PNB Housing Finance Limited has submitted its quarterly regulatory certificate confirming the complete dematerialization status of its shares for the quarter ended March 31, 2026. The filing, made under SEBI Regulation 74(5), demonstrates the company's full compliance with digital share holding requirements.

Complete Dematerialization Status

The company's registrar and share transfer agent, MUFG Intime India Private Limited (formerly Link Intime India Private Limited), confirmed that SEBI Regulation 74(5) is not applicable to PNB Housing Finance. This exemption stems from the fact that the entire shareholding of the company exists in dematerialized form.

Regulatory Framework

SEBI Regulation 74(5) of the Depositories and Participants Regulations, 2018, requires companies to file quarterly certificates regarding share dematerialization status. The regulation aims to monitor and ensure the smooth functioning of the depository system and track any movements between physical and electronic form of securities.

Shareholder Preferences

The absence of any rematerialization requests during the quarter indicates that shareholders continue to prefer holding their investments in electronic form. This trend aligns with the broader market movement towards digital securities holding, which offers benefits including faster settlement, reduced paperwork, and enhanced security.

Administrative Details

The certificate was signed by Veena G Kamath, Company Secretary of PNB Housing Finance Limited, on April 08, 2026. MUFG Intime India Private Limited, serving as the registrar and share transfer agent, provided the confirmation through Sr. Vice President Ashok Shetty on April 4, 2026.

The filing demonstrates PNB Housing Finance's continued adherence to regulatory requirements and the complete digitization of its shareholding structure, reflecting modern investment practices and regulatory compliance.

PNB Housing Finance Limited has received a communication from the National Housing Bank (NHB) regarding asset classification and provisioning divergence pertaining to the financial year ended March 31, 2023. The company disclosed this information to stock exchanges on April 02, 2026, under Regulation 30 of SEBI (LODR) Regulations, 2015.

Asset Classification Divergence Details

The NHB communication advised the company to disclose divergence in asset classification and provisioning in terms of Para 5.1A of Annex IV of the Master Direction NBFC-HFC (Reserve Bank), Direction 2021. The disclosure reveals a significant variance between the company's reported figures and NHB's assessment.

Background of the Divergence

The additional NPA classification stems from restructuring activities carried out by the company in FY2022-23 that were deemed non-compliant with Para 8.3.2 (b) NBFC-HFC (Reserve Bank), Directions, 2021. The divergence specifically relates to two corporate/project finance loan accounts where the company had reduced interest rates as a commercial decision due to competitive reasons.

Both loan accounts had been previously resolved/restructured in FY2021-22 and classified as standard as per regulatory guidelines. At the time of interest rate reduction during FY2022-23, both loans were regular and not in default.

Current Status of Affected Loans

The company provided an update on the current status of the two loan accounts involved in the divergence:

• First loan account: Rs.598.39 crore - now completely closed
• Second loan account: Outstanding reduced from Rs.335.19 crore to Rs.67.39 crore as on date, with the account remaining regular throughout its tenure post interest rate reduction

Financial Impact and Compliance

PNB Housing Finance emphasized that there is no financial impact on the company as of the current date. Consequently, the threshold prescribed under Regulation 30 of SEBI (LODR) Regulation, 2015 is not applicable. The company stated that this disclosure is being made as a good governance practice.

The company confirmed it will make necessary disclosures in the balance sheet for FY2025-26 as advised by the NHB. The disclosure has also been made available on the company's website at www.pnbhousing.com .