The paid up equity share capital for the company as on 31.03.2025 is Rs.10.00 Crores and Networth of the company as on 31.03.2025 is Rs.(120.87) Crore Networth certificate obtained from ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ind Bank Housing Ltd has submitted a certificate to BSE confirming that SEBI LODR Regulation 23(9), which deals with disclosures of related-party transactions, does not apply to the company for the half-year ended 31 March 2025. The exemption is claimed under Regulation 15(2) because the company's paid-up equity share capital is Rs. 10.00 crore (the maximum allowed threshold) and its net worth is deeply negative at Rs. (120.87) crore, both meeting the small-company criteria. A chartered accountant certificate from A.R. Krishnan & Associates confirms these figures, showing accumulated losses of Rs. 136.70 crore against reserves of only Rs. 5.83 crore. Net worth has steadily worsened from Rs. (119.87) crore in FY23 to Rs. (120.87) crore in FY25, reflecting continued losses.
This is a routine regulatory filing, but the numbers reveal severe financial weakness — negative net worth over 12 times the paid-up capital indicates heavy erosion of shareholder value. Retail investors should treat the deeply negative net worth as a significant red flag regarding the company's long-term financial health.