General Announcement::Audited Financial Results and outcome of Board Meeting

Issuer & Securities

Issuer/ Manager
INDIABULLS HOUSING FINANCE LIMITED
Securities
INDIAB HF INR13.3B8.567%191015 - XS1487891852 - 4T4B
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
24-Apr-2019 19:38:27
Status
New
Announcement Sub Title
Audited Financial Results and outcome of Board Meeting
Announcement Reference
SG190424OTHRBVM0
Submitted By (Co./ Ind. Name)
Indiabulls Housing Finance Limited
Designation
Mr. Amit Jain, Company Secretary
Description (Please provide a detailed description of the event in the box below)
Pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( Listing Regulations), we enclose hereto, for your information and record, the Audited Standalone and Consolidated Financial Results of Indiabulls Housing Finance Limited (the Company) for the quarter and financial year ended March 31, 2019, duly approved by the Board of Directors of the Company (the Board) at its meeting held today i.e. April 24, 2019 (which was commenced at 3:00 P.M. and concluded at 4:30 P.M.), along with requisite information pursuant to Regulation 52(4) and a declaration pursuant to Regulation 33(3)(d) of the Listing Regulations.

We also submit herewith Audit Reports dated April 24, 2019, issued by the Statutory Auditors of the Company, on the standalone and consolidated financial results respectively of the Company, for the financial year ended March 31, 2019, which was duly placed before the Board at the aforesaid meeting.

Pursuant to the applicable provisions of the Listing Regulations, we wish to inform you that the Board at their aforesaid meeting has declared an Interim Dividend of INR 10/- per equity share (on the face value of INR 2 per share) for the financial year 2019-20, and that the Record Date for the purpose of determining the names of members eligible for receipt of the interim dividend will be Wednesday, May 8, 2019. The dividend will be paid on or before Thursday, May 23, 2019.

Further, the Board at their aforesaid meeting has also authorised the Company to issue Secured Non-Convertible Debentures and Unsecured, Redeemable, Non-Convertible Subordinate Debt in the nature of Debentures (NCDs) upto INR 25,000 Crore and INR 1,000 Crores respectively, on private placement basis, in one or more tranches, from time to time.

The Board, subject to shareholders and applicable regulatory approvals, has approved the shifting of the registered office of the Company to its corporate and head office situated at Gurugram. The proposed shifting would enable the Company Management to monitor its business more economically, viably and efficiently and to streamline its various corporate functions at reduced cost with better administrative control, supervision and convenience which would facilitate enlarging its business operations.

Attachments

IHFL_financial_results_outcome_31032019_24042019.pdf
Total size =7362K