Ind Bank Housing Limited has announced the resignation of Shri A. Sivasankar from the Board of Directors. The resignation, which takes effect from the closure of business hours on 30th April 2026, follows his superannuation from the services of HUDCO. The company communicated this development to the stock exchanges in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shri A. Sivasankar served as Nominee Non Executive Director on the Board of Ind Bank Housing . His resignation letter, dated 29th April 2026, was formally received by the Board of Directors on the same day. The resignation was submitted consequent upon his superannuation from HUDCO, where he held the position of Regional Chief.

Key Details of the Resignation

The company has provided the following information regarding the director's resignation:

The disclosure was made in accordance with Regulation 30 read with Clause 7B of Para A of Part A of Schedule III of the SEBI (LODR) Regulations, 2015 and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July 2023. The company has enclosed the resignation letter as Annexure B to its communication to the stock exchanges.

Shri A. Sivasankar expressed his gratitude to the Board of Directors for the cooperation and support extended to him during his tenure as Director of the company. His resignation marks the end of his association with Ind Bank Housing Limited as a nominee director representing HUDCO.

Ind Bank Housing Limited published its audited financial results for the year ended March 31, 2026, through newspaper advertisements on April 14, 2026, following the board meeting held on April 13, 2026. The company reported a net loss of ₹8.83 lakhs despite significant revenue improvement and simultaneously approved the appointment of new internal auditors for enhanced governance.

Published Financial Results Overview

The company's audited financial results were published in Business Standard (English) and Makkal Kural (Tamil) newspapers, fulfilling regulatory disclosure requirements under SEBI regulations.

Board Meeting Outcomes and Compliance

The Board of Directors meeting concluded with key approvals including financial results ratification and strategic appointments for enhanced governance framework.

Internal Auditor Appointment Details

The board approved the appointment of M/s. T R Chandrasekaran & Associates as Internal Auditor to strengthen internal control systems and ensure regulatory compliance.

Corporate Governance and Regulatory Compliance

The statutory auditors M/s A R Krishnan & Associates provided an unmodified opinion for FY26. The formal notifications were issued by K. Aarthi, Company Secretary & Compliance Officer, and digitally signed on April 15, 2026. The company maintains its registered and corporate office at Khivraj Complex I, 480, Anna Salai, III Floor, Nandanam, Chennai 600 035, operating under CIN L65922TN1991PLC020219. The published results demonstrate the company's commitment to maintaining transparency and regulatory compliance through proper disclosure mechanisms.