Aadhar Housing Finance Limited has filed a statement confirming the utilization of proceeds from its listed non-convertible debentures (NCDs) and equity shares for the quarter ended March 31, 2026. Submitted to BSE Limited and the National Stock Exchange of India Limited on May 5, 2026, the disclosure confirms that all issue proceeds raised up to Q4FY26 have been fully utilized for the stated objects with no deviations. The company also reported that there were no issuances of listed NCDs during the quarter.

IPO and Equity Share Utilization

The company's equity shares were listed on May 15, 2024, following an Initial Public Offer (IPO). The Monitoring Agency, ICRA Limited, verified that the IPO proceeds of Rs. 1000 crore were fully utilized by March 31, 2026. The key parameters of the issue are summarized below:

Status of Non-Convertible Debentures

In accordance with Regulation 52(7) and 52(7A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company confirmed that proceeds from previously listed NCDs were fully utilized. However, no new NCDs were issued during the quarter ended March 31, 2026. The statement of deviation for NCDs was marked as Not Applicable, indicating no variations in the use of funds raised through this instrument.

Confirmation of No Deviations

The company explicitly stated that there were no deviations or variations in the utilization of funds for either the equity shares or the NCDs. The objects for which the funds were raised remained unchanged, and no unfavorable events affecting the viability of the objects were reported. The disclosures were made in the format prescribed by the SEBI Master circular dated July 11, 2025.

The statement was signed by Harshada Pathak, Company Secretary and Compliance Officer of Aadhar Housing Finance Limited.

Aadhar Housing Finance Limited has announced that its Board of Directors has recommended the appointment of M/s. N M Raiji & Co as Joint Statutory Auditor. The decision was taken during a meeting held on May 5, 2026, based on the recommendation of the Audit Committee. The appointment is proposed for a tenure of three consecutive financial years, commencing from FY 2026-27 and continuing until the conclusion of the Annual General Meeting for FY 2028-29. This move is subject to the approval of the shareholders at the company's ensuing annual general meeting.

Regulatory Compliance and Auditor Details

The appointment follows the guidelines issued by the Reserve Bank of India regarding the appointment of Statutory Central Auditors and Statutory Auditors for NBFCs and HFCs. M/s. N M Raiji & Co, a firm of Chartered Accountants registered with the Institute of Chartered Accountants of India (ICAI Firm Registration No. 108296W), has been selected to fill the vacancy. The firm operates with its main office in Mumbai and a branch office in Bangalore, holding a valid Peer Review certificate.

Change in Statutory Auditors

The recommendation comes as the term of the existing Joint Statutory Auditor, M/s. Kirtane & Pandit LLP, is set to expire at the conclusion of the Annual General Meeting for FY 2025-26. If appointed by the shareholders, M/s. N M Raiji & Co will serve alongside the existing statutory auditors, M/s. S. R. Batliboi & Associates LLP. The Board confirmed that there are no reportable relationships between the directors of the company and the proposed auditor.

Summary of Auditor Changes

The Board meeting, where this decision was finalized, commenced at 3:40 p.m. and concluded at 4:40 p.m. on May 5, 2026. The official disclosure regarding this appointment has been made available on the company's website.