Sahara Housingfina Corporation Limited reported outstanding unlisted secured non-convertible debentures (NCDs) of ₹12 crore for the quarter ended September 30, 2026. This balance reflects the completion of scheduled partial redemptions from an earlier private placement.

The company disclosed this information to the Bombay Stock Exchange pursuant to Regulation 57(5) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing confirms that no fresh non-convertible securities were issued subsequent to the original placement until this reporting period.

Redemption Schedule and Outstanding Balance

The outstanding debt stems from a private placement made on March 31, 2017. The company issued 30 units of unlisted secured NCDs at ₹1 crore each, aggregating ₹30 crore. The current reduction in liability is attributed to two tranches of partial redemption executed in fiscal year 2025 and fiscal year 2026.

Repayment History and Interest Compliance

Sahara Housingfina stated that it has regularly paid interest at a rate of 7% p.a. within due dates since the inception of the issue. The interest payment deadline is set for March 31 annually. These payments have been reported to the debenture trustee, Catalyst Trusteeship Limited, Pune.

The principal repayment schedule followed the terms outlined in the Information Memorandum (IM). The company redeemed 30% of the principal (₹9 crore) on March 31, 2025, and another 30% (₹9 crore) on March 31, 2026. This cumulative redemption of ₹18 crore reduced the total outstanding from ₹30 crore to ₹12 crore.

What the Numbers Show

The data reveals a consistent amortization pattern aligned with the initial tenor structure. By March 2026, the company had retired 60% of the principal amount over two years, leaving 40% of the original issue value outstanding. The strict adherence to the 7% coupon rate and timely interest payments suggests stable cash flow management specifically dedicated to servicing this private debt instrument, despite the lack of new capital raising activity in the interim period.

Sahara Housingfina Corporation Limited held its 35th Annual General Meeting on September 28, 2026, via video conferencing. Shareholders approved all proposed resolutions, including the adoption of audited financial statements for FY26 and the re-appointment of a director retiring by rotation.

The meeting commenced at 11:30 am and concluded at 12:36 pm. Voting results were disseminated to stock exchanges and made available on the company's website within 24 hours of the conclusion. The proceedings were conducted in compliance with SEBI Listing Regulations and the Companies Act, 2013.

Key resolutions passed

Two ordinary resolutions were transacted during the meeting. The first involved receiving, considering, and adopting the audited financial statements for the financial year ended March 31, 2026, along with the reports of the Board of Directors and auditors. The second resolution concerned the re-appointment of Awdhesh Kumar Srivastava as a director, who retired by rotation and was eligible for re-appointment.

Meeting proceedings and attendance

The meeting was chaired by Sadhan Sarkar, Director, while Vivek Kapoor, CFO, conducted the proceedings. The panel included directors A K Srivastava and Sudha Sarowgi, along with statutory auditor Anmol Sonawane. Madhukar was unable to attend due to medical grounds. P V Subramanian served as the Secretarial Auditor and Scrutinizer for remote e-voting.

The notice convening the AGM, dated August 12, 2026, specified that all items would be transacted through remote e-voting. Following the reading of resolutions, members who had not voted remotely were invited to participate in insta-voting, which remained open for 30 minutes after the formal conclusion of the meeting.

Voting outcomes

The voting results indicated strong shareholder support for both resolutions. Promoter and promoter group entities voted unanimously in favor, while public non-institutional shareholders showed minimal dissent.

What the numbers show

The voting data reveals a significant concentration of power in the hands of the promoter group. Out of a total shareholding of 70,00,000 shares, the promoter and promoter group held 49,94,587 shares, representing approximately 71.35% of the total equity. This holding alone ensured the passage of both ordinary resolutions, as it exceeded the simple majority threshold required.

Public non-institutional shareholders held 20,05,413 shares but polled only 5,341 votes, indicating a very low participation rate among retail investors relative to their holding. The 85 dissenting votes came entirely from this public non-institutional category, highlighting that institutional investors did not participate in the voting process for these routine matters.