Motilal Oswal Home Finance Limited Shares

Financial Report Summary

The document is a notification from Motilal Oswal Home Finance Limited to the BSE Limited, dated April 23, 2025, regarding the outcome of a Board of Directors meeting held on Wednesday, April 23, 2025.

Key Approvals and Matters Considered:

• Audited Financial Results: The board considered and approved the audited financial results of the company for the quarter and year ended March 31, 2025.
• Issuance of NCDs: Approved the offer, issue, and allotment of Secured/Unsecured Redeemable Non-Convertible Debentures ("NCDs") of up to Rs. 1,500 Crore on a public/private placement basis, in one or more tranches, within the company's overall borrowing limits.

Enclosures Provided:

• Annexure A: Audited Financial Results for the quarter and year ended March 31, 2025, along with the Auditor's Report issued by M/s. MGB & Co. LLP, Statutory Auditors of the Company, and disclosures in compliance with Regulation 52(4) of the Listing Regulations. The Independent Auditor's Report confirms that the financial results are presented in accordance with Regulation 52 and provide a true and fair view in conformity with Indian Accounting Standards ("Ind AS"). The figures of the last quarter are the balancing figures between the audited figures in respect of the full financial year and the published year to date figures upto the end of the third quarter of the respective financial year. The predecessor audit firm had expressed an unmodified opinion on the standalone Financial Results of the Company for the quarter and year ended March 31, 2024.
• Annexure B: Declaration in respect of the Auditor's Report with Unmodified Opinion issued by M/s. MGB & Co. LLP, Statutory Auditors of the Company, under Regulation 52(3) of the Listing Regulations.
• Annexure C: Disclosures of Related Party Transactions for the half-year ended March 31, 2025, including transactions with Motilal Oswal Financial Services Limited and Motilal Oswal Finvest Limited relating to loans, interest, and expenses. The transactions are approved by the audit committee.
• Annexure D: Statement indicating the utilization of the issue proceeds of non-convertible securities and a statement disclosing material deviation(s) (if any) in the use of issue proceeds of non-convertible securities from the objects of the issue for the Quarter ended March 31, 2025, duly reviewed by the Audit Committee of the Company, in accordance with Regulation 52 (7) and 52 (7A) of the Listing Regulations. This includes details regarding the amount raised and utilized for Non-Convertible Debentures issued in January and March 2025, with no deviations reported.
• Annexure E: Certificate issued by the Statutory Auditors in accordance with Regulation 54 of the Listing Regulations, regarding the extent and nature of security created and maintained with respect to its secured listed non-convertible debt securities. MGB & Co. LLP, confirms that as at March 31, 2025, the Company has maintained security cover as per the terms of the Debenture Trust Deed.

Other Key Points:

• The company will publish the Audited Financial Results of the Company for the quarter and year ended March 31, 2025 along with the Quick Response Code for accessing the said Results in the newspaper, as per Regulation 52(8).
• The above-mentioned disclosures will be uploaded on the company website as per Regulations 51 and 62.
• The Board Meeting commenced at 04:30 P.M. and concluded at 07:15 P.M.

Financial Performance Highlights (Year Ended March 31, 2025):

• Total Income: ₹651.57 million
• Profit Before Tax: ₹166.42 million
• Profit After Tax: ₹130.26 million
• Earnings Per Share: ₹0.22
• Debt-equity ratio: 2.59
• Capital to Risk Weighted Asset Ratio (CRAR): 40.81%
• Gross non performing assets: 0.84%
• Net non performing assets: 0.37%

Key Ratios and Compliance:

• The company has complied with all the regulations prescribed to it.
• The report provides a detailed listing of several covenants such as maintenance of reserve funds, adherence to financial covenants like Capital Adequacy Ratio, and limitations on changing the nature of business or altering constitutional documents.
• The company’s financial affairs are presented in great detail for both compliance with reporting regulations and covenants.

Auditor's Conclusion:

• Based on the review, the auditors have not identified any material aspects that indicate the company has not maintained the security cover as per the terms of the Debenture Trust Deed.