SRG Housing Finance Limited has received shareholder approval to increase its borrowing limits and create charges on its assets to secure borrowings. The resolutions were passed via a remote e-voting process that concluded on May 28, 2026. This approval enables the company to enhance its borrowing capacity under Section 180(1)(C) of the Companies Act, 2013, and secure these borrowings by creating charges on assets under Section 180(1)(A) of the Act.

The postal ballot sought approval for two special resolutions. The first resolution aimed to approve the increase in borrowing limits, while the second sought approval for the creation of charges on the company's assets to secure the borrowings made or to be made. The voting process was managed by the National Securities Depository Limited (NSDL), and the scrutinizer's report confirmed the outcomes.

Voting Results

A total of 3,769,261 votes were polled on the resolutions, representing 24.0052% of the outstanding shares. The resolutions received strong backing from both promoters and public shareholders. Promoters held 9,269,443 shares, of which 3,462,828 votes were polled, all in favour. Public non-institutions held 6,432,395 shares, with 306,433 votes polled.

Resolution 1: Increase in Borrowing Limits

The resolution to approve the increase in borrowing limits under Section 180(1)(C) of the Companies Act, 2013, was passed with 99.9998% of the votes in favour.

Resolution 2: Creation of Charges on Assets

The resolution to approve the creation of charges on the company's assets under Section 180(1)(A) of the Companies Act, 2013, was passed with 99.9999% of the votes in favour.

Procedural Details

The remote e-voting process commenced on April 29, 2026, at 9:00 A.M. IST and concluded on May 28, 2026, at 5:00 P.M. IST. Shiv Hari Jalan, Practising Company Secretary, was appointed as the scrutinizer to oversee the process. The record date for determining shareholder eligibility was April 17, 2026. The detailed scrutinizer's report has been submitted to the exchanges and will be available on the company's website.

SRG Housing Finance Limited has completed the payment of interest and partial redemption for its secured redeemable Non-Convertible Debentures (NCDs). The transactions were executed on May 22, 2026, ahead of the scheduled due date of May 24, 2026, as the latter fell on a non-working business day.

Interest Payment Details

The company paid an interest total of ₹20,26,752.48 against a due amount of ₹22,38,007.48. The difference is attributed to Tax Deducted at Source (TDS). The interest payment record date was May 9, 2026, and the frequency of payment is monthly. The last interest payment prior to this was made on April 24, 2026.

Partial Redemption of NCDs

Simultaneously, the company undertook a partial redemption of its NCDs. The redemption amount was ₹39,39,393.94, reducing the outstanding principal to ₹23,24,24,242.42. The redemption was executed on a face value basis and categorized under 'Others - Monthly Redemption'.

The NCDs issue size aggregates to ₹26 crore, including a Green Shoe Option of ₹1 crore. The debentures are rated, secured, listed, senior, and transferable with a face value of ₹1,00,000 each.