With reference to the above we are submitting Annual Secretarial Compliance Report of Ind Bank Housing Limited for the year ending 31.03.2025
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Ind Bank Housing Ltd has submitted its Annual Secretarial Compliance Report for FY ending 31 March 2025, prepared by SPNP & Associates (Practising Company Secretaries). For the current review period (FY25), the company reported NIL observations and is compliant with applicable SEBI regulations, secretarial standards, insider trading norms, and website disclosure requirements. The report also references a prior-year observation (FY24): the National Housing Bank cancelled the company's Certificate of Registration (CoR) as a Housing Finance Institution (HFI) for failing to comply with RBI directions under Chapter V of the NHB Act. The company's Board has consented to winding up under Section 271 of the Companies Act, 2013, subject to shareholder and statutory approvals. The company has no subsidiaries, no director disqualifications, no auditor resignations, and no SEBI or stock exchange actions against it.
This is largely a routine compliance filing confirming no new violations for FY25, but it carries a significant negative undertone — the company has already lost its HFI license from NHB and its Board has approved winding up, pending shareholder approval. Shareholders should view this as a major structural event that could lead to delisting and liquidation, with little prospects of business continuity in housing finance.