India Shelter Finance to issue ₹100 crore NCDs at 8.10%

India Shelter Finance Corporation Limited has approved the issuance of secured, rated, listed, redeemable, non-convertible debentures (NCDs) aggregating ₹100 crore through private placement. The company's Asset Liability Management Committee sanctioned the fund-raising proposal on July 20, 2026, to bolster its capital structure.

The total issue size comprises a base issue of ₹75 crore and a green shoe option of ₹25 crore. The debentures will be denominated in Indian Rupees and are transferable in nature. The issuance will consist of 10,000 NCDs, each with a face value of ₹1,00,000.

The instruments offer a fixed coupon rate of 8.10% per annum, with interest and principal payable quarterly. The tenure of the NCDs is set at 60 months from the deemed date of allotment. These debentures will be secured by a first and exclusive hypothecation charge on standard receivables, maintaining a minimum asset cover of 1.10 times.

The disclosure was submitted to BSE Limited and National Stock Exchange of India Limited under Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's scrip code on BSE is 544044, and the NSE symbol is INDIASHLTR.

Key Details of the Proposed Issue

Feature	Details
Instrument	Secured, Rated, Listed, Redeemable, Non-Convertible Debentures
Basis	Private Placement
Total Issue Size	₹100 crore
Base Issue Size	₹75 crore
Green Shoe Option	₹25 crore
Coupon Rate	8.10% p.a. (fixed)
Tenure	60 months
Security	First and exclusive hypothecation charge on standard receivables
Asset Cover	Minimum 1.10 times

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE922K01024/1d66fa6ade7248f3.pdf

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.03%	-11.19%	-6.25%	-6.79%	-24.57%	+32.90%

India Shelter Finance Corporation declared a final dividend of ₹10 per equity share for the financial year ended March 31, 2026, at its 28th Annual General Meeting held on July 16, 2026. The dividend, approved by shareholders, applies to shares with a face value of ₹5 each. This resolution was part of the ordinary business conducted during the meeting, which was held via video conferencing.

The meeting saw the adoption of the audited standalone and consolidated financial statements for FY26, along with the Board of Directors' Report and Auditors' Report. Additionally, shareholders voted to re-appoint Mr. Sumir Chadha (DIN: 00040789), who retires by rotation and was eligible for re-appointment. All three resolutions were passed with the requisite majority.

Voting Results

The voting process was scrutinized by Mr. Jigarkumar Gandhi, Practicing Company Secretary and Partner of JNG & Co. LLP. The remote e-voting facility was provided by KFin Technologies Limited. A total of 56,611 shareholders were on record as of July 9, 2026, with 100 public shareholders attending via video conferencing.

The resolutions received strong support, though the re-appointment of Mr. Sumir Chadha saw some opposition from public institutional shareholders.

Resolution	Votes For	Votes Against	% For	% Against
Financial Statements Adoption	92,455,404	2	100.00	0.00
Re-appointment of Mr. Sumir Chadha	91,348,983	1,145,735	98.76	1.24
Final Dividend of ₹10 per share	92,494,643	75	99.99	0.00

Procedural Details

The AGM commenced at 11:00 AM and concluded at 12:00 Noon on July 16, 2026. The scrutinizer's report confirmed that the electronic voting data was unblocked and downloaded in the presence of two independent witnesses, Ms. Riya Shah and Ms. Darshana Narsana. The voting results and scrutinizer's report have been uploaded to the company's website.