Ind Bank Housing holds 35th AGM, adopts FY26 financials
- Ind Bank Housing Ltd held its 35th AGM on September 29, 2026, via video conferencing with 43 members attending.
- Shareholders adopted the audited standalone financial statements for FY26 without any auditor qualifications.
- Sunil Jain was re-appointed as Nominee Director, and R Padma was re-appointed as Independent Director for a second five-year term.
- Remote e-voting was conducted via CDSL between September 26 and September 28, 2026.
*this image is generated using AI for illustrative purposes only.
Ind Bank Housing Ltd held its 35th Annual General Meeting on September 29, 2026, at 11:30 am through video conferencing. The meeting focused on adopting the standalone financial statements for FY26 and addressing key governance matters.
Meeting proceedings and attendance
The meeting was chaired by Shiv Bajrang Singh, Chairman and Non-Executive Nominee Director. A total of 43 members attended the session remotely via the Video Conferencing (VC) and Other Audio-Visual Means (OAVM) facility. The quorum was confirmed by the Company Secretary before proceedings commenced.
Directors present included Sunil Jain, R Murugesan, G R Sundaravadivel, R Padma, V Rajalakshmi, and Managing Director V Hari Babu. Statutory Auditors from A.R Krishnan & Associates and Secretarial Auditors from M/s Shanmugam Rajendran & Associates LLP were also in attendance.
Agenda items transacted
The shareholders considered and adopted the audited standalone financial statements for the financial year ended March 31, 2026, along with the Board of Directors' report and Auditors' reports. Notably, there were no qualifications in either the Independent Auditor's Report or the Secretarial Auditor's Report.
The following resolutions were passed:
- Appointment of a Director in place of Sunil Jain (DIN: 09665264), who retired by rotation and offered himself for re-appointment.
- Authorization for the Board of Directors to fix the remuneration of Statutory Auditors appointed by the Comptroller and Auditor General of India.
- Re-appointment of R Padma (DIN: 09112490) as Independent Director for a second term of five consecutive years.
Voting and compliance
In compliance with Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 108 of the Companies Act, 2013, the company provided a remote e-voting facility. This service was facilitated by Central Depository Services (India) Limited (CDSL).
The e-voting window remained open from September 26, 2026, at 9:00 am to September 28, 2026, at 5:00 pm. Baalasubramaniyan Ne, Partner at M/s GRNK & Associates, served as the scrutinizer to ensure fair and transparent voting procedures.
One member joined the AGM to raise queries, which were addressed by the Chairman. The final voting results will be announced to stock exchanges and published on the company's website.
Historical Stock Returns for Ind Bank Housing
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -6.12% | +0.30% | +1.00% | +23.99% | +29.54% | +32.59% |
How will the clean audit reports for FY26 influence Ind Bank Housing Ltd's credit rating outlook and borrowing costs in the upcoming fiscal year?
What specific strategic initiatives are expected from the re-appointed Independent Director R Padma to enhance governance standards over her next five-year term?
Given the low member attendance of 43, what measures is the company planning to implement to improve shareholder engagement and voting participation in future AGMs?
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