Home First Finance accepts CFO Nutan Gaba Patwari resignation

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Reviewed by
Shriram SScanX News Team
Key Highlights
  • Home First Finance accepts CFO Nutan Gaba Patwari resignation effective August 31, 2026
  • She ceases to be Key Managerial Personnel and Senior Management Personnel
  • Disclosure made under Regulation 30 of SEBI LODR Regulations, 2015
  • Prior intimation regarding resignation was issued on June 25, 2026
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Home First Finance Company accepted the resignation of Nutan Gaba Patwari as Chief Financial Officer effective August 31, 2026. The company disclosed that she has vacated her office and ceased to be a Key Managerial Personnel and Senior Management Personnel.

The lender informed the stock exchanges via a filing under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The intimation references a prior notice dated June 25, 2026, regarding her decision to pursue the next phase of her professional journey.

Regulatory Compliance

Ms. Patwari ceased to hold the roles of CFO, KMP, and SMP with effect from the close of business hours on August 31, 2026. This includes her authorization for determining materiality and making disclosures to the stock exchanges.

Shreyans Bachhawat, Company Secretary and Compliance Officer, signed the disclosure.

Historical Stock Returns for Home First Finance Company

1 Day5 Days1 Month6 Months1 Year5 Years
-2.80%-2.43%-1.38%+7.53%-6.31%0.0%

Has Home First Finance Company announced a successor or interim CFO to ensure continuity in financial oversight?

How might this leadership change impact the company's upcoming quarterly earnings reports and investor confidence?

Are there any pending regulatory audits or strategic financial initiatives that could be affected by this transition?

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Home First Finance completes ₹150 cr NCD allotment to Kotak Mahindra Bank

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Reviewed by
Jubin VScanX News Team
Key Highlights
  • Home First Finance allotted ₹150 crore in senior secured NCDs to Kotak Mahindra Bank Ltd
  • The issuance was approved by the Committee of Directors on August 28, 2026
  • Debentures carry a floating coupon rate of 7.55% per annum as on the date of allotment
  • The instruments mature on August 22, 2031, following a tenure of 59 months and 25 days
  • Security is provided via a first-ranking charge over receivables and identified cash equivalents
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Home First Finance Company has completed the allotment of ₹150 crore worth of senior secured non-convertible debentures (NCDs) through a private placement. The Committee of Directors approved the allotment on August 28, 2026, with Kotak Mahindra Bank Ltd as the sole investor.

The company notified both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This follows an earlier Board authorization for the issuance on May 6, 2026, and final approval from the Committee of Directors and Review Committee on August 21, 2026.

Allotment details

The key parameters of the completed NCD issuance are outlined below:

Parameter Details
Aggregate amount ₹150 crore
Number of debentures 15,000
Face value ₹1,00,000 per debenture
Instrument type Senior, secured, rated, listed, taxable, redeemable, transferable NCDs
Issuance mode Private placement
Investor Kotak Mahindra Bank Ltd
Listing venue BSE Wholesale Debt Market Segment
Tenure 59 months and 25 days from deemed date of allotment
Allotment date August 28, 2026
Maturity date August 22, 2031
Interest rate FBIL 3M MIBOR-OIS plus spread (7.55% p.a. as on allotment)
Interest payment frequency Quarterly

Security and default terms

The debentures are secured by a first-ranking pari passu continuing charge over the company’s receivables, including identified cash and cash equivalents. This security interest must maintain a value at least 1.11 times the outstanding amounts.

In the event of a payment default exceeding three months, the company is required to pay additional interest at 2% per annum over the prevailing interest rate until the default is cured or obligations are repaid.

Regulatory framework

Home First Finance Company India Limited complied with Section 42 and Section 71 of the Companies Act, 2013, as well as the SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021. Shreyans Bachhawat, Company Secretary and Compliance Officer, signed the intimation letter dated August 28, 2026.

Historical Stock Returns for Home First Finance Company

1 Day5 Days1 Month6 Months1 Year5 Years
-2.80%-2.43%-1.38%+7.53%-6.31%0.0%

How will the ₹150 crore infusion from Kotak Mahindra Bank impact Home First Finance's liquidity position and ability to scale its housing finance portfolio in the coming fiscal year?

Given the floating interest rate structure linked to MIBOR-OIS, what is the company's exposure to rising interest rate environments over the 59-month tenure, and how might this affect its net interest margins?

What strategic rationale does Home First Finance have for securing a sole-investor private placement with Kotak Mahindra Bank rather than pursuing a broader public issuance or diversifying its debt investor base?

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1 Year Returns:-6.31%