Sahara Housing Fina Corporation Limited has scheduled its 35th Annual General Meeting (AGM) for Monday, September 28, 2026, to be held exclusively through Video Conferencing or Other Audio Visual Means (VC/OAVM). The meeting is set to begin at 11:30 a.m. IST, with the company’s registered office serving as the deemed venue. This virtual format aligns with ongoing regulatory guidance from the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI) regarding corporate governance practices.

The Board of Directors fixed these dates during a meeting held on Wednesday, August 12, 2026. To determine eligibility for voting, the company has established Monday, September 21, 2026, as the cut-off date. Members holding shares on this date will be entitled to vote via remote e-voting or e-voting during the AGM proceedings. This timeline ensures that shareholders have sufficient notice before the register closes.

Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Register of Members and Share Transfer Books will remain closed from Tuesday, September 22, 2026, to Monday, September 28, 2026, inclusive. This book closure period prevents changes in shareholding during the critical window leading up to the general meeting, ensuring a stable list of eligible voters.

The intimation was communicated to the Bombay Stock Exchange Ltd by Sadhan Sarkar, Director, bearing DIN 10519231. The notification confirms that no physical presence of members is required at any venue, reinforcing the fully digital nature of the event. Shareholders are advised to ensure their demat accounts reflect holdings as of the cut-off date to participate effectively.

Key Dates and Details

Regulatory Compliance

The scheduling adheres to SEBI Listing Obligations and Disclosure Requirements Regulation 42, which mandates specific procedures for AGMs conducted via VC/OAVM. The company’s registered office at 46, Dr. Sundari Mohan Avenue, Kolkata, serves as the legal venue for record-keeping purposes, even though participation is remote. Investors should monitor the company website and exchange filings for further updates regarding agenda items and proxy forms.

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 revenue from operations stood at ₹165.48 lakh, down from ₹174.85 lakh in Q1FY26. Interest income, the primary revenue driver, decreased significantly. Other operating revenue also saw a marginal decline to ₹0.73 lakh from ₹0.80 lakh. 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.