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.

Ind Bank Housing Ltd has submitted its quarterly compliance certificate to BSE Ltd for the quarter ended 31st March 2026. The certificate, filed under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, demonstrates the company's adherence to regulatory requirements for securities dematerialization processes.

Regulatory Compliance Filing

The certificate was submitted by Company Secretary and Compliance Officer K. Aarthi on 7th April 2026. The filing includes confirmation from the company's Registrar and Transfer Agent (RTA), Cameo Corporate Services Limited, regarding proper handling of dematerialized securities during the quarter.

RTA Certification Details

Cameo Corporate Services Limited, serving as the RTA for Ind Bank Housing Ltd, issued the certificate dated 1st April 2026. The certification covers several key compliance aspects:

Dematerialization Process Confirmation

The RTA confirmed that all securities received from depository participants for dematerialization during Q4 FY26 were properly processed. The certificate states that securities were confirmed to the depositories and that all securities comprised in the certificates have been listed on stock exchanges where the company's earlier issued securities are listed.

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 600035. The company maintains its listing on BSE Ltd under scrip code 523465/INDBNK. The filing demonstrates the company's commitment to maintaining regulatory compliance and transparent reporting practices as required under SEBI regulations.