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India Home Loans Ltd.

BSE: 530979 Sector: Financials
NSE: N.A. ISIN Code: INE274E01015
BSE LIVE 15:40 | 13 Dec 144.30 -0.70
(-0.48%)
OPEN

146.25

HIGH

148.75

LOW

142.50

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 146.25
PREVIOUS CLOSE 145.00
VOLUME 17648
52-Week high 161.00
52-Week low 79.90
P/E 130.00
Mkt Cap.(Rs cr) 206
Buy Price 0.00
Buy Qty 0.00
Sell Price 144.30
Sell Qty 128.00
OPEN 146.25
CLOSE 145.00
VOLUME 17648
52-Week high 161.00
52-Week low 79.90
P/E 130.00
Mkt Cap.(Rs cr) 206
Buy Price 0.00
Buy Qty 0.00
Sell Price 144.30
Sell Qty 128.00

India Home Loans Ltd. (INDIAHOME) - Director Report

Company director report

Dear Members

Your Directors are pleased to present the 27th Annual Report of the Company togetherwith the Audited Financial Statements for the year ended 31st March 2017.

SUMMARISED FINANCIAL RESULTS: Amt. in lakhs
Particulars 2016-17 2015-2016
Total Income 586.01 429.15
Total Expenditure 273.75 184.13
Pro t Before depreciation 312.26 245.02
interest and tax
Less: Depreciation 7.06 7.38
Less :Interest 165.15 109.12
Tax 41.01 42.52
Net Pro t/(Loss) After Tax 99.04 86.00

YEARLY REVIEW:

The company is registered with National Housing Bank and governed by NHB norms. The NetNPA of the company as on 31st March 2017 is 1.94%. The company has disbursed 201 loanproposals during this year amounting to Rs. 18.32 Crs. The total portfolio as on 31stMarch 2017 stands at Rs. 42.21 Crs.

TRANSFER TO RESERVES:

The Company has transferred Rs. 2497935 to Special Reserves under Sec 36(1)(viii) ofIncome Tax Act 1961 for the financial year 31st March 2017 as per audited financialstatements.

SHARE CAPITAL:

The Company has made Preferential issue and allotment of 2911755 equity shares offace value of Rs. 10/- each to identified investor as on 17th November 2016 whichresulted in increase of Paid up Share Capital of the Company to Rs. 142817550/-.

Allotment was made by Company as on 02nd December 2016 to the following investors:

Name of Allottee No. of Shares allotted
JM Financial Products Limited 1505650
Chetan Shah HUF 201105
Shailaja Shah 135000
Sonal Shah 1070000

DIVIDEND:

The Board of Directors recommend dividend at the rate of Rs. 0.10 per equity share (FVof Rs. 10 each) for the year ended 31st March 2017. The dividend on shares is subject tothe approval of the shareholders at the Annual General Meeting scheduled on 17th August2017. The total dividend (including Dividend Distribution Tax) payout works out to 17.36%of the net profit for the results.

DEPOSITS:

As on 31st March 2017 the Company held no deposit in any form from anyone. There wereno deposits held by the company as on 31st March 2017 which were overdue or unclaimed bythe depositors. For the present the Board of Directors has resolved not to accept anydeposit from public.