SRG Housing Finance Ltd

SRG Housing Finance Limited held an investor analyst call on September 16, 2026, to address concerns raised by an article in The Economic Times alleging Rs 400 crore in siphoned funds to promoter-related entities and fictitious loan accounts. Management categorically denied these claims, stating that all loans are verified with proper documentation and that no promoter funds have been transferred. The company emphasized its strong financial position, with a capital adequacy ratio of 39.21%, a 25% increase in profit after tax for the quarter, and no defaults in repayments to lenders. The NHB audit, which is ongoing, is described as a routine process, and management assured stakeholders that the red flag would be removed once the audit concludes. The company also mentioned plans to transition from a housing finance company to a non-banking finance company to expand product offerings. Liquidity is described as strong, with a buffer of 2-3 months of repayment. Management confirmed that no lenders have requested prepayment or expressed concerns about the company's financial health. The company has communicated with lenders and rating agencies, and no rating downgrades have occurred. The audit is expected to be completed soon, after which the company will resume normal operations.

The summary presents the company's denial of allegations, financial metrics, and management's statements without indicating positive or negative bias.