Approved the appointment of M/s. Batliboi & Purohit, Chartered Accountants as the joint statutory auditors of the company subject to the approval of shareholders at the ensuing AGM
HOMEFIRST · price
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Home First Finance Company India Ltd (HFFCIL) reported strong FY26 results with total income of Rs. 19,227 million, up 25% from Rs. 15,392 million in FY25. Profit after tax grew 41% to Rs. 5,404 million versus Rs. 3,821 million. The Board recommended a dividend of Rs. 5.20 per share (260% of face value), increased from Rs. 3.70 in the previous year. Ms. Geeta Dutta Goel and Mr. Anuj Srivastava were re-appointed as Non-Executive Independent Directors for second 5-year terms effective November 2026. M/s. Batliboi & Purohit was appointed as a new joint statutory auditor for 3 years. Mr. Divya Sehgal, Non-Executive Nominee Director, chose not to seek re-election at the AGM. The company also approved issuing Non-Convertible Debentures up to Rs. 1,000 crores via private placement.
Strong financial performance with 41% PAT growth signals healthy business momentum. The increased dividend and growing profitability are positive for shareholders. The departure of the nominee director may indicate a change in investor/shareholder composition.