Aadhar Housing Finance Limited , a prominent player in the Indian housing finance sector, has received strong shareholder support for its Employee Stock Option Plan (ESOP) 2025. The company recently concluded a postal ballot process, revealing significant backing for the introduction and implementation of the new ESOP scheme.

Key Highlights of the Shareholder Approval

• The Employee Stock Option Plan 2025 received overwhelming support with 97.39% of votes cast in favor.
• Shareholders also approved the extension of the ESOP 2025 to employees of group companies, including holding and subsidiary companies, with 94.07% of votes in favor.
• The postal ballot process, which concluded on November 17, was conducted entirely through remote e-voting, in line with regulatory guidelines.

Voting Details

The voting results for the two special resolutions were as follows:

Implications for Aadhar Housing Finance

The strong approval for the ESOP 2025 plan signals shareholders' confidence in the company's strategy to attract, retain, and motivate key talent. By extending the plan to group companies, Aadhar Housing Finance aims to create a more cohesive and motivated workforce across its corporate structure.

Regulatory Compliance

The postal ballot was conducted in accordance with the Companies Act, 2013, and various circulars issued by the Ministry of Corporate Affairs. Ms. Nupur Gadekar, Partner at M/s. Mehta & Mehta, Company Secretaries, served as the scrutinizer for the voting process, ensuring transparency and adherence to regulatory requirements.

Looking Ahead

With the ESOP 2025 now approved, Aadhar Housing Finance is positioned to implement this new incentive structure. The plan may play a crucial role in the company's human resource strategy, potentially impacting its performance and growth in the competitive housing finance market.

As the housing finance sector continues to evolve, Aadhar Housing Finance's move to strengthen its employee incentive program could be seen as a strategic step to enhance its market position and operational capabilities.

Aadhar Housing Finance Limited has reported robust growth and strong asset quality for the second quarter of fiscal year 2026, demonstrating resilience in the affordable housing finance segment.

Key Financial Highlights

• Assets Under Management (AUM) reached Rs. 27,554.00 crores as of September 30, 2025, marking a 21% year-on-year growth.
• Disbursements stood at Rs. 4,089.00 crores for the first half, representing a 16% increase.
• Profit after tax for H1 FY26 was Rs. 504.00 crores, up 18% from Rs. 428.00 crores in H1 FY25.
• Gross NPAs remained well-controlled at 1.42%.
• Collection efficiency maintained above 99%.

Asset Quality and Portfolio Composition

The company maintained strong asset quality, with Stage-II assets improving by approximately 20 basis points year-on-year. The portfolio composition remains balanced:

• Portfolio yield exit stood at 13.8% with exit spread at 5.9%

Expansion and Market Presence

Aadhar Housing Finance continues to expand its network:

• Added 20 new branches during the quarter
• Total branch count reached 611 across 22 states
• Improved balance transfer out to 5.4% from the previous year

Management Outlook

The management expressed confidence in meeting growth guidance for the financial year, citing favorable policy reforms and GST 2.0 framework benefits for the affordable housing segment.

Recent Corporate Development

In a recent corporate filing, Aadhar Housing Finance disclosed:

• Damages of Rs. 14,79,000 levied by Employee Provident Fund Authority
• The penalty is for non-compliance with section 14B of Employees Provident Fund and Miscellaneous Provisions Act, 1952
• The company attributes the delay to technical issues arising from non-seeding and/or mismatch of employees' Aadhaar details with their Universal Account Numbers (UANs) in the EPFO portal

While this regulatory penalty is noteworthy, it appears to be a relatively minor issue in the context of the company's overall financial performance and growth trajectory.

Aadhar Housing Finance's strong performance in Q2 FY26 underscores its robust position in the affordable housing finance sector. The company's focus on maintaining asset quality while pursuing growth, coupled with its expanding network and positive management outlook, suggests a promising trajectory for the remainder of the fiscal year.