India shelter finance Corporation Limited has announced credit rating updates from ICRA Limited for its Pass Through Certificates (PTCs) issued under two mortgage loan securitization transactions. The rating agency has re-affirmed one rating while upgrading three others, reflecting improved credit quality across the company's securitization portfolio.

Rating Actions and Current Status

ICRA Limited has taken rating actions on four different series of Pass Through Certificates. The rating updates were communicated to both BSE Limited and National Stock Exchange of India Limited on February 26, 2026, in compliance with regulatory requirements under SEBI listing obligations.

Facility Amount Evolution

The rated amounts for these facilities have evolved since their initial issuance. The RAFAEL 08 2021 Series A1 facility has seen the most significant reduction, decreasing from an initial rated amount of Rs. 29.17 crore to the current Rs. 8.26 crore. The GHAR 09 2022 Series A1 facility has also reduced from its initial Rs. 79.06 crore to Rs. 36.65 crore currently.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 and Regulation 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was signed by Mukti Chaplot, Company Secretary and Compliance Officer, ensuring proper corporate governance protocols were followed.

About the Transactions

The Pass Through Certificates are part of two distinct mortgage loan securitization transactions - RAFAEL 08 2021 and GHAR 09 2022. These structured finance instruments allow the company to transfer credit risk while maintaining liquidity for its mortgage lending operations. The rating upgrades indicate improved performance and credit quality of the underlying mortgage loan portfolios.

India Shelter Finance Corporation Limited has allotted 63,770 equity shares under its Employee Stock Option Plans (ESOP), marking a significant milestone in the company's employee benefit programs. The allotment was approved by the Stakeholders Relationship Committee through a circular resolution passed on February 24, 2026.

Share Allotment Details

The allotment was executed under two separate ESOP schemes, with employees exercising their vested stock options across both programs:

All allotted shares carry a face value of Rs. 5/- each and will rank pari-passu with the existing equity shares of the company.

Impact on Share Capital

The ESOP exercise has resulted in an increase in the company's paid-up share capital structure:

Regulatory Compliance

The allotment was conducted in accordance with Regulation 10(c) of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company has informed both BSE Limited and National Stock Exchange of India Limited about the allotment, providing comprehensive disclosure details as required under the SEBI ESOP Regulations.

Listing and Trading

India Shelter Finance Corporation confirmed that the newly allotted shares are identical in all respects to the existing equity shares of the company. The company is currently completing the necessary formalities for listing these shares on both BSE and NSE, where the company's shares are already traded. The distinctive numbers for the newly allotted shares range from 10,86,51,980 to 10,87,15,749.

Company Background

India Shelter Finance Corporation Limited, with its registered office located at 6th Floor, Plot No. 15, Institutional Area, Sector 44, Gurugram, Haryana, operates under CIN: L65922HR1998PLC042782. The company maintains its shares on both major Indian stock exchanges under the scrip code 544044 on BSE and symbol INDIASHLTR on NSE.