General information about company |
| Scrip code | 523465 |
| NSE Symbol | NOTLISTED |
| MSEI Symbol | NOTLISTED |
| ISIN | INE969D01012 |
| Name of the entity | IND BANK HOUSING LIMITED |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Reporting Quarter Type | Half Yearly |
| Date of Quarter Ending | 30-09-2025 |
| Type of company | Equity |
| Whether Annexure I (Part A) of the SEBI Circular dated December 31, 2024 related to Compliance Report on Corporate Governance is applicable to the entity? | No | In terms of regulation 27(2) of LODR Regulations, the listed entity is required to submit a quarterly compliance report on corporate governance in the format specified by the Board from time to time, to recognised Stock Exchange(s). n case of non-applicability of the corporate governance provisions, the listed entity shall submit a declaration to that effect, duly signed by the compliance officer or the chief executive officer accompanied by a certificate from a PCA or a PCS, to the Stock Exchange(s), at the beginning of every financial year.
As per Regulation 15(2) of SEBI (Listing Obligation and Disclosure Requirements) Regulation 2015, the compliance with the corporate governance provisions as specified in Regulation 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 26A,27 and clauses (b) to (i) and (t) of sub-regulation (2) of Regulation 46 and para-C, D and E of Schedule V shall not apply, in respect of A. The listed entity having paid up equity share capital not exceeding rupees Ten crore and net worth not exceeding rupees twenty- five crore, as on the last day of previous financial year.
The company does not fall under the purview of aforesaid regulations as the paid-up equity share capital as on 31.03.2025 is Rs.10,00,00,000/- and net worth of the company is negative for the three financial years.The accumulated losses as on 31.03.2025 is Rs 136.71 Crore and NW is Rs (120.87) Crores.
Hence coprorate Governance report Sec 27 is not applicable to Ind bank houisng Limited. In this regard company has obtained Certifcate of networth and paid up equity capital from Shri.Anandaramakrishnan Partner AR Krishnan and associates vide letter dated 28.04.2025 |
| Whether Annexure I (Part B) of the SEBI Circular dated December 31, 2024 related to Investor Grievance Redressal Report is Applicable to the entity? | Yes |
| Whether Annexure I (Part C) of the SEBI Circular dated December 31, 2024 related to Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies is Applicable to the entity? | No | Not applicablity of Diiclosure of acquisition odf shares and Acquisition of voting reights in Unlisted Company We have not acquired shares or voting riogjhts in unlisted Company |
| Whether Annexure I (Part D) of the SEBI Circular dated December 31, 2024 related to Disclosure of Imposition of Fine or Penalty is Applicable to the entity? | No | No Fine or penalty has been imposed by the regulator in this quarter ended 30th September 2025 |
| Whether Annexure I (Part E) of the SEBI Circular dated December 31, 2024 related to Disclosure of Updates to Ongoing Tax Litigations or Disputes is Applicable to the entity? | Yes | |
| Whether Annexure I (Part F) of the SEBI Circular dated December 31, 2024 related to Disclosure Of Loans / Guarantees / Comfort Letters / Securities Etc. is Applicable to the entity? | No | No loan/Guarantee/Comfort letter/Securities sanctioned either directly or indirectly to the Directors/promoters/KMP's |
| Is SCORE ID Available ? | Yes |
| SCORE Registration ID | i00045 |
| Reason For No SCORE ID | |
| Type of Submission | Original |
| Remarks (website dissemination) | |
| Remarks for Exchange (not for Website Dissemination) | |
Disclosure of Updates to Ongoing Tax Litigations or Disputes
The updates on tax litigations or disputes in terms of sub-para 8 of para B of Part A of Schedule III read with corresponding provisions of Annexure 18 of the Master Circular are given below: |
| Any Other Information for Disclosure of Updates to Ongoing Tax Litigations or Disputes | |
| Sr. No. | Name of the opposing party | Date of initiation of the litigation / dispute | Status of the litigation / dispute as per last disclosure | Current status of the litigation / dispute |
| 1 | GST Tamil Nadu | 31-08-2024 | The excess input tax credit (ITC) claimed on account of non-reconciliation of information
Under Sec 16(2)(c) every registered person shall be entitled to take credit of ITC on supply of goods or services to him
subject to the condition that the tax charged in respect of such supply has been actually paid to the Government either in
cash or through utilization of ITC admissible in respect of such supply.
It is observed that the taxpayer has not correctly availed input tax on his inward supplies on reconciliation of turnovers in
GSTR-09. Arrears of tax - Excess ITC availed | Appeal filed since the Company has reversed the ITC and has not availed any ITC since 2017. Appeal filed by IBHL and the appeal is admitted in Mar 2025. Waiting for personal hearing |
| 2 | Income Tax Department | 31-03-2006 | For AY 1999-00. The appellant filed its return of income on 30.12.1999 admitting a total loss of Rs.1,21,00,649/-. The assessment was completed u/s 143(1) on 31.03.2000. Later AO noticed that the loss returned was not correct since the accrued interest income in respect of Non-performing asset (NPAs) were not recognised in the books of account and not declared as income by the appellant. AO therefore issued notice u/s 148 on 31.08.2004 for reopening the said assessment. | Company filed appeal before the Hon'ble Madras High Court challenging levy of tax as against the ITAT Order dt 12.06.2008. The main issue contested is regarding the taxability of interest on NPA on accrual basis which , as per the NHB directives could not be recognised as income. Judgement was issued on 29.11.2021 in favour of the company and company has filed a reply to Income tax department for giving effect order on 17.04.2023. Further the details are submitted to AO on 04-07-2025. Being followed up. |
| 3 | Income Tax Department | 29-11-2013 | For Assessment year 2006-07 the income tax department has not claimed any demand(NIL) u/s 156 of Income tax act vide notice dated 29.11.2013. Later the case was reopened u/s 148.
During the reassessment, in the computation of Income, in schedule H (loan and advances) the provision for contingency withdrawn amounts to Rs.4.0724 Cr whereas we have claimed Rs.4.3358 Cr. Hence they raised as excess claim withdrawn by IBHL to the tune of Rs.26.34 lakhs is not allowable and hence raised a demand of Rs.26.34 lakhs.
| Income Tax department is adjusting the refunds against this demand. The company submitted reply in 13.02.2023, 05.08.2024 and 20.02.2025 for deleting the demand since the order dt 16.03.2022 in ITA no 462/Chny/2018 for AY 2006-07 got barred by limitation u/s 153(3) of the Act as on 31.03.2024. Subsequently the detailed has been submitted to AO on 20.06.2025. Being followed up. |