Home First Finance Company India Limited has informed the Exchange regarding Change in Auditors of the company.
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Home First Finance Company India Limited held a Board Meeting on May 6, 2026, approving several key items. Financially, the company reported FY2026 profit after tax of Rs. 5,403.83 million (up ~41% YoY from Rs. 3,820.68 million) and total income of Rs. 19,227.22 million. The Board recommended a dividend of Rs. 5.20 per share (260% of face value), up from Rs. 3.70 last year. A new joint statutory auditor, M/s. Batliboi & Purohit, was appointed alongside existing auditor B S R & Co. LLP, due to the company's asset size now exceeding Rs. 15,000 crores per RBI guidelines requiring multiple auditors for larger NBFCs. The Board also re-appointed two Independent Directors — Ms. Geeta Dutta Goel and Mr. Anuj Srivastava — for second five-year terms effective November 1, 2026. Additionally, the company approved issuing Non-Convertible Debentures (NCDs) up to Rs. 1,000 crores via private placement. Mr. Divya Sehgal, Non-Executive Nominee Director, chose not to offer himself for re-appointment at the ensuing AGM.
The appointment of a second joint statutory auditor signals compliance with RBI norms for larger NBFCs — this is routine and not a concern. The strong 41% YoY profit growth and higher dividend payout are positive for shareholders. The non-retirement of Mr. Divya Sehgal warrants monitoring as it may indicate a change in board composition dynamics.