Sahara Housing Fina Corporation has scheduled its 35th Annual General Meeting for Monday, September 28, 2026. The event will be conducted via video conference to adopt the audited financial statements for the fiscal year ended March 31, 2026.

The meeting agenda includes the reappointment of Awdhesh Kumar Srivastava as a director. He retires by rotation at this meeting and is eligible for reappointment. The notice was issued in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Logistics and Voting

The company will conduct the AGM through Video Conferencing or Other Audio-Visual Means (VC/OAVM) pursuant to Ministry of Corporate Affairs circulars. Physical attendance is dispensed with, and the appointment of proxies is not permitted.

Shareholders can participate and vote using the MUFG Intime India Private Limited platform. The remote e-voting window opens on Friday, September 25, 2026, at 9:00 am and closes on Sunday, September 27, 2026, at 5:00 pm. The record date for determining voting eligibility is Monday, September 21, 2026.

Key Dates and Details

The Register of Members and Share Transfer Books will remain closed from Tuesday, September 22, 2026, to Monday, September 28, 2026, inclusive. Shri P V Subramanian has been appointed as the scrutinizer to oversee the voting process. Results will be announced within 48 hours of the meeting's conclusion.

Shareholder Communication and KYC Update

In compliance with Regulation 36(1)(b) of the SEBI Listing Regulations, 2015, the company has issued letters to shareholders who have not registered email addresses with the company or depository participants. These letters provide web links to access the Notice convening the 35th AGM and the Annual Report for FY26 on the company’s website.

The company has reminded shareholders to update their KYC details pursuant to SEBI Master Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated May 7, 2024. This includes recording PAN, address, mobile number, bank account details, specimen signature, and nomination choices for those holding securities in physical mode. While updating email IDs is optional, shareholders are encouraged to register them to avail online services.

Security holders holding in physical mode without updated PAN, nomination, contact details, bank account details, or specimen signatures will only be eligible for payments, including dividends, through electronic mode effective from April 1, 2024. Shareholders are advised to raise queries via the company’s website or designated helpdesk number.

Sahara Housing Fina Corporation reported a 47% decline in net profit for the financial year ended March 31, 2026, driven by lower interest income and rising non-performing assets.

The Kolkata-based housing finance company posted a profit after tax (PAT) of ₹34.39 lakh for FY26, down from ₹64.84 lakh in the previous year. Gross income contracted to ₹716.83 lakh from ₹862.84 lakh, reflecting a slowdown in loan disbursements and overall portfolio growth.

Financial Performance

The company’s total assets under management (AUM) stood at ₹6,139.68 lakh as of March 31, 2026, a decrease from ₹6,808.82 lakh a year earlier. Loan disbursements during the year were ₹732.97 lakh, compared to ₹979.51 lakh in FY25.

Interest income from housing and other loans dropped to ₹642.69 lakh from ₹753.15 lakh. Finance costs also decreased significantly to ₹162.10 lakh from ₹266.83 lakh, primarily due to the partial redemption of secured non-convertible debentures (NCDs).

Asset Quality and Capital

Gross non-performing assets (GNPA) on the housing loan portfolio rose to ₹542.24 lakh from ₹520.90 lakh. The company’s capital adequacy ratio (CAR) improved to 136.01%, well above the regulatory minimum of 15%, up from 127.87% in FY25.

What the Numbers Show

The divergence between declining gross income and rising asset quality concerns highlights operational pressure. While finance costs fell sharply due to debt reduction, the inability to offset this with new loan growth resulted in compressed margins. The spread on loans over cost of borrowings expanded to 6.54% from 5.79%, yet absolute profitability declined due to the shrinking asset base.

Governance and Compliance

The Board of Directors decided against declaring a dividend for FY26, opting to retain earnings to plough back into the lending business. The company received a penalty of ₹50,000 from the Reserve Bank of India for non-compliance with Know Your Customer (KYC) directions regarding the upload of loan account details to the Central KYC Records Registry.

The 35th Annual General Meeting is scheduled for September 28, 2026, via video conference. Shri Awdhesh Kumar Srivastava retires by rotation and is eligible for reappointment.