Please find attached Annual Secretarial Compliance Report as per Regulation 24A of SEBI (LODR) Regulations, 2015 for the year ending March 31, 2025.
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India Home Loan Ltd submitted its Annual Secretarial Compliance Report for FY25, prepared by D.A. Kamat & Co. The report flagged three compliance issues. First, the company breached the prescribed Loan-to-Value (LTV) ratio under NHB/RBI Directions for Affordable Housing by sanctioning loans above the limit, attracting a Rs. 1,00,000 penalty from RBI which has been paid. Second, the company delayed filing its Statement on Impact of Audit Qualification by 19 days under Regulation 33 of SEBI LODR, attracting a Rs. 1,12,100 fine from BSE which has been paid. Third, prior-year issues included a 2-day delay in Board Meeting intimation and 19-day delay in Security Cover Certificate filing under Regulation 54 of SEBI LODR, with both penalties already paid to BSE.
Investors should note the ongoing NCD default of Rs. 21.14 crore which indicates liquidity stress, though partial repayments are underway. The multiple regulatory penalties, though paid, point to weaknesses in compliance processes that may attract further scrutiny from BSE, RBI, and SEBI if not corrected.