Please find enclosed Scrutinizer''s Report dated March 9, 2026 issued by Mr. Himanshu Gajra, Proprietor of M/s Himanshu Gajra & Company.
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India Home Loan Limited announced the results of a postal ballot conducted via remote e-voting from February 5 to March 6, 2026, scrutinised by Mr. Himanshu Gajra. Two resolutions were put to vote: (1) a Special Resolution to continue Mr. Mahesh Pujara (DIN: 01985578) as Managing Director beyond age 70, and (2) an Ordinary Resolution to increase the Authorised Share Capital with a corresponding amendment to the MOA. Both resolutions FAILED to secure the required majority. For the MD continuation, only 45.97% of polled votes were in favour versus 54.03% against, out of 9,644,080 votes polled (67.53% of total shares). For the capital increase, 43.99% voted in favour and 56.01% against, out of 10,079,080 votes polled (70.57% of total shares). Promoters voted 100% in favour of both, but public non-institutional shareholders overwhelmingly rejected both — roughly 89% against MD continuation and 90% against the capital increase.
This is a significant governance event for shareholders. The continuation of the Managing Director and the proposed capital expansion have both been turned down, largely driven by strong public shareholder dissent. The company may need to rework its capital-raising plans and clarify leadership succession, and the stock could face short-term negative sentiment on governance concerns.