Ind Bank Housing Ltd has submitted its mandatory initial disclosure to BSE, confirming its classification as 'Not a Large Corporate' for the financial year ended March 31, 2026. The disclosure was made in compliance with SEBI Circular no. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023.

Regulatory Compliance Details

The Chennai-based housing finance company filed the disclosure on April 15, 2026, addressing the requirements under SEBI's framework for large corporate identification. The submission was made with reference to both the current SEBI circular and the erstwhile SEBI Circular no. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018.

Financial Position Summary

The company's disclosure reveals its current financial standing as of March 31, 2026:

Corporate Information

Ind Bank Housing Ltd operates from its registered and corporate office located at Khivraj Complex I, 480, Anna Salai, III Floor, Nandanam, Chennai 600 035. The company holds CIN L65922TN1991PLC020219 and trades on BSE under scrip code 523465.

Authorization and Signatures

The disclosure document was duly authorized and signed by key company officials:

• K. Aarthi - Company Secretary and Compliance Officer
• Harene La - Chief Financial Officer

Both officials confirmed the company's compliance with the applicable SEBI framework criteria for large corporate classification. The document was digitally signed by K. Aarthi on April 15, 2026, at 17:43:25 +05'30'.

Regulatory Framework Context

The disclosure requirement stems from SEBI's framework for identifying large corporates, which mandates initial disclosures from entities confirming their classification status. Companies classified as 'Not a Large Corporate' must file these disclosures to maintain regulatory compliance and transparency with stock exchanges and investors.

Ind Bank Housing Ltd has obtained exemption from corporate governance compliance requirements for the quarter ended March 31, 2026, as per SEBI regulations. The company filed a certificate of non-applicability with BSE on April 15, 2026, citing its financial position that qualifies for regulatory relief.

Exemption Criteria and Financial Position

Under Regulation 15(2) of SEBI (Listing Obligation and Disclosure Requirements) Regulation 2015, companies with specific financial characteristics are exempt from corporate governance provisions. The exemption applies to listed entities having paid-up equity share capital not exceeding Rs 10 crore and net worth not exceeding Rs 25 crore as on the last day of the previous financial year.

The company's negative net worth of Rs 120.96 crore, combined with its paid-up capital of exactly Rs 10 crore, places it within the exemption threshold.

Regulatory Provisions Exempted

The exemption covers compliance with multiple SEBI regulations, providing significant regulatory relief to the company. The specific provisions from which Ind Bank Housing Ltd is exempted include:

• Regulations 17, 17A (Board composition and meetings)
• Regulations 18-27 (Various governance requirements)
• Clauses (b) to (i) and (t) of sub-regulation (2) of Regulation 46
• Para-C, D and E of Schedule V

Three-Year Financial Performance Analysis

A certificate from chartered accountants A.R. Krishnan & Associates provides detailed financial data spanning three years, revealing the company's consistent financial challenges.

The data shows that while the company maintained stable paid-up capital and reserves, accumulated losses continued to increase marginally each year, resulting in progressively worsening negative net worth.

Compliance Documentation

The company submitted its certificate of non-applicability to BSE with scrip code 523465/INDBNK on April 15, 2026. Company Secretary and Compliance Officer K. Aarthi signed the submission, which included the chartered accountant's net worth certificate as supporting documentation. The certificate was issued by partner Anandaramakrishnan of A.R. Krishnan & Associates on April 13, 2026, specifically for submission to stock exchanges and statutory authorities.