Key Event Details

India Home Loan Limited executed a Restructuring Agreement with IDFC FIRST Bank Limited on June 30, 2026 in respect of the existing credit facilities availed by the Company.

Purpose of Agreement

The restructuring has been undertaken to realign the repayment obligations with the Company's projected cash flows, improve liquidity management and ensure smooth servicing of the outstanding debt. The restructuring is expected to align the Company's debt servicing obligations with its projected cash flows and strengthen its liquidity position.

Financial Details

The outstanding dues restructured amount to ₹17,55,38,570, comprising:

  • Principal: ₹14,64,83,129
  • Accrued interest: ₹2,90,55,441

Significant Terms of Restructuring Agreement

1. The agreement covers an existing subordinated unsecured term loan facility.

2. The restructured amount shall be repaid in 84 equal monthly instalments together with interest, in accordance with the amortisation schedule forming part of the Agreement.

3. Interest on the restructured amount shall accrue at 12% per annum.

4. If the Company pays the first 12 instalments on or before their respective due dates, the interest rate shall stand reduced to 11% per annum.

5. Upon default in payment of any instalment after the first 12, the interest rate shall automatically revert to 12% per annum.

6. The penal interest accrued till the date of restructuring has been waived.

7. In case of any delay or default in payment under the Restructuring Agreement, the Company shall be liable to pay penal interest at 2% per annum on the overdue/defaulted amount.

Covenants and Obligations

The Company has agreed to comply with the following covenants:

  • Routing of cash flows through transaction banking accounts maintained with IDFC FIRST Bank
  • Providing details of assets held for sale on a quarterly basis
  • Creation of an exclusive charge over eligible book debts/current assets to maintain the stipulated security cover
  • Furnishing a personal guarantee of Mr. Mahesh Pujara

Relationship and Transaction Nature

  • The parties are not related to promoter/promoter group/group companies in any manner
  • The transaction does not fall within the ambit of a related party transaction
  • There is no shareholding between the entities

Shareholding Impact

There is no change in the Shareholding Pattern of the entities due to the restructuring.