India Home Loans Ltd Directors Report

DIRECTORS REPORT

Dear Members,

Your Directors have pleasure in presenting the Thirty Fifth Annual Report on the performance of the India Home Loan Ltd ("the Company") together with the audited financial statements for the year ended March 31, 2025.

FINANCIAL RESULTS

The financial performance of your Company for the year ended March 31, 2025 ("During the year under review") as compared to the previous financial year is summarized below:

		(INR in Lakhs)
Particulars	2024-25	2023-24
Revenue from operations	1360.17	1201.83
Other income	8.67	9.40
Total revenue	1368.84	1211.23
Profit before depreciation and finance costs	825.57	638.58
Depreciation and amortization expense	22.98	18.69
Finance Cost	767.89	956.80
Profit after depreciation, finance costs and exceptional items and before tax	34.70	(336.91)
Tax expense	7.42	7.55
Profit for the year	27.28	(344.47)
Other comprehensive income	(0.82)	2.75
Total comprehensive income for the Year	26.46	(341.71)

AMOUNT TRANSFERRED TO RESERVES

The Company has transferred INR 5.46 Lakhs to Special Reserves under Sec 36(1)(viii) of Income Tax Act, 1961 for the financial year 31^st March 2025 as per audited financial statements.

CAPITAL ADEQUACY RATIO (CAR)

The Company has been maintaining the Capital Adequacy Ratio (CAR) above the minimum required level as prescribed by National Housing Bank (NHB)/Reserve Bank of India (RBI) from time to time.

NATURE OF BUSINESS AND FINANCIAL PERFORMANCE

The Company is a housing finance company registered with National Hosing Bank of India. It primarily offers retail home loan products in the affordable housing segment. Loans are offered to customers for purchase, construction as well as extension of houses. During the year under review, the Company has achieved total revenue of INR 1,368.84/- Lakhs with a Profit after Tax of INR 27.28 Lakhs as against the total revenue of INR 1,211.23 Lakhs and profit after tax of INR (344.47) Lakhs earned in previous year.

REVIEW OF OPERATIONS

The Net NPA of the Company as on 31^st March 2025 is 2.31%. The company has disbursed 3 loan proposals during this year amounting to INR 10.45 Lakhs. The total loan portfolio as on 31^st March 2025 stands at INR 4961.28 Lakhs.

CHANGE IN THE NATURE OF BUSINESS (IF ANY)

There were no fundamental changes in the business of the Company during the Financial Year ended March 31, 2025.

CREDIT RATINGS

As on the date of this report, the Company had received a letter on June 27, 2023 from Informatics Rating ("Credit Rating Agency"), in relation to the revision in the Credit Rating assigned to the Long term fund based bank facility - term loan from IVR D to IVR D/ Issuer not cooperating and for Non-Convertible Debentures from IVR C to IVR D/ Issuer not cooperating. However, the Company has not accepted the above rating and is under formal discussions with the agency for revision in rating.

COMPLIANCE WITH PRINCIPAL BUSINESS CRITERIA

Master Directions-Non-Banking Financial Company-Housing Finance Company (Reserve Bank) Directions, 2021, as updated from time to time has defined the term Housing Finance Company, which shall mean the Company incorporated under the Company Act, 2013 and that fulfils the below mentioned conditions:

1. It is an Non-Banking Financial Company ("NBFC") whose financial assets, in the business of providing finance for housing, constitute at least 60% of its total assets (netted off by intangible assets); and

2. Out of the total assets (netted off by intangible assets), not less than 50% should be by way of housing financing for individuals. Your Company has complied with the above RBI Master Direction and is meeting the aforesaid principal business criteria for Housing Financial Company as defined therein

REGULATORY COMPLIANCE

Following the amendment in the Finance Act, 2019 and the subsequent notification by the Reserve Bank of India (RBI) in August 2019, Housing Finance Companies (HFCs) are being treated as one of the categories of Non-Banking Financial Companies (NBFCs) for regulatory purposes and accordingly come under RBIs direct oversight. The National Housing Bank (NHB), however, would continue to carry out supervision & refinance facilities for HFCs. In this regard Master Direction - Non-Banking Financial Company - Housing Finance Company (Reserve Bank) Directions, 2021 was notified on 17^th February, 2021, updated from time to time.

The Company has been following guidelines, circulars and directions issued by the RBI/ NHB, from time to time. The Company has complied with the Master Direction-Non Banking Financial Company - Housing Finance Company (Reserve Bank) Directions, 2021 (updated as on 5th May, 2025).

RBI had issued a circular on "Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs" on 22^nd October, 2021 (SBR Framework). As per the framework, based on size, activity, and risk perceived, NBFCs are categorised into four layers, NBFC-Base Layer (NBFC-BL), NBFC-Middle Layer (NBFC-ML), NBFC-Upper Layer (NBFC-UL) and NBFC-Top Layer (NBFC- TL). RBI has issued the Master Direction - Reserve Bank of India (Non-Banking Financial Company)- Scale Based Regulation) Directions, 2023 dated 19^th October, 2023, updated from time to time.

SHARE CAPITAL

As on 31^st March 2025, The Authorised share capital of the Company is INR 25,00,00,000 (Rupees Twenty-Five Crore) and the Subscribed and Paid up share capital of the Company is INR 14,28,17,550 (Rupees Fourteen crores twenty-eight lakhs seventeen thousand five hundred and fifty only) divided into 1,42,81,755 equity shares of face value of INR 10/-. During the year under review, the Company has not issued any shares or convertible securities.

DIVIDEND

The Board of Directors has not recommended any dividend for the financial year 2024-25.

DEPOSITS

The Company being an NBFC, the provisions relating to Chapter V of the Act, i.e., acceptance of deposit, are not applicable. Further, the Company is registered as non-deposit taking NBFC with the RBI and Company has not accepted any deposits during the year under review.

Further, Pursuant to Section 73 of the Companies Act, 2013 (together with the Companies (Acceptance of Deposits) Rules, 2014), the provision for inviting or accepting public deposits is not applicable to the Company. Accordingly, During the year under review, the Company has neither invited nor accepted any deposits from the public within the meaning of Section 73 of the Act.

MAINTAINENCE OF COST RECORDS & COST AUDIT

Maintenance of cost records and requirement of cost audit as prescribed under the provisions of Section 148(1) of the Companies Act, 2013 are not applicable for the business activities carried out by the Company.

SUBSIDIARY/JOINT VENTURES/ASSOCIATES COMPANIES

The Company does not have any subsidiary/joint venture or associate Company.

DIRECTORS AND KEY MANAGERIAL PERSONNEL

During the financial year 2024-25, Mr. Deepak Katarmal was appointed as an Independent Director at the Board meeting held on September 26, 2024, for a first term of five consecutive years, effective immediately. His appointment was subsequently regularised by the shareholders through a Postal Ballot on December 25, 2024. In the opinion of the Board, Mr. Deepak Katarmal possesses requisite expertise, integrity and experience (including the proficiency).

Further, Ms. Shilpa Katare, the Company Secretary and Compliance Officer, resigned from her position with effect from July 12, 2024. Thereafter, Mr. Akash Das was appointed as the Company Secretary and Compliance Officer of the Company with effect from September 26, 2024.

Pursuant to the provisions of Section 149 of the Companies Act, 2013, all the Independent Directors have submitted declarations that each of them meet the criteria of independence as provided in Section 149 (6) of the Act along with Rules framed thereunder and Regulation 16(1) (b) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"). There has been no change in the circumstances affecting their status as independent directors of the Company.

The Independent Directors of the Company have registered themselves with the Indian Institute of Corporate Affairs, Manesar (‘MCA) as required under Rule 6 of Companies (Appointment and Qualification of Directors) Rules, 2014.

In the opinion of the Board, Mr. Mahesh Shah, Ms. Archana Chirawawala, Mr. Chahan Vora and Mr. Deepak Katarmal possesses requisite expertise, integrity and experience.

Mr. Mahesh N. Pujara, Managing Director, is retiring by rotation to enable compliance by the Company with the provisions of Section 152 of the Companies Act, 2013.

In accordance with the provisions of Section 203 of the Companies Act, 2013, the Key Managerial Personnel of the Company as on March 31,2025, comprised of:

• Mr. Mahesh N. Pujara, Managing Director

• Mr. Mitesh M. Pujara, Whole-time Director

• Mr. Maulesh Popat, Chief Financial Officer

• Mr. Akash Das, Company Secretary and Compliance Officer

BOARD MEETINGS

During the year 2024-25, 6 (Six) meetings of the Board of Directors were held on May 29, 2024, August 12, 2024, August 30, 2024, September 26, 2024, November 13, 2024 and February 13, 2025. Details about the Board meetings are given in report on Corporate Governance which forms part of this Annual Report.

The maximum interval between any two meetings did not exceed 120 days.

INDEPENDENT DIRECTORS

Meeting In accordance with the provisions of Listing Regulation and Companies Act, the Independent Directors of your Company met once during the financial year, on March 22, 2025, without the attendance of Non-Independent Directors and members of the management. The Independent Directors reviewed the performance of the Non-Independent Directors, CFO, CEO, Committees and the Board as a whole along with the performance of the Chairman of your Company, taking into account assessment of the quality, quantity and timeliness of flow of information between the Company management & the Board and free flow of discussion on any matter that is necessary for the Board to effectively and reasonably perform their duties.

BOARD COMMITTEES

The Board has delegated powers to various Committees, each of which has specific responsibilities as per the provisions of the Companies Act, 2013, RBI Master Directions and the Listing Regulations, as amended from time to time.

All the recommendations of the Board Committees were considered and accepted by the Board while conveying decisions in the Board Meetings.

The company has following committees;

1. Audit Committee,

2. Nomination and Remuneration Committee,

3. Stakeholders Relationship Committee.

4. Risk Management Committee,

5. Asset and Liability Management Committee

6. IT Strategy Committee.

Details of the Committees including the charter, composition and meetings held during the year, are provided in the Corporate Governance Report which forms part of this Annual Report.

BOARD EVALUATION

The Board of Directors have carried out an annual evaluation of its own performance, board committees, and individual directors pursuant to the provisions of the Companies Act 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The performance of the Board was evaluated on the basis of a structured questionnaire comprising of evaluation criteria forming part of the policy and after seeking inputs from all the directors on the basis of criteria such as the board composition and structure, effectiveness of board processes, information and functioning, etc.

The performance of the committees was evaluated by the Board after seeking inputs from the committee members on the basis of criteria such as the composition of committees, effectiveness of committee meetings, etc.

The above criteria are based on the Guidance Note dated on Board Evaluation issued by the Securities and Exchange Board of India.

In a separate meeting of independent directors dated March 22, 2025, performance of non-independent directors, the board as a whole and the Chairman of the Company were evaluated, taking into account the views of executive and non-executive directors.

The Board reviewed the performance of individual directors on the basis of criteria such as the contribution of the individual director to the board and committee meetings like preparedness on the issues to be discussed, meaningful and constructive contribution and inputs in meetings, etc.

Performance Evaluation by	Of Whom
Board of Directors	Board as a whole and Committees of Board All Directors excluding the Director being evaluated
Independent Directors	Non - Independent Directors Chairman of the Company Board as a whole

POLICIES ON APPOINTMENT OF DIRECTORS AND THEIR REMUNERATION

Pursuant to sub-section (3) of Section 178 of the Act and Regulation 19(4) of the SEBI (LODR) Regulations, 2015, the Board has formulated Policies on Directors appointment and remuneration. This Policy includes criteria for selection of Directors, determining their qualifications, positive attributes, remuneration and independence of Directors, evaluation process for performance of Directors, key evaluation criteria and other matters.

In accordance with the applicable provisions of the Act and the Listing Regulations, these Policies are uploaded on the website of the Company, viz., https://indiahomeloan.co.in/Home/CodesPolicv.

CORPORATE SOCIAL RESPONSIBILITY

During the year under review, the provisions of Section 135 of the Companies Act, 2013, read with Schedule VII and the Companies (Corporate Social Responsibility Policy) Rules, 2014, were not applicable to the Company. Hence, the Company was not required to constitute a CSR Committee or undertake any CSR activities for the financial year.

CORPORATE GOVERNANCE

During the financial year under review, your Company adhered to all Guidelines on Corporate Governance in accordance with the Master Direction- Non-Banking Financial Company - Housing Finance Company (Reserve Bank) Directions, 2021, as amended from time to time.

The Companys Corporate Governance Report for the year under review, forms part of this Annual Report. A certificate from M/s. D.A. Kamat & Co., Practicing Company Secretaries regarding compliance with the conditions of Corporate Governance as stipulated under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred to as "SEBI Listing Regulations"), is annexed to Corporate Governance Report.

MANAGEMENT DISCUSSION AND ANALYSIS

Pursuant to Regulation 34 of the SEBI (LODR) Regulations, 2015 read with Schedule V of SEBI Listing Regulations, the Management Discussion and Analysis Report for the year provides a comprehensive analysis of the Companys performance, growth and outlook of the Company and its business which forms part of this Report.

STATUTORY AUDITOR

M/s. H.K. Shah & Co., Chartered Accountants (Firm Registration No. 109583W) were appointed as the Statutory Auditor of the Company to hold office for a term of five years from the conclusion of the Thirty Second Annual General Meeting held on 30^th September 2022, until the conclusion of the Thirty Seventh Annual General Meeting of the Company.

STATUTORY AUDITORS REPORT

The Statutory Auditors of the Company, M/s. H.K. Shah & Co., Chartered Accountants issued an Audit Report with modified opinion on the Audited Financial Results of the Company for the financial year ended March 31, 2025 containing the below mentioned qualification:

1. The company is in the process of implementation of an NBFC industry-specific ERP software which is yet to be implemented for strengthening the internal controls.

Managements Reply: Company is in the final stage to customize design & implementation of the Omnifin software. The desired results, such as the automation of all financial and non-financial tasks, have taken a few months to achieve.

FRAUD REPORTING

During the year, the Statutory Auditors have not reported any instances of material fraud committed against the Company by its officers or employees under Section 143(12) of the Companies Act, 2013, which would require disclosure in this report.

Fraud monitoring and reporting The Reserve Bank of India vide Master Directions on Fraud Risk Management in Non-Banking Financial Companies (NBFCs) (including Housing Finance Companies) dated 15 July 2024 came up with directions on Fraud risk management. Pursuant to the RBI Master Direction, the Company has adopted comprehensive Fraud Risk Management Policy covering aspects viz, measure towards fraud prevention, fraud detection, investigation, staff accountability, monitoring of frauds, recovery of frauds, reporting of frauds and roles & responsibilities of Board/Board Committees and Senior Management.

SECRETARIAL AUDIT

Pursuant to the provisions of Section 204 of the Companies Act, 2013, and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Company has appointed M/s. D. A. Kamat & Co., Practicing Company Secretaries, to conduct the Secretarial Audit for the financial year ended March 31, 2025.

The Secretarial Audit Report in Form MR-3 for the financial year ended March 31, 2025 is enclosed as Annexure I to this report. There are no qualifications, reservations or adverse remarks made by the Secretarial Auditor in the report.

Further, during the year under review, no fraud has been reported by the Secretarial Auditor under Section 143(12) of the Companies Act, 2013. Accordingly, the disclosure of details under Section 134(3)(ca) of the Act is not applicable.

SECRETARIAL STANDARDS

The Company has complied with the applicable Secretarial Standards issued by the Institute of Company Secretaries of India.

INSPECTION BY NATIONAL HOUSING BANK (NHB)

In accordance with the provisions of Section 34 of the National Housing Bank Act, 1987, the National Housing Bank (NHB), as the regulatory authority for Housing Finance Companies (HFCs), undertakes periodic inspections to ensure compliance with applicable laws, regulations, and prudential norms.

During the year under review, NHB conducted a comprehensive inspection of select branches of India Home Loan Limited (IHLL). The inspection covered a wide range of operational and financial areas including IHLLs lending, resource raising and accounting activities apart from the compliances with the Prudential Guidelines.

Following the inspection, the Company received the inspection report from NHB outlining observations and recommendations to enhance regulatory compliance and operational efficiency. The Company has carefully reviewed the findings and has submitted an Action Taken Report (ATR) to NHB within the prescribed timelines, detailing the corrective measures implemented or initiated in response to the observations.

SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR OTHERS

There are no significant and material orders passed during the year by regulators or courts or tribunals impacting the going concern status and Companys operations in future

PARTICULARS OF EMPLOYEES AND RELATED INFORMATION

In accordance with the provisions of Section 197(12) of the Act read with Rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, a statement containing the disclosures pertaining to remuneration and other details as required under the Act and the above Rules, are appended to this Report as Annexure II.

During the year under review, none of the employees were in receipt of remuneration of INR 102 lakhs or more per annum or INR 8.50 lakhs or more per month. Accordingly, the information regarding employee remuneration as required pursuant to Rule 5(2) and Rule 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is not applicable to the Company.

RISK MANAGEMENT

The Board of Directors of the Company has constituted a Risk Management Committee to formulate, implement, and monitor the Risk Management Plan of the Company. The Committee is entrusted with the responsibility of identifying key risks, assessing their potential impact, and ensuring that appropriate mitigation strategies are in place.

The Risk Management Committee regularly monitors and reviews the risk management framework and ensures its continued effectiveness in addressing emerging and existing risks. In addition, the Audit Committee provides independent oversight, particularly in relation to financial risks and internal controls.

The Company has adopted a formal Risk Management Policy, which outlines the approach to managing various types of risks including credit risk, operational risk, market risk, liquidity risk, and regulatory risk. The Policy serves as a guiding document for identifying, evaluating, and mitigating risks across all functional areas. The major risks identified are systematically addressed through mitigating actions on a continuing basis.

FAMILIARISATION AND TRAINING PROGRAMMES

The Company has formulated a policy on Familiarisation programme for Independent Directors. Accordingly, upon appointment of an Independent Director, the appointee is given a formal Letter of Appointment, which inter alia, explains the role, function, duties and responsibilities expected as a Director of the Company.

Further, the Company also familiarize the Independent Directors with the Company, their roles, responsibilities in the Company, nature of industry in which the Company operates, business model of the Company, various businesses in the group etc. The Director is also explained in detail the compliance required from him under the Act and the Listing Regulations. Further, on an ongoing basis as a part of Agenda of Board/ Committee Meetings, presentations are regularly made to the Independent Directors on various matters inter-alia covering the business strategies, management structure, management development, quarterly and annual results, budgets, review of Internal Audit, risk management framework, operations of subsidiaries and associates.

The Policy on Familiarisation programme for independent directors along with the details of the Familiarization Programmes conducted by the company during the FY2024-25 are available on the website of the Company and can be accessed at https://indiahomeloan.co.in/Home/CodesPolicy.

VIGIL MECHANISM/WHISTLE BLOWER POLICY

The Company has established a vigil mechanism to provide a framework to promote responsible and secure whistle blowing and to provide a channel to the employee(s) and Director(s) to report to the management, concerns about unethical behaviour, actual or suspected fraud or violation of the code of conduct or policies of the Company, as adopted/framed from time to time. The mechanism provides for adequate safeguards against victimisation of employees and Directors to avail of the mechanism and also provide for direct access to the Chairperson of the Audit Committee in exceptional cases.

SUCCESSION PLAN

Your Company is conscious of succession planning and therefore gives focus on orderly succession of Directors, Key Managerial Personnel and Senior Management. Your Company follows a continuous process of evaluation and coaching to facilitate succession within the hierarchy. The Policy on Succession Planning for the Board and Senior Management as approved by the Board is uploaded on the Companys website and can be accessed at the https://indiahomeloan.co.in/Home/CodesPolicv.

POLICIES OF THE COMPANY

The Company has in place various Board approved policies pursuant to Companies Act, 2013, SEBI Regulations, RBI/NHB Directions and other regulations. These policies are reviewed from time to time keeping in view the operational requirements and the extant regulations.

The details of the policies along with the weblink is given under https:// indiahomeloan.co.in/Home /CodesPolicy.

INTERNAL FINANCIAL CONTROL SYSTEM AND THEIR ADEQUACY

Internal Financial Control & its Adequacy The Company has put in place adequate policies and procedures to ensure that the system of internal financial control commensurate with the size and nature of the Companys business.

These systems provide a reasonable assurance in respect of providing financial and operational information, complying with applicable statutes, safeguarding of assets of the Company, prevention and detection of frauds, accuracy and completeness of accounting records and ensuring compliance with Companys policies.

Based on the framework of internal financial controls and compliance systems established and maintained by the Company, the work is performed by the internal, statutory and secretarial auditors and external consultants, including the audit of internal financial controls over financial reporting by the statutory auditors and the reviews are performed by management and the relevant board committees, including the Audit Committee. The Board is of the opinion that the Companys internal financial controls were adequate and effective during the period under review.

Note on Auditors Qualification & Managements Reply:

While the statutory auditor did issue a qualified opinion regarding the ongoing implementation of the NBFC-specific ERP system (Omnifin) and its impact on internal controls, Management wishes to reassure stakeholders that this ERP implementation is now in its final stages. The existing internal financial control framework remains robust and effective, and the completion of the ERP rollout is expected to further enhance these controls.

INTERNAL AUDIT

The Internal Audit function operating independently under the oversight of the Audit Committee of the Board, gives objective assurance to the Board on Companys internal control processes, risk management and governance systems and processes.

The internal audit of the Company for the financial year 2024-25 was undertaken by M/s K A Sinha & Co. Chartered Accountants, an independent external agency. The scope of the internal audit is appropriately defined, taking into consideration the size, scale, and complexity of the Companys operations.

The internal auditors submit detailed reports on a quarterly basis, which are reviewed and deliberated upon in the meetings of the Audit Committee and the Board of Directors. The Audit Committee closely monitors the implementation and execution of the audit plan, assesses the adequacy and effectiveness of the internal control systems, and oversees the timely implementation of audit recommendations to strengthen the governance framework of the Company

PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES:

During the year under review, the transactions entered into by the Company with related parties as defined under the Act and SEBI Listing Regulations, were in the ordinary course of business and on an arms length basis.

Pursuant to Section 134(3)(h) of the Act read with Rule 8(2) of the Companies (Accounts) Rules, 2014, there are no related party transactions that are required to be reported under Section 188(1) of the Act, as prescribed in Form AOC-2.

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS:

Since the Company is registered with National Housing Bank as a Housing Finance Company, the disclosures regarding particulars of the loans given, guarantees given and securities provided is exempt under the provisions of Section 186 (11) of the Companies Act, 2013.

As regards investment made by the Company, the details of the same are provided under Note no. 4 & 5 forming part of Financial Statements of the Company for the year ended March 31, 2025

MATERIAL CHANGES AND COMMITMENT, IF ANY, AFFECTING THE FINANCIAL POSITION OF THE COMPANY:

During the year under review, there were no material changes and commitments affecting the financial position of the Company.

CONSERVATION OF ENERGY, TECHNOLOGY AND FOREIGN EXCHANGE

Pursuant to the provisions of Section 134(3)(m) of the Companies Act, 2013, read with Rule 8 of the Companies (Accounts) Rules, 2014, the relevant information pertaining to conservation of energy, technology absorption, and foreign exchange earnings and outgo for the financial year under review are set out herein below:

a) Conservation of Energy

The operations of the Company are not energy-intensive in nature, as it is engaged in financial services. However, the Company continues to adopt appropriate measures to conserve energy wherever feasible, including the use of energy- efficient equipment and promoting awareness among employees regarding energy conservation practices.

b) Technology Absorption

Being a Housing Finance Company, the nature of the Companys operations does not involve significant technology absorption. Nevertheless, the Company has adopted and implemented several information technology solutions to enhance operational efficiency, data management, customer servicing, and monitoring systems.

c) Foreign Exchange

During the year under review there were no Foreign Exchange Earnings & the Foreign Exchange outgo is NIL.

ANNUAL RETURN

Pursuant to the Section 134 (3) (a) of the Companies Act, 2013, the Annual Return shall be available on the website of the company viz. www.indiahomeloan.co.in.

DISCLOSURE AS PER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013

The Company has in place a Policy on Prevention against Sexual Harassment in line with the requirements of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013. The Internal Complaints Committee (ICC) has been set up to redress complaints received regarding sexual harassment. All employees (permanent, contractual, temporary, trainees) are covered under this policy. The Company has not received any complaint under this policy during the financial year 2024-25. Accordingly, the details of complaints under the said policy are as follows:

Sr. No.	Particulars	Number
1	Number of Complaints of Sexual Harassment received during the year	0
2	Number Of Complaints Disposed Off During The Year	0
3	Number Of Cases Pending For More Than Ninety Days	0

DISCLOSURE AS PER PROVISIONS RELATING TO THE MATERNITY BENEFITS ACT, 1961.

The Company complies with all applicable provisions of the Maternity Benefit Act, 1961, which provides for maternity leave, benefits, and other entitlements to female employees. All eligible women employees have been extended the benefits as prescribed under the Act during the year under review. There were no complaints or non-compliance reported in this regard.

DISCLOSURE OF PROCEEDINGS PENDING OR APPLICATION MADE UNDER INSOLVENCY AND BANKRUPTCY CODE, 2016

No application was made or any proceeding pending under the Insolvency and Bankruptcy Code, 2016.

DISCLOSURE OF REASON FOR DIFFERENCE BETWEEN VALUATION DONE AT THE TIME OF TAKING LOAN FROM BANK AND AT THE TIME OF ONE TIME SETTLEMENT

There was no instance of onetime settlement with any Bank or Financial Institution.

DECLARATION BY MANAGING DIRECTOR

Based on the declarations received from the Directors & Senior Management for the compliance of "Code of Conduct for Directors and Senior Management" as approved by the Board of the Company, MD hereby declares that all the Directors and Senior Management have complied with the said Code of Conduct for Directors & Senior Management for F.Y 2024-25 and said code of conduct is available on the website of the Company at https://indiahomeloan.co.in/UploadedFile/2e549834-abb5-4ada-8335- 166cec056e10 Code-of-Conduct-for-Directors-and-Senior-ManagementPersonnel.pdf. A copy of the declaration signed by the Managing Director is enclosed as Annexure III to this Report.

DIRECTORS RESPONSIBILITY STATEMENT

Pursuant to Section 134(5) of the Act, the Board of Directors, to the best of its knowledge and ability, confirm that:

a) in the preparation of the annual accounts for the year ended 31^st March 2025, the applicable accounting standards have been followed and there are no material departures;

b) they have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at 31^st March 2025 and of the profit of the Company for that period;

c) they have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

d) they have prepared the annual accounts on a going concern basis;

e) they have laid down internal financial controls to be followed by the Company and such internal financial controls are adequate and operating effectively;

f) they have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems are adequate and operating effectively.

CAUTIONARY STATEMENT

Certain statements in the Directors Report describing the Companys objectives, projections, estimates, expectations or predictions may be forward-looking statements within the meaning of applicable securities laws and regulations. Actual results could differ from those expressed or implied.

APPRECIATION AND ACKNOWLEDGEMENT

The Directors wish to express their sincere gratitude to all stakeholders, including the shareholders, the Ministry of Corporate Affairs, the Securities and Exchange Board of India, the Government of India, the National Housing Bank, and other regulatory authorities for their continued guidance and support. The Board also extends its appreciation to BSE Limited, the Companys bankers, members, customers, business associates, and all employees for their unwavering trust and cooperation.

The Directors place on record their deep appreciation for the dedication, commitment, and hard work demonstrated by the employees at all levels, which has significantly contributed to the Companys sustained and robust performance across all operational areas.

	On behalf of the Board of Directors
	Sd/-	Sd/-
Place : Mumbai	Mahesh Pujara	Mitesh Pujara
Date : August 12, 2025	Managing Director	Whole-Time Director