SRG Housing Finance Limited has uploaded the full transcript of its investor analyst meet held on September 16, 2026. The disclosure follows the company's earlier release of the audio recording and aims to provide detailed clarity on recent media reports.

The virtual interaction was scheduled at short notice to address clarifications regarding articles published in newspapers. Management confirmed that no unpublished price-sensitive information was shared during the session.

Meeting Details

The company noted that the prescribed advance intimation period of two working days could not be addressed due to the timing and nature of investor requests. The disclosure was made to maintain transparency with the investor community.

Management Participation

Vinod Kumar, Managing Director of SRG Housing Finance, represented the management during the conference call. Valorem Advisors facilitated the event.

Key Clarifications from Transcript

During the call, management addressed specific allegations raised in media reports concerning fund diversion and fictitious loans.

• Denial of Allegations: The company firmly denied claims that ₹400 crore was siphoned off to promoter-related entities. Management stated that every loan involves a verified borrower and property with a complete disbursement trail.
• Loan Book Integrity: SRG Housing Finance highlighted that it has more than 15,000 active loan accounts, all of which have completed field verification and KYC processes. The average ticket size is ₹12 lakh against a loan book of ₹130 crore.
• Regulatory Audit: The National Housing Bank (NHB) audit started in July 2026. Management described the "red flag" classification as part of a routine supervisory process that does not declare fraud. The audit is expected to conclude soon, after which the flag will be removed.
• Liquidity Position: The company maintains a cash buffer equivalent to 2-3 months of repayment obligations. Monthly collections range between ₹8 crore and ₹10 crore, which comfortably cover obligations. No lender has demanded prepayment or recall of funds.
• Business Strategy: The board has passed a resolution to convert the company from a housing finance company to a non-banking finance company (NBFC) to enable multiple product offerings and growth.
• Financial Performance: Profit after tax grew by 25% in the quarter and 33% in FY26. The capital adequacy ratio stands at 39.21%, more than double the regulatory minimum.

Regulatory Compliance

The company confirmed that the discussion strictly followed the SEBI (Prohibition of Insider Trading) Regulations, 2015. Any information required to be disclosed under the applicable regulatory framework was disseminated to stock exchanges in accordance with law.

SRG Housing Finance promoters Vinod Kumar Jain and Archis Jain acquired a combined 80,000 equity shares in the company through the open market on September 16, 2026. The acquisition was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The purchase was executed equally between the two promoters, with each acquiring 40,000 shares. This transaction represents an additional 0.25% stake for each individual promoter relative to the total voting capital. The mode of acquisition was specified as a market purchase.

Post-Transaction Holdings

Following the acquisition, the total holding of the promoter group, including persons acting in concert (PAC), stands at 94,19,443 shares. This constitutes 59.97% of the total voting capital and 59.37% of the diluted voting capital.

Persons Acting in Concert

The disclosure lists several entities and individuals as part of the PAC group, whose holdings remained unchanged during this transaction. Key PAC entities include Seema Jain, Ambitious Associates Pvt Ltd, and SRG Global Solutions Private Limited. The total PAC holding outside the two main promoters remains at 48,76,664 shares, or 31.05% of the voting capital.

What the Numbers Show

The promoters have increased their consolidated stake by 0.50 percentage points to nearly 60%. The acquisition was funded through open market purchases rather than off-market transfers or preferential allotments, indicating a direct investment from promoter resources into listed equity. No encumbrances were reported on the newly acquired shares.