India Home Loans executed a restructuring agreement with IDFC FIRST Bank on June 30, 2026, to realign its debt servicing obligations with projected cash flows and strengthen its liquidity position. The agreement covers the company's existing subordinated unsecured term loan facility, revising the repayment schedule, tenure, and interest rate.

The restructuring addresses outstanding dues totaling ₹17,55,38,570, comprising a principal amount of ₹14,64,83,129 and accrued interest of ₹2,90,55,441. Under the new terms, the restructured amount will be repaid over 84 equal monthly instalments, inclusive of interest, as per the amortisation schedule specified in the agreement.

Key Terms of the Restructuring

The following table outlines the principal terms agreed upon under the restructuring arrangement:

Interest on the restructured amount will accrue at 12% per annum. However, the agreement includes a provision to reduce the interest rate to 11% per annum if the company pays the first 12 instalments on or before their respective due dates. In the event of any default thereafter, the interest rate will automatically revert to 12% per annum. The agreement also stipulates that penal interest accrued up to the date of restructuring has been waived, while any future delay or default in payment will attract penal interest at 2% per annum on the overdue amount.

Covenant Compliance and Security Obligations

As part of the covenant compliance, India Home Loans has agreed to route cash flows through transaction banking accounts maintained with IDFC FIRST Bank. The company is also required to provide quarterly details of assets held for sale and create an exclusive charge over eligible book debts and current assets to maintain the stipulated security cover. Additionally, a personal guarantee from Mr. Mahesh Pujara has been furnished among other obligations. The transaction does not fall within the ambit of a related party transaction, and there is no change in the shareholding pattern of the entities due to this restructuring.

India Home Loan Limited reported a net profit of ₹0.39 lakh for the quarter ended March 31, 2026, compared to ₹0.86 lakh in the preceding quarter. Total income from operations for the quarter stood at ₹371.23 lakh, a slight decrease from ₹374.03 lakh in the same period last year. For the full financial year, the company recorded a net profit of ₹9.64 lakh on a total income of ₹1,481.23 lakh.

Financial Performance

The company’s financial results for the quarter and year ended March 31, 2026, were filed with the stock exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The net profit before tax for the quarter was ₹3.38 lakh, while the total comprehensive income for the period was ₹1.78 lakh.

Operational Details

The equity share capital remained constant at ₹1,428.18 lakh during the reported periods. Earnings per share (EPS) for the quarter ended March 31, 2026, was reported at ₹0.003 on a basic and diluted basis. The full format of the financial results is available on the BSE website and the company’s official website.