Ind Bank Housing Ltd has announced receipt of a significant income tax refund following a favourable court order. The company disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, highlighting the positive financial impact on its operations.

Income Tax Refund Details

The company received a Giving Effect Order under Section 260A of the Income Tax Act, 1961 for Assessment Year 1999-2000. This order stems from an appellate decision passed by the Hon'ble High Court of Madras in Tax Case Appeal No. 1822 of 2008 dated 29th November 2021.

The refund amount of Rs 8.79 crore includes applicable interest on delayed refund, providing additional financial benefit to the company beyond the principal amount.

Regulatory Compliance and Disclosure

Ind Bank Housing Ltd communicated this development to BSE Ltd through a formal letter dated 18th March 2026. The disclosure was made pursuant to regulatory requirements under SEBI regulations, ensuring transparency with stakeholders and the market.

The company provided comprehensive details as required under SEBI Circular guidelines, including:

• Nature of the authority and order received
• Specific details of the refund amount and legal framework
• Date of receipt of the direction from tax authorities
• Expected impact on company operations and finances

Financial Impact and Business Implications

The company has indicated that it is in the process of taking necessary steps for receipt of the refund. This development is expected to have several positive implications for Ind Bank Housing Ltd's financial position.

The refund will result in a corresponding increase in cash flows and improvement in the company's liquidity position. The accounting impact will be recognized in the financial statements in accordance with applicable accounting standards, ensuring proper reflection of this financial benefit.

Corporate Communication

The disclosure was signed by K. Aarthi, Company Secretary and Compliance Officer, demonstrating proper corporate governance procedures. The company's registered and corporate office is located at Khivraj Complex I, 480, Anna Salai, III Floor, Nandanam, Chennai 600 035.

Ind Bank Housing Ltd, a subsidiary of Indian Bank, has announced its unaudited financial results for the quarter ended December 31, 2025, demonstrating a notable recovery in its quarterly performance. The Chennai-based housing finance company reported a net profit of ₹6.33 lakhs for Q3FY26, marking a significant turnaround from the net loss of ₹5.16 lakhs recorded in the corresponding quarter of the previous year.

Financial Performance Overview

The company's quarterly results show substantial improvement across key metrics. Total income for the quarter reached ₹17.46 lakhs, representing a remarkable increase from ₹6.76 lakhs in Q3FY25. This growth in revenue contributed to the company's ability to achieve profitability during the quarter.

Nine-Month Performance Analysis

While the quarterly results show improvement, the nine-month period ending December 31, 2025, presents a different picture. The company reported a net loss of ₹7.07 lakhs for the nine-month period, with total income of ₹29.56 lakhs. The earnings per share for the nine-month period stood at negative ₹0.07 for both basic and diluted calculations.

Capital Structure and Reserves

The company maintains a stable equity share capital of ₹1,000.00 lakhs, unchanged from the previous year. However, the reserves position shows a significant deficit of ₹13,056.72 lakhs, compared to ₹12,987.66 lakhs in the previous year, indicating an increase in accumulated losses.

Regulatory Compliance

The financial results were prepared in accordance with Regulation 33 of the SEBI (Listing and Other Disclosure Requirements) Regulations, 2015. The company has published the results in Business Standard (English) and Makkal Kural (Tamil) newspapers on January 14, 2026, fulfilling its disclosure obligations to stakeholders.

Company Background

Ind Bank Housing Ltd operates as a subsidiary of Indian Bank and is engaged in housing finance business. The company is headquartered in Chennai with its registered office at Khivraj Complex I, Anna Salai, Nandanam. Despite facing challenges reflected in its reserve deficit, the quarterly profit indicates potential signs of operational recovery.