SRG Housing Finance Limited paid ₹36.66 lakh in interest and redeemed ₹75.76 lakh of principal on its Non-Convertible Debentures (NCDs) on September 29, 2026.

The company fulfilled its monthly obligations for the secured, redeemable NCDs issued via private placement. The payment was made on the due date, with no delays reported. This update supersedes the previous report regarding a smaller tranche, focusing now on the larger ₹50 crore issue size which includes a green shoe option.

Interest Payment Details

The company paid interest at a monthly frequency for the period ending September 14, 2026. The gross interest amount due was ₹40.03 lakh, but the actual amount paid was ₹36.66 lakh after Tax Deducted at Source (TDS). The last interest payment was made on August 27, 2026, two days prior to the due date as it fell on a non-working day.

Redemption and Outstanding Balance

The redemption was partial, executed on a pro-rata basis by face value. This follows a scheduled monthly redemption structure rather than a maturity or call option exercise. Following this payment, the outstanding principal amount for this instrument stands at ₹40.15 crore.

What the Numbers Show

The redemption amount of ₹75.76 lakh represents approximately 1.5% of the original issue size of ₹50 crore. With an outstanding balance of ₹40.15 crore, roughly 80% of the initial principal remains unpaid. The consistent monthly repayment pattern suggests a structured amortization schedule is in place for this specific debt instrument.

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 Management confirmed that no unpublished price-sensitive information was shared during the session.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.