Please find enclosed Postal Ballot notice dated January 30, 2026 along with explanatory statement seeking approval from the shareholders of the Company for the resolutions set out in the notice.
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India Home Loan Ltd has sent a Postal Ballot notice to shareholders seeking approval through remote e-voting on two items. The first is a Special Resolution to continue Mr. Mahesh Pujara (DIN: 01985578) as Managing Director even though he has crossed the age of 70 years; he was last reappointed in 2023 for a 3-year term at Rs. 72 lakhs per annum and holds 9,78,200 shares in the company. The second is an Ordinary Resolution to double the Authorised Share Capital from Rs. 25 crore to Rs. 50 crore (equity shares rising from 2.45 crore to 4.95 crore of Rs. 10 each, with preference share component unchanged). E-voting runs from February 5, 2026 to March 6, 2026, with the cut-off date being January 30, 2026. The board has cited Pujara's 42 years of financial services experience and 14 years in affordable housing finance to retain him, and said the capital hike is to facilitate future fund raises.
For shareholders, both items are routine governance actions. Retention of the long-serving MD signals leadership continuity, while the authorised capital expansion gives the company room for future equity raises but does not by itself dilute current shareholders. Voting outcomes will be declared after March 6, 2026.