Repco Home Finance Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 22, 2025
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Repco Home Finance held its 25th AGM on August 22, 2025 via video conferencing, attended by 50 members along with all directors and key management. The Chairman confirmed that the FY25 Auditor's Report had no qualifications or observations. Seven resolutions were placed before shareholders, covering adoption of accounts, declaration of dividend, re-appointment of Chairman Mr. C. Thangaraju, and appointment of the Secretarial Auditor as ordinary business. Key special business items included approval for related party transactions with promoter Repco Bank, authorization to raise up to Rs. 1,500 crore via Non-Convertible Debentures and Rs. 1,000 crore via Commercial Papers on private placement (special resolution), and a revision in remuneration for Managing Director & CEO Mr. T. Karunakaran. All voting was conducted electronically, and the e-voting results are awaited and will be announced separately by the scrutinizer.
The Rs. 2,500 crore combined NCD and Commercial Paper borrowing authorization signals significant near-term funding plans, likely to support loan book growth at this housing finance company. Dividend declaration and the clean audit report are positive for shareholders, while approval of related party transactions with Repco Bank and the MD remuneration revision are governance matters requiring shareholder endorsement.