Please find attached Annual Secretarial Compliance Report as per regulation 24A of SEBI (LODR) Regulation, 2015 for the year ending March 31, 2026.
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India Home Loan Ltd submitted its Annual Secretarial Compliance Report for the year ending March 31, 2026, as required under SEBI (LODR) Regulation 24A. The report, issued by Practicing Company Secretary Himanshu Gajra & Company, identifies several compliance issues: (1) RBI imposed a monetary penalty of Rs. 32,000 for failure to conduct periodic customer risk categorization and KYC updation, which the company has paid and subsequently remediated; (2) the company failed to obtain shareholder approval for continuing Managing Director Mr. Mahesh Narshibhai Pujara after age 70, requiring his re-designation to Director; and (3) the company defaulted on redemption of 200 NCDs worth Rs. 20 crore (originally due June 30, 2023), with current outstanding liability at Rs. 24.03 crore (principal Rs. 16.95 crore). All other statutory compliance requirements were met.
The NCD default and director approval issue signal potential governance and liquidity concerns for shareholders. While the company has taken corrective actions, the outstanding debt obligation of Rs. 24.03 crore remains a liability that could affect financial stability.