The Board of Directors at their meeting held today 13.10.2025, has inter alia taken on record and approved the followings: 1. Un-audited Financial Results and Limited Review Report for ....
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The Board of Ind Bank Housing Ltd approved unaudited financial results for the quarter and half year ended 30 September 2025 along with the Limited Review Report. Total revenue stood at Rs 12.10 lakhs in H1 FY26 versus Rs 12.28 lakhs in H1 FY25, entirely from 'other income' as revenue from operations is nil. The company reported a loss before tax of Rs 13.40 lakhs in H1 FY26, improving slightly from Rs 20.26 lakhs loss in H1 FY25. The Board also noted the re-appointment of M/s A R Krishnan & Associates as Statutory Auditors for FY 2025-26 by the Comptroller and Auditor General of India. Importantly, the auditor's review report highlights that the RBI cancelled the company's Housing Finance registration in September 2023 and the Board had in-principle consented to wind up the company in November 2023. The balance sheet shows negative equity of Rs 12,100.82 lakhs (accumulated losses of Rs 13,100.82 lakhs) against borrowings of Rs 12,900 lakhs, indicating a stressed financial position.
This is materially negative for shareholders — the company is in a wind-up mode with negative net worth, no operating business, and persistent losses. Equity holders are likely to face significant erosion given accumulated losses far exceed share capital. The stock should be viewed as a high-risk, distressed situation.