Repco Home Finance Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 22, 2025
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Repco Home Finance has notified the exchanges about its 25th AGM to be held on Friday, August 22, 2025 at 11:00 AM via video conferencing. Shareholders will vote on adopting audited FY25 standalone and consolidated financial statements, declaring a dividend of Rs.4 per equity share (face value Rs.10, i.e. 40%) for FY25, and re-appointing Mr. C. Thangaraju as a Non-Executive Director who retires by rotation. M/s. G. Ramachandran & Associates has been proposed as the new Secretarial Auditor for a five-year term from FY 2025-26 to FY 2029-30. The company is also seeking approval to raise up to Rs.1,500 crore via Non-Convertible Debentures and Rs.1,000 crore via Commercial Paper on a private placement basis. Additionally, shareholder approval is sought for material related party transactions with promoter Repco Bank up to a Rs.1,300 crore aggregate limit, and for an 8% hike in the MD & CEO's fixed pay ceiling from Rs.50 lakh to Rs.54 lakh per annum.
The Rs.4 per share dividend offers a decent payout for income-focused investors, with the record date set as August 15, 2025 and payment by September 21, 2025. The large borrowing plan (Rs.2,500 crore combined NCD and CP limit) signals continued asset growth and funding needs for the housing finance business, while the related party limit with promoter Repco Bank is a routine compliance item.