August 29, 2025
Transcript of 27th Annual General Meeting
TRANSCRIPT OF 27TH ANNUAL GENERAL MEETING OF INDIA SHELTER FINANCE CORPORATION LIMITED
Dear shareholders
On behalf of the board members, I welcome all of you to the 27th Annual General Mee(cid:415)ng of your company. We hope all of you are safe and in good health. Myself, Muk(cid:415) Chaplot, the Company Secretary of India Shelter
Finance Corpora(cid:415)on Limited. I am joining this mee(cid:415)ng from our registered office in Gurugram.
INTRODUCTION BY MUKTI CHAPLOT
I would like to introduce you to the directors and other par(cid:415)cipants
Mr. Sudhin Bhagwandas Choksey - Chairman of the company
Miss Rachna Dikshit - Independent Director and Chairman of Nomina(cid:415)on and Remunera(cid:415)on Commi(cid:425)ee and
Audit Commi(cid:425)ee
Miss Savita Mahajan - Independent Director and Chairman of Stakeholder Rela(cid:415)onship Commi(cid:425)ee
Mr. Parveen Kumar Gupta - Independent Director and Chairman of Risk Management Commi(cid:425)ee
Mr. Rupinder Singh - MD and CEO of the company
Mr. Ashish Gupta - Chief Financial Officer
Mr. Rahul Rajagopalan - Head of investor Rela(cid:415)ons
Mr. Harshit Lodha - Representa(cid:415)ve of statutory auditor, SR Batliboi and Associates LLP
Mr. Jitender Singh - Secretarial Auditor and Scru(cid:415)nizer at the current mee(cid:415)ng
Now on behalf of the Board, I request Mr. Sudhin Bhagwandas Choksey Sir to take the Chair.
Sudhin Bhagwandas Choksey
Good morning and thank you to everyone. I accept being elected as a Chairman of the mee(cid:415)ng and I will now propose Miss Muk(cid:415) Chaplot, our Company Secretary, to take the proceedings ahead.
Muk(cid:415) Chaplot
Thank you, Sir. This mee(cid:415)ng has been called to seek approval of the shareholders for the ordinary and special items as outlined in the no(cid:415)ce of the AGM and is considered as being read.
With the permission of Chairman, I hereby confirm presence of requisite quorum through video conferencing to conduct the proceedings of this mee(cid:415)ng. In accordance with the circulars issued by Ministry of Corporate Affairs and as per Sec(cid:415)on 103 of the Companies Act, 2013, the par(cid:415)cipa(cid:415)on of the shareholders through video conferencing is being held and iden(cid:415)fied for the purposes of quorum. As the requisite quorum is present, with the permission of the Chairperson, I hereby call this mee(cid:415)ng to order.
Sudhin Bhagwandas Choksey
Thank you, Muk(cid:415). I call this mee(cid:415)ng to order.
Muk(cid:415) Chaplot
Thank you, sir
The no(cid:415)ce of 27th Annual General Mee(cid:415)ng has been sent to the shareholders through e-mail and is available on the website of the company as well as on the stock exchanges and is taken as read pursuant to Regula(cid:415)on 36-1B of the SEBI Regula(cid:415)ons, 2015 the company has dispatched a le(cid:425)er providing a web link of the annual report for the financial year 2024-25 and the no(cid:415)ce conveying the 27th AGM to those members whose e-mail address are not registered with the company registrar and transfer agent or depositories.
All the members may note that this 27th Annual General Mee(cid:415)ng is being held through video conference in accordance with the Companies Act, 2013 and circulars issued by Ministry of Corporate Affairs and Securi(cid:415)es
Exchange Board of India. Facility for joining this mee(cid:415)ng through video conference is made available for the members on first come first serve basis.
As the AGM is being held through video conferencing, the facility for appointment of proxies by the members was not applicable and hence the proxy register is not available for inspec(cid:415)on.
The company has received request from a few members to register themselves as speakers at this mee(cid:415)ng.
Accordingly, the floor will be opened for those members to ask ques(cid:415)ons or express their views. The moderator will facilitate this session once we open the floor for ques(cid:415)ons and answers. To avoid repe(cid:415)(cid:415)on, the answers to all the ques(cid:415)ons will be provided at the last.
The company had provided the facility to cast vote electronically on the resolu(cid:415)on set forth in the no(cid:415)ce. Remote e-vo(cid:415)ng lines commenced on July 25, 2025 at 9:00 AM and ended on July 27, 2025 at 5:00 PM. Mr. Jitender Singh has been appointed as the scru(cid:415)nizer for the mee(cid:415)ng.
Members who are par(cid:415)cipa(cid:415)ng in this mee(cid:415)ng and are yet to cast their votes electronically will have an opportunity to cast their votes during the mee(cid:415)ng a(cid:332)er the closing remarks through the e-vo(cid:415)ng system provided by K Fin.
The vo(cid:415)ng results on the resolu(cid:415)ons shall be announced within two working days of the conclusion of the mee(cid:415)ng. The same will also be uploaded on the website of the company, the stock exchanges and the RTA which is K Fin.
Now, I will request Mr. Sudhin Bhagwandas Choksey, Sir Chairman of the Company, to commence the proceedings of the mee(cid:415)ng.
Sudhin Bhagwandas Choksey
Dear valued shareholders, ladies and gentlemen,
I extend a very warm welcome to the 27th Annual General Mee(cid:415)ng of India Shelter Finance Corpora(cid:415)on Limited.
I am delighted to share an update on our company's journey.
The Indian economy con(cid:415)nues to consolidate its posi(cid:415)on as a global economic force. GDP is projected to grow at 6.5% in the coming financial year, with private consump(cid:415)on more than doubling to ₹ 180 lakh crore since
2013. Per capita income is expected to cross ₹ three and half lakh per annum and the number of individuals earning over ₹ 9,00,000 annually could triple to sixteen and half crore individuals. This expanding middle class creates a strong founda(cid:415)on for a long-term growth in housing demand.
Housing Shortage in India
The housing deficit in India is both deep and structural. India's poten(cid:415)al demand for housing was pegged at 10 crore units. Notably, 95% of this shor(cid:414)all is concentrated in the Low-Income Group (LIG) and Economically
Weaker Sec(cid:415)on (EWS) at 9.5 crore units, underlining the need for targeted housing finance solu(cid:415)ons. Total demand to fulfill the en(cid:415)re shortage in value term is es(cid:415)mated at ₹ 17.4 lakh crore. Considering average credit penetra(cid:415)on across segments, aggregate loan demand is es(cid:415)mated at around ₹ 6.8 lakh crore and aggregate loan demand from Economically Weaker Sec(cid:415)on (EWS) and Low-Income Group (LIG) segment is es(cid:415)mated at ₹ 4.5 lakh crores, the segment where India Shelter operates in.
India’s Housing Finance Sector:
India's Housing Finance market is growing steadily, driven by aspira(cid:415)ons for home ownership and suppor(cid:415)ve policies of the Central Government. Total housing credit in India is es(cid:415)mated at around ₹ 39.6 lakh crores as of
March 2025.
While banks con(cid:415)nue to play a dominant role, Housing Finance Companies (HFCs) are successfully reaching underserved segments with tailored solu(cid:415)ons. This structural evolu(cid:415)on, supported by robust demand and regulatory clarity, is poised to deepen further in the coming years. The ra(cid:415)o of housing loan to GDP has increased from 3.2% in 2001 to 12% in March 2025, indica(cid:415)ng the growing importance as well as poten(cid:415)al for further growth when compared this ra(cid:415)o to other Asian developing countries.
Affordable Housing Finance Landscape
Affordable housing in India con(cid:415)nues to gain momentum, supported by urbaniza(cid:415)on, rising incomes, and government programs like Pradhan Mantri Awas Yojana (PMAY). The Affordable Housing Finance Companies loan por(cid:414)olio stood at around ₹ 1.3 lakh crore as of March 2025. With the rising incomes and government incen(cid:415)ves, the affordability and accessibility of housing are steadily improving. With greater emphasis on underserved segments, the sector is moving towards greater inclusivity.
India Shelter Your Company
Founded in 2010, India Shelter focuses on a first-(cid:415)me home loan takers, largely self-employed individuals in (cid:415)er
2 and (cid:415)er 3 towns. As of March 2025, we operated across 15 states through 266 branches, delivering credit where it's needed the most. Technology and data analy(cid:415)cs are central to our opera(cid:415)ons from onboarding and underwri(cid:415)ng to collec(cid:415)ons and servicing, enabling efficient and customer centric delivery.
Financial Year 2024-25
We remain commi(cid:425)ed to resilience and disciplined execu(cid:415)on, ensuring strong financial and opera(cid:415)onal performance. Total income saw 37% year-on-year growth, rising to ₹ 1,176 crores in 2024-25. Finance costs increased only to the extent of 23% year-on-year, reaching ₹ 353 crores in 2024-25. Opera(cid:415)ng expenses also were restricted to ₹ 307 crores in 2024-25, driven by our strategic focus on expanding the branch network, workforce, inves(cid:415)ng in technology and enhancing the brand visibility amid strong business momentum. Asset quality improvement helped contain credit costs to ₹ 26 crores in 2024-25. Profit before tax stood at ₹ 489 crore and a(cid:332)er providing for income tax, Profit a(cid:332)er Tax grew 53% year-on-year reaching ₹ 378 crore in 2024-25. Our
Return on Assets (ROA) for the year was at 5.6% and Return on Equity (ROE) for the year was 15.1%.
We have for(cid:415)fied our balance sheet with prudent liquidity management, capital raises and improved credit reduce, ensuring that we remain well posi(cid:415)oned for our future expansion and a growth.
I am also pleased to inform you that the Board of Directors have recommended a final dividend of ₹ 5 per equity share of face value of ₹ 5 each for the financial year 2024-25. It is 100% of the face value of equity share of India
Shelter.
CSR and ESG Ac(cid:415)vi(cid:415)es at India Shelter
At India Shelter, sustainability and community engagement are core values. Our CSR efforts focus on healthcare, educa(cid:415)on, and social welfare, delivered with a strategic intent and measurable impact. We con(cid:415)nue to reduce our environmental footprint through energy efficiency, waste reduc(cid:415)on, and digital lending ini(cid:415)a(cid:415)ves.
Closing
Before I conclude, I extend my sincere apprecia(cid:415)on to our employees for their dedica(cid:415)on and hard work, to the board members for their guidance, and to our customers, regulators and partners for trust. Together, we will con(cid:415)nue to drive inclusive growth and meaningful transforma(cid:415)on in the affordable housing space.
Thank you.
SUDHIN CHOKSEY | CHAIRMAN & NON-EXECUTIVE NOMINEE DIRECTOR
Muk(cid:415) Chaplot
Thank you, Sir. Now I would request Mr. Rupinder Singh, Sir, MD and CEO to present the performance of the company for the Financial Year 2024-25.
Rupinder Singh
Good morning to all of you.
Thank you for taking (cid:415)me out to be present with us today.
I thank the Chairman Sir, for providing us a broad overview of the economy and the company's performance along with our CSR ini(cid:415)a(cid:415)ves.
Let me start with a brief overview on India Shelter, it's journey so far and growth strategies going forward.
India Shelter was founded in 2010 and today we have a vintage of more than 15 years. The company is being run by professional management team backed by Marquee Private Equity Investors. We are led by a diverse board with extensive experience.
As a housing finance company, we focus on two products that is home loans and loans against property. On the business side, our average (cid:415)cket size is at ₹ 10 lakhs with focus of servicing customers in the range of ₹ 5 lakhs to ₹ 30 lakhs of (cid:415)cket size. Our focus is on the underserved customer base. 75% of our loans are to self-employed category of customers with 91% of both in (cid:415)er 2 and (cid:415)er 3 ci(cid:415)es. In 99% of our loans there are women as a borrowers.
Moving on the business model and opera(cid:415)ons, we have consciously adopted the in-house sourcing model. More than 90% of our sourcing is in-house. Star(cid:415)ng from lead genera(cid:415)on to credit to legal, technical to opera(cid:415)ons and collec(cid:415)ons. We have well-staffed and structured teams for all key processes with a separate hierarchy of key func(cid:415)ons.
Since the commencement of business, we have been ac(cid:415)vely incorpora(cid:415)ng state-of-the-art tech processes. Our technology led opera(cid:415)ons help us in delivering industry leading turnaround (cid:415)me. We have five unique in-house developed applica(cid:415)ons for customer acquisi(cid:415)on, credit underwri(cid:415)ng, collateral evalua(cid:415)on, collec(cid:415)ons and customer service.
On the business front, the year gone by was a strong one. We con(cid:415)nue to maintain consistency in delivering a growth of 35% year on year with AUM reaching to ₹ 8,189 crores. Disbursement for the year stood at ₹ 3,355 crores, registering a growth of 27% year on year. Profit a(cid:332)er tax for the year stood at ₹ 378 crores, registering a growth of 53% year on year. Gross NPA came in at 1.0% and net NPA is at 0.8%. As of 31st March 2025, our net worth stood at ₹ 2,709 crores.
On the opera(cid:415)onal front:
We employ approximately 3,800 employees thereby helping employment genera(cid:415)ng in (cid:415)er 2, (cid:415)er 3 and
(cid:415)er 4 ci(cid:415)es. Live accounts as on 31st March 2025 stands at 1,09,277 customers.
99% of our customers are women applicant
75% of customers are self-employed individuals
On the liability side, liquidity pipeline remains strong with posi(cid:415)ve ALM. The company has assessed to diversified and cost-effec(cid:415)ve long-term borrowings. Our ra(cid:415)ng upgrades have been consistent over the years. Our current ra(cid:415)ng stands at AA -stable from CARE, ICRA and India Ra(cid:415)ngs and Research.
We have diversified sources of borrowings with more than 32 counterpar(cid:415)es. Our lending rela(cid:415)onships include
Na(cid:415)onal Housing Bank, Public Sector Banks, Private Sector Banks, Mutual Funds, NBFCs and DFIs.
To conclude, we will work towards:
1. Deepening branch penetra(cid:415)on in adjacent market and improve branch produc(cid:415)vity.
2. Diversify and op(cid:415)mize our borrowing costs.
3. We will con(cid:415)nue to leverage technology for scalability and produc(cid:415)vity
4. Overall enhancement of brand visibility and focus on crea(cid:415)ng a posi(cid:415)ve work culture.
I remain thankful to our Customers, Board of Directors, Regulators, Shareholders, Lenders, Ra(cid:415)ng Agencies,
Employees and all other Stakeholders for their con(cid:415)nued support and look forward to seeing you next year.
Thank you so much.
Thank You | RUPINDER SINGH | MANAGING DIRECTOR & CHIEF EXECUTIVE OFFICER
Muk(cid:415) Chaplot
Thank you, Sir
Dear shareholders, as men(cid:415)oned earlier, the no(cid:415)ce of the AGM is already circulated through electronic mode and the company has dispatched a le(cid:425)er providing a web link of the no(cid:415)ce conveying the 27th AGM to those members whose e-mail addresses were not registered with the company, RTA and depositories.
The statutory auditors report on financial statements and the secretarial audit report, which were also circulated are unqualified in nature. Therefore, with the permission of the shareholders, the no(cid:415)ce of 27th AGM Boards
Report and Auditors Report being taken as read. Now we take up the resolu(cid:415)ons as set forth in the no(cid:415)ce.
Following are the ordinary businesses to be transacted:-
1. To consider and adopt the audited stand alone and consolidated financial statements of the company together with the Board of Directors Report and Auditors Report for the Financial Year 31st March,
2025.
2. Second, ordinary business, To reappoint Mr. Sudhin Bhagwandas Choksey who re(cid:415)res by rota(cid:415)on and being eligible has offered himself for reappointment.
3. Third ordinary business, To declare final dividend of ₹ 5 per equity share of face value ₹ 5 each for the financial year ended 31st March, 2025.
Following are the special businesses to be transacted:-
1. The first special business, To consider and approve reappointment of Mr. Rupinder Singh as Managing
Director and Chief Execu(cid:415)ve Officer of the Company and approve an increase in remunera(cid:415)on for the financial year 2025-26 and thereof.
2. Second Special business, To consider and approve and increase in the borrowing powers in excess of the paid-up share capital, free reserves and security premium account of the Company under Sec(cid:415)on
180(1)(c) of the Companies Act 2013.
3. Third Special business, To consider and approve the Employee Stock Op(cid:415)on Plan 2025.
4. Fourth special business, To consider and approve the appointment of secretarial auditor of the company and fix their remunera(cid:415)on.
Now I request the moderator to begin the ques(cid:415)on-and-answer session.
Moderator
Thank you, ma’am,
The speaker names will be announced by the moderator in a sequence. Kindly turn on your video when you are projected on the broadcast screen, unmute yourself and proceed to ask the ques(cid:415)ons. Please men(cid:415)on your name and the loca(cid:415)on from where you are joining. A(cid:332)er your ques(cid:415)ons, you can mute yourself and listen to the management's response.
The maximum (cid:415)me allo(cid:425)ed for the Q&A session should be 10 minutes.
Now I will start with the first speaker. Mr. Ankur Chanda. Mr. Ankur Chanda, please unmute yourself and ask your ques(cid:415)on
Sir Mr. Ankur Chanda
Ankur Chanda
Good morning to everyone.
सर परफॉरम(cid:336)स ठीक है, हमारी शेयर (cid:366)ाइस म(cid:336) भी ए(cid:366)ीिसएशनहो रही है। ठीक है कोई िद(cid:383)त नही ंहै सर एक छोटी सी वो है
िक थोड़ा से(cid:354)े टे(cid:303)रयल को भी ये िक हमारे एक शेयरहो(cid:658)र के कॅ ाटा(cid:387) म(cid:336) रहे (cid:400)ोिंक हम कोिशश कर(cid:336) करनी पाते ये करते न
ही ंह(cid:339)। तो थोड़ा सा एक ये लेग है जो बीच म(cid:336) इसको थोड़ा सा दूरकरवाइए। बाकी तो आप (cid:366)ोफे शन(cid:676) की टीम है और बिढ़या
काम कर रही है। कोई िद(cid:383)त नही ंहै। बस सर ऐसे ही करते रिहए और (cid:303)रटन(cid:330) अ(cid:453)ी िमलती रहे।
बस ध(cid:586)वाद सर।
Moderator
The next speaker is Mr. Sneh Mohnot. Mr. Sneh Mohnot, please unmute yourself and ask your ques(cid:415)on sir.
Mr. Sneh Mohnot.
Not ge(cid:427)ng any response Sir.
The next speaker is Mr. Shripal Singh Mohnot. Mr. Shripal Singh Mohnot, please unmute yourself and ask your ques(cid:415)on Sir.
Shripal Singh Mohnot
सर नम(cid:715)ार मेरी आवाज़ आ रही है सर I
Moderator
हाँ जी सर I
Shripal Singh Mohnot
म(cid:339) (cid:373)ीपाल िसंह जोधपुर, राज(cid:725)ान िनवासी गु(cid:348)(cid:356)ाम ह(cid:303)रयाणा से बोल रहा (cid:353)ँ सर आप सबको सादर (cid:366)णाम सादर नम(cid:715)ार।
आदनीय, चेयरमैन साहब एजीएम म(cid:336) आपका और आपके पूरे बोड(cid:330) का हािद(cid:330)क अिभदन करता (cid:353)ँ।
आज के (cid:366)(cid:721)ािवत सभी (cid:366)(cid:721)ाव का पूण(cid:330) समथ(cid:330)न करता (cid:353)ँ,
चेयरमैन साहब, म(cid:339) जानना चाहता (cid:353)ँ वत(cid:330)मान (cid:366)वत(cid:330)न िनदेशक। कं पनी को आगे बढ़ाने म(cid:336) िकस (cid:366)कार िज(cid:643)ेदारी िनभा रहे ह(cid:339) और
युवा पीढ़ी इस िवषय म(cid:336) अपना योगदान िकस (cid:366)कार कर रही है? हम िजतना लोन िवतरण करते ह(cid:339) उसका िकतना परस(cid:336)ट हम
वसूल कर पाते ह(cid:339), िव(cid:721)ार से बताएं।
चेयरमैन साहब आप और आपका पूरा बोड(cid:330) तथा आपके कम(cid:330)चारी का ध(cid:586)वाद करना चाहता (cid:353)ँ िजनके अथक प(cid:303)र(cid:373)म से कं पनी
िनरंतर (cid:366)गित के पथ पर आगे अ(cid:356)सर हो रही है। आपके कं पनी से(cid:387)(cid:332)ीसाइबा ने समय पर बैल(cid:336)स शीट और नोिटस भेज िदया है
कं पनी से(cid:272)ेटर(cid:547)ज तथा उनके सहयोिगयो ंने जो मेरा माग(cid:330)दश(cid:330)न िकया, उसके िलए म(cid:339) उनका आभार (cid:681)(cid:389) करता (cid:353)ँ।
ध(cid:586)वाद जय िह(cid:573)।
Moderator
The next speaker is Mr. Praveen Kumar. Mr. Praveen Kumar, please unmute yourself and ask your ques(cid:415)on sir.
Mr. Praveen Kumar.
Praveen Kumar
Hello, I am audible sir.
Moderator
Yes, Sir.
Praveen Kumar
A very, very good morning to my respected Chairperson, esteem Board of Directors, my fellowship shareholders.
Myself, Praveen Kumar joining this mee(cid:415)ng from New Delhi.
I have a few observa(cid:415)on which I would love to share with the en(cid:415)re room sir, but before that. In this financial year this is our first interac(cid:415)on with the management, so I wish the en(cid:415)re management team each and every dedicated employee of our company a happy, healthy and prosperous future.
Coming down to my observa(cid:415)on sir, I am shareholder of the company since IPO and I am delighted to be invest my hard earned money into the company. Each year your elaborate speech is very, very informa(cid:415)ve and under your leadership respected chairperson along with the professional team, our investment grow in a right direc(cid:415)on.
So thank you very much for your hard work, dedica(cid:415)on, devo(cid:415)on to bring sustainable growth for a retail investor like.
Sir, if you see last year, there are so many adversaries in home for rent and worldwide. Despite those challenges, those concerned, those barrier, Sir, under your leadership are coming our companies coming out with excellent results, excellent growth for the future, Sir. So I just want to know that what will be the road map for the next two year?
I wholeheartedly hearts support all the resolu(cid:415)on which you set out for the no(cid:415)ce today and one more thing which is very, very important Sir, the communica(cid:415)on between retail investor and the company is the litmus test of any companies in this regard.
I love to thank our respected CFO, CS and their en(cid:415)re team for bringing out higher standard of corporate governance sir. Even during the course of year if you have any update, any queries that will be (cid:415)mely replies so I don't want to repeat them my ques(cid:415)on which on already addressed to me at the answer.
I just pray to the Lord that he will bless you with all the posi(cid:415)vity so that you will keep the momentum of crea(cid:415)ng job for making India to respect our Narendra Modi respected Prime Minister vision. Crea(cid:415)ng well for a retail investor like me and taking CSR community service to the very next level to build India in a very, very construc(cid:415)ve way. And thank you for this opportunity to share my views and my observa(cid:415)on.
Wish you all the luck and all the best. Thank you, Sir. Thank you very much.
Moderator
The next speaker is Mr. Ajay Kumar Jain. Mr. Ajay Kumar Jain, please unmute yourself and ask your ques(cid:415)on sir
Ajay Kumar Jain
हाँ नम(cid:715)ार चेयरमैन सर म(cid:339) िद(cid:671)ी से अजय कु मार जैन कं पनी का शेयर हो(cid:658)र बोल रहा (cid:353)ँ और मेरा
एक अ(cid:586) अपने प(cid:303)रवार के सद(cid:735) शेयर हो(cid:658)र ह(cid:339)। वो इस सभा म(cid:336) जुड़े (cid:352)ए ह(cid:339)।
आपने अपनी जो चेयरमैन (cid:729)ीच दी वह काफी (cid:366)भावशाली थी। आदरणीय (cid:366)धानमं(cid:361)ी का जी का जो सपना है, हर (cid:681)(cid:304)(cid:389) का
मकान हो, उसम(cid:336) मेरी कं पनी उसकी उनके इस कदम म(cid:336) काफी सहायता (cid:366)दान करती है। ये एक अ(cid:453)ा कदम है। एक (cid:681)ापा
र करना हर कं पनी का उ(cid:542)े(cid:692) होता है, लेिकन एक प(cid:304)(cid:624)क की सेवा और उनके िलए मकान जैसी म(cid:336) अपनी (cid:681)व(cid:725)ा देना ये ह
मारी कं पनी का है।
इससे हमारा एस ए शेयर हो(cid:658)र काफी गव(cid:330) महसूस होता है और सर म(cid:339) आपसे दो और हमारे एमडी सर नेजो हम(cid:336) बाद म(cid:336) बता
या (cid:366)ेज(cid:336)टेशन वो भी लगा (cid:403)े (cid:686)न कु छ पूछना नही ंहै। एक दो सुझाव है सर ये जो आप लोन फनै(cid:304)(cid:588)ंग म(cid:336) जो मकान के िलए करते
ह(cid:339), जो शेयर हो(cid:658)र के िलए कोई (cid:366)ाइऑरटी काड(cid:330) दीिजयेगा तािकहम िकसी अ(cid:586) अपनी कं पनी से सहायता लेने की बजाए अ
पनी कं पनी से िलए िजससे हम(cid:336) िव(cid:695)ास भी रहेगा।
और हमारी जो मदद है या जो हमारा स(cid:339)(cid:405)(cid:588) है वो ज(cid:663)ी पास हो जाएंगे और सर आज इस सभा म(cid:336) जीतनेभी (cid:366)(cid:721)ाव लेके आ
ए है। उनका म(cid:339) समथ(cid:330)न करता (cid:353)ँ, िवशेष (cid:349)प से मेरे रे(cid:729)े(cid:387)ेड एमडी साहब का रे अपॉइंटम(cid:336)ट है और म(cid:339) ब(cid:352)त अपने आप को
सौभा(cid:438)शाली समझता (cid:353)ँ की म(cid:339) सभा म(cid:336) उप(cid:304)(cid:725)त (cid:353)ँ िजसमे उनका अपॉइंटम(cid:336)ट है। सर आज ना एमडी सर। ऐसे नही ंचलेगा।
आपसे पाट(cid:334) भी बनती है (cid:400)ोिंक म(cid:339) हम(cid:336) पता है कॉप(cid:342)रेट म(cid:336) आपकी छिव इतनी िलबरल है की कोई कुछ कहे तो सही।
आप उससे पहले तैयार रहते है तो म(cid:339)ने ला(cid:720) टाइम भी कहा था की इस साल भी इस बार हम(cid:336) मेरी मनेजम(cid:336)ट एस ए शेयरहो(cid:658)र
हम(cid:336) िनराश नही ंकरेगी और सी एस माम् के मा(cid:559)म से कु छ ना कु छ। हम(cid:336) इस सेले(cid:368)ेशन करने का मौका िमलेगा। आने वाला
मेरी समय मेरी कं पनी को नई ऊँ चाई पे लेके जाए और िजसका लाभ कं पनी के साथ साथ को िमले ऐसा िव(cid:695)ास आज की सभा
से मुझे िमला है। इसी आशा और िव(cid:695)ास के साथ नम(cid:715)ारI
जय िहंद।
Moderator
That concludes the (cid:415)me allo(cid:425)ed for ques(cid:415)on and answers. The remaining speakers can send their ques(cid:415)ons to company via their registered e-mail ID and company shall reply to the same within 7 working days. This concludes the speaker session Sir.
Back to you, Sir.
Sudhin Bhagwandas Choksey
Moderator, can I respond to the points stated or suggested by our valued shareholders?
Moderator
Yes, Sir.
Sudhin Bhagwandas Choksey
I will start first with Mr. Ankur Chanda. And I take your point that you know, our company secretary needs to remain in a more frequent contact with you. I am sure Muk(cid:415) has made a note of it and she will con(cid:415)nue to keep in touch, you know, with the valued shareholders like you who are so interested and who is tracking our company so closely. Muk(cid:415), please make a note and please make sure that we spare (cid:415)me for the shareholders to meet us and understand from them what are the sugges(cid:415)ons and cri(cid:415)cism, if any.
Muk(cid:415) Chaplot
Sure, Sir noted.
Sudhin Bhagwandas Choksey
We have Mr. Shripal Singh Muhnot. I would request Rupinder to, you know, elaborate on.
Rupinder Singh
(cid:373)ीपाल जी, आपके जो सवाल ह(cid:339), आपने जो सवाल पूछे ह(cid:339) वो डीटे(cid:676) िबज़नेस के बारे म(cid:336) जानने की कोिशश क(cid:303)रए तो? कं पनी
की जो (cid:356)ोथ इस साल रही है वो एसेट अंडर मनेजम(cid:336)ट जो लोन बुक साइज इ(cid:802)(cid:354)ीज़ (cid:352)आ है। वो 35% से इ(cid:802)(cid:354)ीज़ (cid:352)आ है और ज
ब माच(cid:330) 2025 के जो फाइन(cid:339)शल (cid:401)ोज़ िकये ह(cid:339),8189 करोड़ का हमारा एसेट अंडर मनेजम(cid:336)ट था। इतना लो(cid:588) हमारा माक(cid:337) ट म(cid:336)
िदया (cid:352)आ है जो (cid:366)ोवाइडेड है। बेिस(cid:401)ी ये 8189 करोड़ का लोन हमने आगे फॉव(cid:330)ड(cid:330) िकया है कं पनी के । क(cid:720)मस(cid:330) को और क
(cid:720)मर की बात कर(cid:336)। माच(cid:330) 25 म(cid:336) हमारे जो क(cid:720)मर थे वो 1,09,270 क(cid:720)मर जो िक लाइव क(cid:720)मर ह(cid:339) वो बुक पर ह(cid:339) और कं प
नी की जो (cid:366)ॉिफटेिबिलटी रही है वो तीनसोअठहतर करोड़ रही है जब माच(cid:330) 25। हमने (cid:401)ोज़ िकया है। इसके अलावा आपने
एनपीए और जीएनपी ए के नंबर पूछे तो जो जीएनपी ए नंबर है वो 1% जीएनपी ए नंबर है यानी की 99% हमारी एसेट्स नॉम(cid:330)ल
था, बाकी 1% हमारा जो जीएनपी ए नंबर है और कं पनी की जो नेट वथ(cid:330) है। वो 2709 करोड़जब माच(cid:330) 25 (cid:401)ोज़ िकया है उसपे
हमारी नेट वथ(cid:330) है 266 (cid:368)ांच 15 (cid:720)ेटस म(cid:336) हमारा ऑपरेशन है। अफोड(cid:337)बल हाउिज़ंग होने के कारण पांच से लेकर तीस
लाख तक के लोन के बीच म(cid:336)। हम क(cid:720)मर को मजोरली क(cid:720)मर को लोन देते ह(cid:339)। कु छ लोन पांच से नीचे भी हो सकते ह(cid:339)। कु
छ ऊपर भी से बट मेजर फोकस इस पर है तो इस दायरे से टीए टू टीए, (cid:362)ी टीए फोर माक(cid:337) ट्स को म(cid:336) अपना (cid:366)ॉड(cid:387) से(cid:671) कर
ते (cid:352)ए ड(cid:332)ाइव करते (cid:352)ए नए क(cid:720)मर अ(cid:403)ायर करते (cid:352)ए कं पनी आगे बढ़ रही है। ध(cid:586)वाद।
Sudhin Bhagwandas Choksey
Mr. Srepal Singh, you know, as Rupinder Singh shared with you, the company has done a wonderful, you know, work at expanding the asset under management over the last few years. And I am 100% confident that the team under the leadership of Rupinder Singh will con(cid:415)nue to sustain the growth which we have achieved over the past few years. And obviously, the quality of the assets as you have experienced or you have witnessed over the last two years or three years will be in the vicinity of around 1%. And I think that's almost a 99% recovery being done on a normal course of the business. And the company has so far not experienced any inferior quality of the assets. And therefore, I am confident that this progress will con(cid:415)nue. And I think you will con(cid:415)nue to get the benefit of being our shareholder.
Mr. Praveen Kumarji, I am very thankful to you that you have been our shareholder since IPO and you have been very happy to be associated with us. As we have been discussing since morning and sharing with you, you know, the company's performance and all the hard work being done by our staff members across 266 branches, which obviously during in the coming year will further expand to another of 30 to 40 branches we expect to you know set up. And I think all these growth efforts will con(cid:415)nue to make the company more prosperous and I think you will con(cid:415)nue to be our happy shareholder.
Mr. Ajay Kumar Jain, we have noted your sugges(cid:415)on that you would like to have a priority when services are being catered to you when you want to approach us as a customer. I am sure if you will get in touch with Muk(cid:415) or Rupinder Singh, I think they will ensure that you get a priority in all the services which are being given away to our customers. And I think with that, I leave it to Rupinder how he wants to celebrate his reappointment and
I am sure he is not going to disappoint you. Thank you very much. If there are any ques(cid:415)ons or any points which are le(cid:332) out or which arises following our discussion, you are most welcome to write to Muk(cid:415) at our company and we will respond to you as quickly as possible. Thank you very much. I once again value your presence this morning and on behalf of the Board of Members.
I once again thank you all
Muk(cid:415) Chaplot
Thank you, Sudhin Sir and Rupinder Sir.
All the items of business as per no(cid:415)ce have been taken up and this completes the proceedings of the 27th Annual
General mee(cid:415)ng. The e vo(cid:415)ng for the members will be opened for 15 minutes a(cid:332)er the mee(cid:415)ng is concluded. I convey our sincere thanks to all the shareholders for their con(cid:415)nued support and for a(cid:425)ending the mee(cid:415)ng today. I would like to thank the promoters, shareholders, directors, employees, auditors, regulatory authori(cid:415)es including NHB, RBI, SEBI, MCA, IRDI, NSE, BSE, depositories, debenture holders, bankers, lenders, ra(cid:415)ng agencies and RTA. I would request Sudhin Sir to conclude the mee(cid:415)ng by vote of thanks.
Sudhin Bhagwandas Choksey
Thank you all of you for joining this mee(cid:415)ng and wishing all of you and your families con(cid:415)nued well-being. Thank you, Muk(cid:415).
Muk(cid:415) Chaplot
Thank you, Sir.
I would request the KFin moderator team to open the e vo(cid:415)ng and all the board members, auditors and the company execu(cid:415)ves can log out. Thank you so much, Sir.
Thank you so much, ma'am. Thank you all the shareholders for joining the mee(cid:415)ng.