Sahara Housing Fina Corporation intimated the demise of its Chief Executive Officer, Company Secretary and Compliance Officer, Dhrubajyoti Bagchi, on September 3, 2026.

The company filed the disclosure with the Bombay Stock Exchange under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also referenced SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, regarding the disclosure of material events by listed entities.

Leadership Transition

In compliance with Regulation 6(1) of the SEBI LODR Regulations, Sahara Housing Fina is undertaking the process to identify and appoint suitable individuals to fill the vacant positions. The final appointments require Board approval and will be intimated to the stock exchange within prescribed regulatory timelines.

The Board of Directors and employees expressed their condolences, acknowledging Bagchi’s contributions during his tenure.

Disclosure Details

Sadhan Sarkar, Director (DIN: 10519231), signed the disclosure on behalf of the company.

Sahara Housing Fina Corporation reported a net profit of ₹16.60 lakh for the quarter ended June 30, 2026 (Q1FY27), marking a 22% decline from the ₹21.26 lakh profit recorded in the corresponding quarter of the previous year. The contraction in profitability was driven by a decrease in interest income, which fell to ₹164.75 lakh from ₹174.05 lakh year-on-year. Despite the top-line pressure, the company managed to reduce total expenses to ₹148.49 lakh from ₹150.17 lakh, primarily due to lower finance costs and an impairment reversal.

The Board of Directors, chaired by Sadhan Sarkar, approved the unaudited standalone financial results on August 12, 2026, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by B.M. Chaturvedi & Co., the independent auditor, who issued a limited review report stating that nothing came to their attention to suggest material misstatement. The financials were prepared in accordance with Ind AS 34 and other generally accepted accounting principles in India.

Financial Performance Overview

Total income stood at ₹165.96 lakh, down from ₹175.14 lakh in Q1FY26. Interest income, the primary revenue driver, decreased significantly. Other operating revenue also saw a marginal decline. However, the impact of lower revenue was partially offset by substantial savings in expenses, particularly in finance costs which dropped to ₹27.53 lakh from ₹40.34 lakh.

Employee benefit expenses remained relatively stable at ₹69.79 lakh, slightly down from ₹71.31 lakh. Depreciation and amortization increased to ₹10.26 lakh from ₹9.34 lakh. Other expenses rose marginally to ₹46.02 lakh from ₹45.19 lakh.

What the Numbers Show

The divergence between revenue decline and expense reduction highlights a shift in the company’s cost dynamics. While top-line pressure persisted with interest income falling nearly 5%, the 32% drop in finance costs suggests improved debt management or refinancing benefits. Additionally, the company recorded an impairment reversal of ₹5.11 lakh, compared to a provision of ₹16.01 lakh in Q1FY26, indicating potential recoveries in previously stressed assets. However, these operational efficiencies were insufficient to fully offset the revenue loss, resulting in a 22% decline in net profit. The basic earnings per share (EPS) also fell to ₹0.24 from ₹0.30 in the previous year's quarter.