INTEGRATED FILING — NBFC



General information about company

Scrip code 541336
NSE Symbol INDOSTAR
MSEI Symbol NOTLISTED
ISIN INE896L01010
Name of company Indostar Capital Finance Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 30-10-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 23-10-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Single segment
Description of single segment Financial & Investing Activities
Start date and time of board meeting 30-10-2025   14:00:00
End date and time of board meeting 30-10-2025   16:00:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
(III) Whether the company is a high value debt listed entity according to regulation 15 (1A)? Yes
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication? Yes
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 20-01-2025
Indicate Company website link for updated RPT policy of the Company https://www.indostarcapital.com/investors-corner/#investor-relations
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? Yes
No. of times funds raised during the quarter 2
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
NA


Financial Results — NBFC

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations
(i) Interest Income 31,717.00 63,170.00
(ii) Dividend Income 0.00 0.00
(iii) Rental Income 0.00 0.00
(iv) Fees and commission Income 2,872.00 4,846.00
(v) Net gain on fair value changes 1,060.00 1,978.00
(vi) Net gain on derecognition of financial instruments under amortised cost category 0.00 0.00
(vii) Sale of products (including Excise Duty) 0.00 0.00
(viii) Sale of services 0.00 0.00
(ix) Other revenue from operations
Total other revenue from operations
Total Revenue From Operations 35,649.00 69,994.00
Other income 29.00 45.00
Total income 35,678.00 70,039.00
2 Expenses
Cost of materials consumed 0.00 0.00
Purchases of stock-in-trade 0.00 0.00
Changes in inventories of finished goods, work-in-progress and stock-in-trade 0.00 0.00
Employee benefit expense 8,078.00 16,736.00
Finance costs 16,667.00 35,214.00
Depreciation, depletion and amortisation expense 766.00 1,499.00
Fees and commission expense 0.00 0.00
Net loss on fair value changes 0.00 0.00
Net loss on derecognition of financial instruments under amortised cost category 0.00 0.00
Impairment on financial instruments 5,864.00 54,903.00
(f) Other expenses
1 Other Expenses 3,256.00 7,791.00
Total other expenses 3,256.00 7,791.00
Total expenses 34,631.00 1,16,143.00
3 Total profit before exceptional items and tax 1,047.00 (46,104.00)
4 Exceptional items 0.00 1,17,595.00
5 Total profit before tax 1,047.00 71,491.00
7 Tax expense
8 Current tax 0.00 16,900.00
9 Deferred tax 0.00 0.00
10 Total tax expenses 0.00 16,900.00
11 Net Profit Loss for the period from continuing operations 1,047.00 54,591.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
17 Net profit (loss) from discontinued operation after tax 0.00 0.00
14 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
15 Total profit (loss) for period 1,047.00 54,591.00
16 Other comprehensive income net of taxes 2.00 108.00
17 Total Comprehensive Income for the period 1,049.00 54,699.00
18 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
19 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
20 Details of equity share capital
Paid-up equity share capital 13,671.00 13,671.00
Face value of equity share capital 10 10
21 Reserves excluding revaluation reserve
22 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings per share from continuing operations 0.77 39.99
Diluted earnings per share from continuing operations 0.74 38.48
ii Earnings per equity share for discontinued operations
Basic earnings per share from discontinued operations 0 0
Diluted earnings per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings per share 0.77 39.99
Diluted earnings per share 0.74 38.48
23 Debt equity ratio 1.4300 1.4300
24 Debt service coverage ratio
25 Interest service coverage ratio
26 Disclosure of notes on financial results Textual Information(1)


Remarks

23 Debt equity ratio
24 Debt service coverage ratio
25 Interest service coverage ratio


Text Block

Textual Information(1) 3. The financial results of IndoStar Capital Finance Limited (ICFL or the Company) have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under Section 133 of the Companies Act 2013 (the Act) read with the Companies (Indian Accounting Standard) Rules, 2015, amended from time to time, the Reserve Bank of India (“RBI”) guideline and other accounting principal generally accepted in India in compliance with Regulation 33 and Regulation 52 read with Regulation 63(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended and have been reviewed by the Audit Committee and subsequently approved at the meeting of the Board of Directors held on 30 October 2025. The statutory auditors have conducted limited review and issued an unmodified conclusion on the standalone financial results for the quarter and half year ended 30 September 2025. 4. The Secured Listed Non-Convertible Debentures of the Company as on 30 September 2025 are secured by first pari-passu charge on standard receivables and / or cash / cash equivalent and / or such other asset as mentioned in the respective offer documents. The total asset cover required for secured listed non-convertible debentures has been maintained as per the terms and conditions stated in the respective offer documents. 5. Disclosure pursuant to RBI Notification - RBI/DOR/2021-22/86/DOR.STR.REC.51/21.04.048/2021-22 dated 24 September 2021, as amended, on Transfer of Loan Exposures are given below: a. Details of stressed loans transferred during the period half year ended 30 September 2025 To Asset Reconstruction Companies (ARC) NPA : 'Number of accounts - 1838 'Aggregate principal outstanding of loans transferred* - 11,887 'Weighted average residual tenor of the loans transferred (in months) - 28 'Net book value of loans transferred (at the time of transfer) - 7,313 Aggregate consideration – 10,936 Additional consideration realized in respect of accounts transferred in earlier years - Nil Recovery Rating - Unrated SMA : 'Number of accounts - 1,893 'Aggregate principal outstanding of loans transferred* - 12,059 'Weighted average residual tenor of the loans transferred (in months) - 31 'Net book value of loans transferred (at the time of transfer) - 11,780 Aggregate consideration – 11,094 Additional consideration realized in respect of accounts transferred in earlier years – Nil Recovery Rating - Unrated *excluding technical write offs b. Details of stressed loans acquired during the period half year ended 30 September 2025: NPA : 'Aggregate principal outstanding of loans acquired - Nil 'Aggregate consideration paid - Nil 'Weighted average residual tenor of the loans acquired (in months) - Nil SMA : 'Aggregate principal outstanding of loans acquired - 587 'Aggregate consideration paid - 587 'Weighted average residual tenor of the loans acquired (in months) - 15 6. 'Disclosure on Resolution Framework - 2.0: Resolution of Covid-19 related stress of Individuals and Small Businesses in terms of RBI circular RBl/2021-22/31 DOR.STR.REC.ll/21.04.048/2021-22 dated 05 May 2021 (Resolution Framework- 2.0): 1. Type of borrower: Personal Loans a) Exposure to accounts classified as Standard consequent to implementation of resolution plan - Position as at the end of the previous half-year (A) - NIL b) Of (A), aggregate debt that slipped into NPA during the half-year (B) c) Of (A) amount written off during the half-year (C) - NIL d) Of (A) amount paid by the borrowers during the half-year (D) - NIL e) Exposure to accounts classified as Standard consequent to implementation of resolution plan - Position as at the end of this half-year (E) - NIL 2. Type of borrower: Corporate Persons a) Exposure to accounts classified as Standard consequent to implementation of resolution plan – Position as at the end of the previous half-year (A) - NIL b) Of (A), aggregate debt that slipped into NPA during the half-year (B) – NIL c) Of (A) amount written off during the half-year (C) - NIL d) Of (A) amount paid by the borrowers during the half-year (D) - NIL e) Exposure to accounts classified as Standard consequent to implementation of resolution plan - Position as at the end of this half-year (E) - NIL 3. Type of borrower: of which MSMEs a) Exposure to accounts classified as Standard consequent to implementation of resolution plan – Position as at the end of the previous half-year (A) – NIL b) Of (A), aggregate debt that slipped into NPA during the half-year (B) – NIL c) Of (A) amount written off during the half-year (C) - NIL d) Of (A) amount paid by the borrowers during the half-year (D) – NIL e) Exposure to accounts classified as Standard consequent to implementation of resolution plan – Position as at the end of this half-year* (E) - NIL 4. Type of borrower: Others^ a) Exposure to accounts classified as Standard consequent to implementation of resolution plan – Position as at the end of the previous half-year (A) - 524 b) Of (A), aggregate debt that slipped into NPA during the half-year (B) - 3 c) Of (A) amount written off during the half-year (C) - 2 d) Of (A) amount paid by the borrowers during the half-year (D) - 131 e) Exposure to accounts classified as Standard consequent to implementation of resolution plan – Position as at the end of this half-year* (E)- 388 ^ Others include vehicle loans and small business loans 7. The Board of Directors of the Company in its meeting held on 19 September 2024 had considered and approved, inter-alia, subject to shareholders, regulatory and other approvals, sale of the Company’s shareholding in Niwas Housing Finance Private Limited (“NHFPL”) (Formerly IndoStar Home Finance Private Limited), a debt-listed material subsidiary of the Company, to WITKOPEEND B.V. (the “Purchaser”) for an aggregate consideration of Rs. 1,70,595 lakhs in accordance with the terms of the share purchase agreement dated 19 September 2024 (SPA) among the Company, NHFPL and the Purchaser. Subsequently, the Shareholders' approval was obtained on 26 October 2024. The Reserve Bank of India (RBI) accorded its approval on 21 March 2025. During the quarter ended 30 June 2025, National Housing Bank (“NHB”) as a Lender to NHFPL has given No Objection for the change in shareholding dated 30 May 2025 and the Company has received other requisite approvals. Further the Company and NHFPL has issued Condition Precedent (“CP”) Fulfilment Notice dated 24 June 2025 and the Purchaser has issued CP Fulfilment Notice dated 26 June 2025. The Company, the Purchaser and NHFPL has complied with Condition Precedent to sale in terms of the SPA. Accordingly, the transaction becomes obligatory on all the parties on 26 June 2025. Consequently, the Company recorded a gain of Rs. 1,17,595 lakhs, as Exceptional Items, in the Standalone financial results on divestment of NHFPL after adjusting Cost of Investment and expenses incurred on the sale transaction for the quarter ended 30 June 2025. During the quarter ended 30 September 2025, the Company received the consideration and share transfer process was completed on 17 July 2025. 8. Information as required by Regulations 52(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, is attached as Annexure 1. 9. The Company during the quarter and half year ended 30 September 2025 has allotted 35,249 and 610,802 equity shares of Rs. 10 each fully paid respectively, on exercise of stock options by employees, in accordance with the Company's Employee Stock Option Schemes. 10. The Company is engaged primarily in the business of financing in India and accordingly, there are no separate operating segments as per Ind AS 108 dealing with Operating Segments. 11. The figures for the quarter ended 30 September 2025 are the balancing figures between unaudited figures for the half year ended 30 September 2025 and unaudited figures for the quarter ended 30 June 2025. The figures for the quarter ended 30 September 2024 are the balancing figures between unaudited figures for the half year ended 30 September 2024 and unaudited figures for the quarter ended 30 June 2024. 12. All amounts disclosed in financial results have been rounded off to the nearest lakhs. 13. Figures for the previous periods / year have been regrouped, and / or reclassified wherever considered necessary to make them comparable to the current periods / year presentation.


Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 30-09-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 71,491.00
Adjustments for reconcile profit (loss)
Adjustments for finance costs 35,214.00
Adjustments for decrease (increase) in inventories 0.00
Adjustments for decrease (increase) in trade receivables, current 0.00
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 0.00
Adjustments for decrease (increase) in other non-current assets 96.00
Adjustments for other financial assets, non-current (15,736.00)
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current (4.00)
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 0.00
Adjustments for increase (decrease) in other non-current liabilities (126.00)
Adjustments for depreciation and amortisation expense 1,499.00
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 0.00
Adjustments for provisions, non-current 55,080.00
Adjustments for other financial liabilities, current (12,979.00)
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for interest income 63,170.00
Adjustments for share-based payments 596.00
Adjustments for fair value losses (gains) (1,19,574.00)
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow (5.00)
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 0.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (1,19,109.00)
Net cash flows from (used in) operations (47,618.00)
Dividends received 0.00
Interest paid 29,562.00
Interest received 61,438.00
Income taxes paid (refund) 8,590.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities (24,332.00)
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 1,70,595.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 6.00
Purchase of property, plant and equipment 418.00
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 546.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 0.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (25,299.00)
Net cash flows from (used in) investing activities 1,44,338.00
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 1,091.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 65,000.00
Proceeds from borrowings 93,872.00
Repayments of borrowings 2,85,130.00
Payments of lease liabilities 538.00
Dividends paid 0.00
Interest paid 0.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities (1,25,705.00)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (5,699.00)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents (5,699.00)
Cash and cash equivalents cash flow statement at beginning of period 9,192.00
Cash and cash equivalents cash flow statement at end of period 3,493.00




Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 30-09-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
Assets
1 Finanical Asset
Cash and cash equivalents 3,493.00
Bank Balance other than (a) above 32,310.00
Derivative financial instruments 0.00
Receivables
(I) Trade Receivables 0.00
(II) Other Receivables 0.00
Loans 6,98,462.00
Investments 1,98,911.00
Other Financial assets 9,228.00
Total Financial Assets 9,42,404.00
2 Non Financial Asset
Inventories 0.00
Current tax assets (Net) 9,015.00
Deferred tax Assets (Net) 31,675.00
Investment Property 0.00
Biological assets other than bearer plants 0.00
Property, Plant and Equipment 5,288.00
Capital work-in-progress 0.00
Intangible assets under development 0.00
Goodwill 30,019.00
Other Intangible assets 724.00
Other non-financial assets (to be specified) 3,526.00
Total Non Financial Assets 80,247.00
Total assets 10,22,651.00
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 13,671.00
Other equity 3,85,327.00
Total equity attributable to owners of parent 3,98,998.00
Non controlling interest
Total equity 3,98,998.00
2 Liabilities
2.1 Financial Liabilities
(a) Derivative financial instruments 0.00
(b) Payables 0.00
(I)Trade Payables
(i) total outstanding dues of micro enterprises and small enterprises 3.00
(ii) total outstanding dues of creditors other than micro enterprises and small enterprises 1.00
II) Other Payables
(i) total outstanding dues of micro enterprises and small enterprises 0.00
(ii) total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
(C ) Debt Securities 3,23,713.00
(d) Borrowings (Other than Debt Securities) 2,47,153.00
(e) Deposits 0.00
(f) Subordinated Liabilities 0.00
(g) Other financial liabilities 34,887.00
Total Financial Liabilities 6,05,757.00
2.2 Non-Financial Liabilities
(a) Current tax liabilities (Net) 16,187.00
(b) Provisions 1,089.00
(C ) Deferred tax liabilities (Net) 0.00
(d) Other non-financial liabilities 620.00
Total Non Financial Liabilities 17,896.00
Total liabilities 6,23,653.00
Total equity and liabilites 10,22,651.00
Disclosure of notes on assets and liabilities


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets
Net Segment Asset
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities
Net Segment Liabilities
Disclosure of notes on segments


Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurements of the defined benefit plans -1900000 -5800000
Total Amount of items that will not be reclassified to profit and loss -1900000 -5800000
2 Income tax relating to items that will not be reclassified to profit or loss 0.00 0.00
3 Amount of items that will be reclassified to profit and loss
1 Debt instruments through other comprehensive income 2100000 16600000
Total Amount of items that will be reclassified to profit and loss 2100000 16600000
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 2.00 108.00




Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)

Amount in (Lakhs)

Mode of Fund Raising Preferential Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 26-05-2024
Amount Raised 4,999.00
Report filed for Quarter ended 30-09-2025
Monitoring Agency Applicable
Monitoring Agency Name, if applicable CRISIL Ratings Limited
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation NA
Comments of the Audit Committee after review NA
Comments of the auditors, if any NA
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (2)

Amount in (Lakhs)

Mode of Fund Raising Preferential Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 26-11-2024
Amount Raised 20,533.40
Report filed for Quarter ended 30-09-2025
Monitoring Agency Applicable
Monitoring Agency Name, if applicable CRISIL Ratings Limited
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation NA
Comments of the Audit Committee after review NA
Comments of the auditors, if any NA
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any


Signatory Details

Name of signatory Shikha Jain
Designation of person Company Secretary and Compliance Officer
Place Mumbai
Date 30-10-2025




Amount in (Lakhs)

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity /subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Niwas Housing Finance Private Limited (Formerly known as IndoStar Home Finance Private Limited) Shreejit Menon Chief Executive Officer Remuneration Approve by NRC/Audit Committee/Board of Directors 156.83 0.00 0.00
2 Niwas Housing Finance Private Limited (Formerly known as IndoStar Home Finance Private Limited) Pushkar Joshi Chief Financial Officer Remuneration Approve by NRC/Audit Committee/Board of Directors 45.84 0.00 0.00
3 Niwas Housing Finance Private Limited (Formerly known as IndoStar Home Finance Private Limited) PANTH YOGESH JOSHI Company Secretary Remuneration Approve by NRC/Audit Committee/Board of Directors 7.34 0.00 0.00
4 IndoStar Capital Finance Limited Niwas Housing Finance Private Limited (Formerly known as IndoStar Home Finance Private Limited) Subsidiary Any other transaction Reimbursement of Expense Approve by NRC/Audit Committee/Board of Directors 0.00 348.00 0.00
5 IndoStar Capital Finance Limited Sujatha Mohan Non Executive Independent Director Any other transaction Sitting Fees Approve by NRC/Audit Committee/Board of Directors 3.82 0.00 0.00
6 IndoStar Capital Finance Limited Hemant Kaul Non Executive Independent Director Any other transaction Sitting Fees Approve by NRC/Audit Committee/Board of Directors 6.05 0.00 0.00
7 IndoStar Capital Finance Limited Naina Krishnamurthy Non Executive Independent Director Any other transaction Sitting Fees Approve by NRC/Audit Committee/Board of Directors 4.52 0.00 0.00
8 IndoStar Capital Finance Limited Karthikeyan Srinivasan Chief Executive Officer (till 11 May 2025) Remuneration Approve by NRC/Audit Committee/Board of Directors 28.57 0.00 0.00
9 IndoStar Capital Finance Limited Jayesh Jain Chief Financial Officer Remuneration Approve by NRC/Audit Committee/Board of Directors 103.19 0.00 0.00
10 IndoStar Capital Finance Limited Randhir Singh Managing Director & Executive Vice Chairman Remuneration Approve by NRC/Audit Committee/Board of Directors 167.73 0.00 0.00
11 IndoStar Capital Finance Limited Shikha Jain Company Secretary Remuneration Approve by NRC/Audit Committee/Board of Directors 10.19 0.00 0.00
Total value of transaction during the reporting period 534.08