India Home Loan Limited Issues Postal Ballot Notice for Shareholder Approvals
India Home Loan Limited dispatched postal ballot notice on February 4, 2026, seeking shareholder approval for two key resolutions: continuation of Managing Director Mahesh Pujara after attaining 70 years and doubling authorized share capital from ₹25 crores to ₹50 crores. The e-voting process will be conducted through NSDL platform from February 5 to March 6, 2026, with cut-off date of January 30, 2026.
*this image is generated using AI for illustrative purposes only.
India Home Loan Limited has dispatched a postal ballot notice to shareholders seeking approval for key corporate decisions through remote e-voting. The housing finance company announced the postal ballot process under Regulation 30 of SEBI Listing Regulations, with voting scheduled from February 5 to March 6, 2026.
Postal Ballot Resolutions Overview
The company is seeking shareholder approval for two critical resolutions through the postal ballot process. The notice was dispatched on February 4, 2026, following the Board meeting decisions taken on January 30, 2026.
| Resolution Details: | Type | Description |
|---|---|---|
| Resolution 1: | Special | Continuation of Mr. Mahesh Pujara as Managing Director after attaining 70 years |
| Resolution 2: | Ordinary | Increase authorized share capital from ₹25 crores to ₹50 crores |
| Cut-off Date: | January 30, 2026 | Eligibility for voting rights |
| E-voting Period: | February 5-March 6, 2026 | Remote voting window |
Managing Director Continuation Proposal
The first resolution seeks approval for continuing Mr. Mahesh Pujara (DIN: 01985578) as Managing Director despite reaching 70 years of age. The Board has recommended his continuation based on his extensive experience and contribution to the company's growth since 2008.
| Director Profile: | Details |
|---|---|
| Name: | Mr. Mahesh N. Pujara |
| Experience: | 42 years in financial services, 14 years in affordable housing finance |
| Current Shareholding: | 9,78,200 shares |
| Relationship: | Father of Mr. Mitesh M. Pujara, Whole-time Director |
| Current Remuneration: | ₹49.50 lakhs (FY2025-26) |
| Board Meetings Attended: | 4 meetings in FY2025-26 |
Authorized Share Capital Expansion
The second resolution proposes doubling the company's authorized share capital to facilitate future capital requirements and business expansion. The increase requires consequential amendment to the Memorandum of Association.
| Capital Structure: | Current | Proposed | Change |
|---|---|---|---|
| Authorized Capital: | ₹25.00 crores | ₹50.00 crores | +100.00% |
| Equity Shares: | 2,45,00,000 shares | 4,95,00,000 shares | +102.04% |
| Face Value: | ₹10 per share | ₹10 per share | No change |
| Preference Shares: | 50,000 shares | 50,000 shares | No change |
E-voting Process and Compliance
The postal ballot will be conducted exclusively through remote e-voting using NSDL's platform, in compliance with MCA circulars and SEBI regulations. The company has appointed Mr. Himanshu Gajra of Himanshu Gajra & Company as the Scrutinizer for the voting process.
| Process Details: | Information |
|---|---|
| E-voting Platform: | National Securities Depository Limited (NSDL) |
| Scrutinizer: | Mr. Himanshu Gajra (Membership No. F11691) |
| Notice Distribution: | Electronic mode only to registered email addresses |
| Website: | www.indiahomeloan.co.in |
| Company Secretary: | Akash Das (A74714) |
Shareholders whose email addresses are registered with the company or depositories as on the cut-off date of January 30, 2026, are eligible to participate in the e-voting process. The results will be declared as per statutory timelines and communicated to BSE Limited and published on the company's website along with the Scrutinizer's report.
Historical Stock Returns for India Home Loans
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -100.00% | -2.16% | +4.84% | -21.81% | +8.02% | -25.71% |
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