a robust 42.49%. The filing also revealed a change in control where Blackstone entity BCP Asia II Holdco VII Pte. Ltd acquired 64.90% stake, triggering a mandatory open offer. IPO proceeds of Rs 100,000 lakhs have been fully utilized towards lending and general corporate purposes.
The company maintains adequate asset cover for its NCDs with healthy capital buffers and improving profitability, suggesting low credit risk for debenture holders. The change in promoter to Blackstone may bring strategic changes but does not immediately impact debt servicing capacity.