SRG Housing Finance Limited has received a credit rating reaffirmation from CARE Ratings Limited (Care Edge Ratings), maintaining its financial credibility in the market. The company announced this development in compliance with regulatory disclosure requirements.

Credit Rating Details

CARE Ratings has reaffirmed the company's credit rating without any changes, demonstrating stability in the financial assessment. The rating details are as follows:

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory framework requires listed companies to promptly inform stock exchanges about material events that could impact investor decisions.

Market Communication

SRG Housing Finance communicated this rating reaffirmation to both major stock exchanges where its shares are listed. The company maintains transparency with stakeholders by ensuring timely disclosure of all material developments that affect its credit profile and financial standing.

The reaffirmation of the BBB rating with stable outlook reflects the rating agency's continued confidence in SRG Housing Finance's ability to meet its financial obligations and maintain operational stability in the housing finance sector.

SRG Housing Finance Limited has announced an Extra-Ordinary General Meeting (EGM) to seek shareholder approval for the re-appointment of an Independent Director. The meeting is scheduled for January 19, 2026, at 12:15 PM IST at the company's head office in Udaipur, Rajasthan.

Board Resolution and Re-appointment Details

The Board of Directors approved the re-appointment of Mr. Suresh Kumar Kanhaiyalal Porwal (DIN: 08966740) as Non-executive Independent Director at its meeting held on November 28, 2025. The re-appointment is for a second term of five consecutive years.

Director Profile and Qualifications

Mr. Porwal brings extensive banking and financial expertise to the board. He is a Chartered Accountant by profession and retired from State Bank of India in May 2020 as Chief Manager after more than 33 years of banking experience. Currently, he serves as a Partner in SCJ Associates, a Chartered Accountant firm, and has wide experience in Risk Management, having handled multiple functions at SBI.

Regulatory Compliance and Delayed Filing

The company disclosed that while the Board approved the re-appointment on November 28, 2025, the regulatory intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 was inadvertently not submitted within the prescribed time due to internal oversight. Upon identification during internal review, the company is now submitting the intimation along with the EGM notice.

EGM Voting Arrangements

Shareholders will have multiple voting options available for the EGM:

Performance Evaluation and Board Recommendation

The Nomination and Remuneration Committee, after considering the performance evaluation report of Mr. Porwal during his first term and his knowledge, acumen, expertise, substantial contribution and time commitment, recommended his re-appointment at its meeting held on November 28, 2025. The Board believes his continued association would be beneficial to the company and that he fulfills the conditions specified under Section 149(6) of the Companies Act, 2013 and Regulation 16(1)(b) of SEBI (LODR) Regulations, 2015.

The resolution requires approval as a Special Resolution by the shareholders. The company has confirmed that except for Mr. Porwal himself, no other Directors or Key Managerial Personnel are concerned or interested in the proposed resolution.