India Home Loan Limited’s Board of Directors convened on August 12, 2026, to approve the unaudited financial results for the first quarter ended June 30, 2026. Key decisions included the re-appointment of Mr. Mahesh Shah as Non-Executive Independent Director and Mr. Mitesh M. Pujara as Whole-Time Director. Additionally, the board approved the appointment of Mr. Mahesh Pujara as Managing Director for a three-year term, subject to shareholder approval.
Board Meeting Approves Financials and Key Appointments
At a meeting held on August 12, 2026, the Board of Directors of India Home Loan Limited considered and approved several significant items, including the company’s un-audited financial results for the first quarter ended June 30, 2026. The Board also reviewed the Limited Review Report provided by H K Shah & Co., the company’s statutory auditors.
Annual General Meeting and Director Re-appointments
The Board resolved to convene the 36th Annual General Meeting (AGM) of the Company on Friday, September 11, 2026, to be held via Video Conferencing. Furthermore, the re-appointment of Mr. Mahesh Shah (DIN: 07014807) as a Non-Executive Independent Director for a second term of five consecutive years was approved, pending shareholder consent. Similarly, Mr. Mitesh M. Pujara (DIN: 02143047) was re-appointed as Whole-Time Director for a further term of three consecutive years, also subject to shareholder approval.
New Managing Director Appointment
In a significant move for leadership, the Board approved the appointment of Mr. Mahesh Pujara (DIN: 01985578) as the Managing Director of the Company for a period of three consecutive years. The approval of his remuneration is also contingent upon shareholder consent at the upcoming AGM. The details as required under SEBI regulations concerning this appointment have been enclosed as Annexure-A.
Financial Highlights for Q1 FY27
The unaudited financial results for the quarter ended June 30, 2026, showed a Net Profit After Tax of ₹6.21 lakhs. The total comprehensive income for the period stood at ₹6.25 lakhs. The Paid-up Share Capital remained stable at ₹1,428.18 lakhs. Key ratios disclosed include a Debt Equity Ratio of 1.09, Net Profit Margin of 2.51%, and Operating Margin of 1.44%.
Non-Convertible Debentures Update
The company also provided an update on its Non-Convertible Debentures (NCDs). For the quarter ended June 30, 2026, the utilization of NCD proceeds was reported as NIL. The statement also confirmed that there were no deviations or variations in the utilization of funds raised through the private placement of NCDs.
Source: BSE
