Repco Home Finance Limited shareholders approved a significant expansion in debt-raising capabilities at the 26th Annual General Meeting held on September 29, 2026. The members authorized an enhancement of the borrowing limit under Section 180(1)(c) of the Companies Act, 2013, from ₹15,000 crore to ₹20,000 crore.

This increase in the overall borrowing ceiling complements specific authorizations for market instruments. The meeting also approved the issuance of Non-Convertible Debentures (NCDs) up to ₹1,500 crore and Commercial Papers (CPs) up to ₹1,000 crore on a private placement basis. These issuances are in terms of Sections 42 and 71 of the Companies Act, 2013, read with applicable rules and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The move aligns with the company's strategy to strengthen its funding base as it navigates regulatory requirements for housing finance companies.

Governance and leadership updates

The board composition saw significant changes with the appointment of new directors. Mrs. Aparna Sudip Kumar was appointed as a Non-Executive and Independent Director for a period of two consecutive years from August 11, 2026, to August 10, 2028. She holds a Bachelor of Science in Electronics and a Post Graduate Programme for Senior Executives from the Indian School of Business, with over 30 years of experience in Information Technology and leadership roles in multinational IT consulting and banking sectors.

Additionally, Mr. Bakthavatsalu Kannan was appointed as Whole-time Director, classified as Key Managerial Personnel and Senior Management. His appointment is for two consecutive years effective from August 24, 2026, or co-terminus with his deputation from Repco Bank, the promoter of the company. Mr. Kannan serves as General Manager of Repco Bank and holds over 31 years of experience in the banking sector.

The meeting also approved a revision in the remuneration payable to Managing Director & CEO Mr. Thangappan Karunakaran. The existing promoter relationship with Repco Bank was reaffirmed through the approval of related party transactions.

Auditor appointment details

The members approved the appointment of M/s. Rajagopal & Badri Narayanan, Chartered Accountants (Firm Registration No. 003024S), as Joint Statutory Auditor. The firm will hold office for three consecutive years, from the conclusion of the 26th AGM until the conclusion of the 29th AGM.

The necessity for a joint audit arises from RBI Guidelines on the Appointment of Statutory Central Auditors/Statutory Auditors of Commercial Banks and NBFCs (including HFCs). These guidelines require NBFCs with an asset size of ₹15,000 crore or more as at the end of the previous financial year to conduct their statutory audit through a minimum of two audit firms. Repco Home Finance's asset size exceeded this threshold as at March 31, 2026.

M/s. Rajagopal & Badri Narayanan was established in 1981 and has approximately 35 years of audit experience. The firm currently has six full-time partners and specializes in internal and operational audits, taxation, business valuations, and financial compliance matters.

Key resolutions passed

The agenda included both ordinary and special business items. The special resolutions focused on financial limits and governance changes, while ordinary resolutions addressed routine corporate matters such as the adoption of accounts and dividend declaration.

Meeting proceedings and attendance

The AGM commenced at 11:30 am and concluded at 12:33 pm. A total of 52 members attended the meeting through video conferencing. The quorum requirements were met, and all resolutions were put to vote through electronic voting facilities provided by KFin Technologies Limited.

The Chairman, Mr. C. Thangaraju, presided over the meeting. He noted that there were no qualifications, comments, or observations in the Auditors' Report regarding the financial statements for FY26. Eight members had registered as speakers to address the shareholders during the Q&A session.

Repco Home Finance Limited declared a final dividend of ₹3 per equity share for the financial year ended March 31, 2026. The declaration was approved by shareholders at the company's 26th Annual General Meeting (AGM).

The dividend is based on the face value of ₹10 per share, representing a 30% return on par value. This payout marks the final distribution for FY26 following the conclusion of the fiscal year.

AGM details and approval

The Annual General Meeting was held on September 29, 2026, at 11:30 am via Video Conference and Other Audio Visual Means (OAVM). The decision to declare the dividend was taken by the members of the company during this meeting.

Regulatory compliance

The intimation regarding the dividend declaration was made pursuant to Regulation 30 and Regulation 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was uploaded to the company's official website for public access.