Interim report
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Regd. Office: 9th Floor, Antriksh Bhawan, 22 K G Marg, New Delhi – 110 001 Phone: 011-66030500, E-mail: investor.services@pnbhousing.com, Website: www.pnbhousing.com CIN: L65922DL1988PLC033856 Public PNBHFL/SE/EQ/FY2026-27/89 October 28, 2026 BSE Limited Listing Department, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001 Scrip Code: 540173 National Stock Exchange of India Limited Listing Department Exchange Plaza Bandra Kurla Complex, Bandra (E), Mumbai – 400051 Symbol: PNBHOUSING Dear Sir(s), Sub: Outcome of Board Meeting - Submission of Un-audited Financial Results (Consolidated a nd Standalone) for the quarter and half year ended September 30, 2026 Ref: Our letter: PNBHFL/SE/EQ/FY2026-27/86 dated October 16, 2026 ----------------- The Board of Directors of PNB Housing Finance Limited (the Company) at its meeting held today i.e., October 28, 202 6 (Wednesday), has, inter-alia, approved the Un-audited Financial Results ( Consolidated and Standalone) of the Company for the quarter and half year ended September 30, 2026, duly reviewed and recommended by the Audit Committee, along with the Limited Review Report issued by M/s. C N K & Associates LLP and M/s M M Nissim & Co LLP, Joint Statutory Auditors of the Company. In this regard, the Company is submitting the following documents pertaining to the quarter and half year ended September 30, 2026: Sl. No. Particulars Annexure 1. Un-audited Consolidated Financial Results along with Limited Review Report issued by Joint Statutory Auditors of the Company. I 2. Un-audited Standalone Financial Results along with Limited Review Report issued by Joint Statutory Auditors of the Company. II 3. Additional disclosure of ratios/ line items pursuant to Regulation 52(4) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) III 4. Statement of Related Party Transactions pursuant to Regulation 23 (9) of Listing Regulations IV 5. Security Cover Certificate from M/s. C N K & Associates LLP, one of the Joint Statutory Auditors pursuant to Regulation 54(2)/(3) of Listing Regulations. V 6. Statement on Utilisation of Issue Proceeds and Nil Material Deviation in Use of Proceeds pursuant to Regulations 52(7) and 52(7A) of the SEBI Listing Regulations. VI 7. A certificate from the CFO certifying that CP proceeds are used for disclosed purposes, and adherence to other listing conditions, as per SEBI Master Circular SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/ 0000000137 dated October 15, 2025. VII The aforesaid documents are also being uploaded on the website of the Company i.e., https://www.pnbhousing.com The above intimation is submitted pursuant to Regulation 30, 33, 51, 52 and other applicable provisions of Listing Regulations, as amended from time to time.
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Regd. Office: 9th Floor, Antriksh Bhawan, 22 K G Marg, New Delhi – 110 001 Phone: 011-66030500, E-mail: investor.services@pnbhousing.com, Website: www.pnbhousing.com CIN: L65922DL1988PLC033856 Public We further wish to inform that the Trading Window for dealing in the shares of the Company will open for the designated persons and their relatives 48 hours after declaration of this financial results, in terms of the Company’s Code of Conduct for Prohibition of Insider Trading and the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015 and amendments thereto. The Board Meeting commenced at 02:00 P.M. (IST) and concluded at 03:45 P.M. (IST). Kindly take the above intimation and documents on record. Thanking you, Yours faithfully, For PNB Housing Finance Limited Veena G Kamath Company Secretary Encl: As above.
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M M Nissim & Co LLP Chartered Accountants C-2, First Floor, Sector 2, Noida -201301 C N K & Associates LLP Chartered Accountants 501, Narain Chambers, M.G Road, Vile Parle East Mumbai -400057 Independent Auditor's Review report on Unaudited Consolidated Financial Results of PNB Housing Finance Limited ("the Company") for the quarter and half year ended September 30, 2026, pursuant to the Regulations 33 and 52 of the SEBI (Listing Obligations and Disclosure requirements) Regulations, 2015 as amended. To The Board of Directors of PNB Housing Finance Limited 1. We have reviewed the accompanying statement of unaudited consolidated financial results of PNB Housing Finance Limited ("the Holding Company") and its subsidiary (the Holding Company and its subsidiary together referred to as the "the Group"),for the quarter and half year ended September 30, 2026 ("the Statement"), being submitted by the Company pursuant to the requirements of the Regulations 33 and 52 of the Securities and Exchange Board of India (Listing Obligations and Disclosure requirements) Regulations, 2015, as amended ("the Listing Regulations"). 2. This Statement, which is the responsibility of the Holding Company's Management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulations 33 and 52 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended along with the circulars, guidelines and directions issued by the Reserve Bank of India(RBI)/ National Housing Bank (NHB) to the extent applicable. Our responsibility is to express a conclusion on the Statement based on our review; 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all 1
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M M NISSIM & CO LLP C N K & Associates LLP Chartered Accountants Chartered Accountants significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion; We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33 (8) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, to the extent applicable. 4. The Statement includes the financial results of the below subsidiary: Name of Subsidiary Company Country of Incorporation % Holding PHFL Home Loans and Services Limited India 100% 5. Based on our review conducted and procedures performed as stated in paragraph 3 above, and based on the Financial Information of one subsidiary provided to us by the Management of the Holding Company, referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulations 33 and 52 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. Other Matters: 6. The accompanying statement includes interim financial results/information of one subsidiary, which was not reviewed by us, which reflect, total assets (before consolidation adjustments) of Rs. 100.51 crore, total revenues (before consolidation adjustments) of Rs. 74.41 crore and Rs. 147.92 crore for the quarter and half year ended September 30, 2026 , total net profit after tax (before consolidation adjustments) of Rs. 3.21 crore and Rs. 7.13 crore for the quarter and half year ended September 30, 2026, total comprehensive income (before consolidation adjustments) of Rs. 3.59 crore and Rs. 7.16 crore for the quarter and half year ended September 30, 2026 respectively, and net cash outflow (before consolidation adjustments) of Rs. 0.06 crore for the half year ended September 30, 2026, as considered in the unaudited consolidated financial results. This interim financial results/financial information of the subsidiary have been reviewed by other auditor, whose report has been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of this subsidiary, is based solely on the report of such other auditor. 2
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M M NISSIM & CO LLP Chartered Accountants C N K & Associates LLP Chartered Accountants 7. Our conclusion on the Statement is not modified in respect of the above matters with respect to our reliance on the work done and the reports of the other auditor in Para 6 above. For M M Nissim & Co LLP Chartered Accountants Firm Registration No. 107122W/W100672 Navin Kumar Jain Partner Membership No. 090847 UDIN: 26090847IKWXGI2639 Place: Gurugram Date: October 28, 2026 For C N K & Associates LLP Chartered Accountants Firm Registration No. 101961W/W-100036 Hiiren Shah Partner Membership No. 100052 UDIN: 26100052MTPBQO8720 Place: Gurugram Date: October 28, 2026 3
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eihar Ki (3acct- Statement of consolidated interim financial results for the quarter and half year ended September 30, 2026 S. no. Particulars Quarter ended Half year ended Year ended 30-Sep-26 30-Jun -26 30-Sep-25 30-Sep-26 30-Sep-25 31-Mar-26 (Unaudited) (Unaudited) (Audited) (Unaudited) (Audited) (Audited) (i) (ii) (iii) Revenue from operations Interest income Fees and commission income Net gain on fair value changes 2,289.20 130.51 3.44 2,138.43 121.78 3.23 2,017.45 96.18 14.23 4,427.63 252.29 6.67 3,997.80 177.89 28.28 8,071.17 394.50 38.85 I Total revenue from operations 2,423.15 2,263.44 2,127.86 4,686.59 4,203.97 8,504.52 II Other income 0.80 1.92 2.74 2.72 8.50 0.52 III Total income (1+11) 2,423.95 2,265.36 2,130.60 4,689.31 4,212.47 8,505.04 (i) (ii) (iii) (iv) (v) (vi) Expenses Finance cost Impairment on financial instruments & write-offs" Employee benefits expense Fees and commission expense Depreciation, amortisation and impairment Other expenses 1,414.66 (47.56) 138.96 4.39 16.78 100.11 1,338.63 (29.14) 134.67 3.29 16.36 83.11 1,266.97 (113.18) 109.22 0.36 16.40 91.19 2,753.29 (76.70) 273.63 - 7.68 33.14 183.22 2,501.34 (169.40) 227.23 3.80 31.10 170.84 5,000.24 (386.15) 486.70 11.26 66.48 355.90 IV Total expenses 1,627.34 1,546.92 1,370.96 3,174.26 2,764.91 5,534.43 V Profit before tax (III-IV) 796.61 718.44 759.64 1,515.05 1,447.56 2,970.61 Tax expense: -Current tax -Deferred tax (charge/(credit)) 178.51 1.55 153.63 7.47 148.38 29.67 332.14 9.02 280.36 52.11 581.47 97.90 VI Total tax expense 180.06 161.10 178.05 341.16 332.47 679.37 VII Net profit after tax (V-VI) 616.55 557.34 581.59 1,173.89 1,115.09 2,291.24 VIII Other comprehensive income A (i) Items that will not be reclassified to profit or loss: Remeasurement gain/ (loss) on defined benefit plan 2.49 (0.93) 0.22 1.56 (1.14) 0.84 (ii) Income tax relating to items that will not be reclassified to profit or loss (0.62) 0.23 (0.05) (0.39) 0.29 (0.21) B (i) Items that will be reclassified to profit or loss: Cash flow hedge 47.91 10.09 12.33 58.00 129.67 194.94 (ii) Income tax relating to items that will be reclassified to profit or loss (12.06) (2.54) (3.11) (14.60) (32.64) (49.06) IX Total comprehensive income (VII+VIII) 654.27 564.19 590.98 1,218.46 1,211.27 2,437.75 X Profit for the period / year, net of tax attributable to Owners of the parent Non-controlling interest 616.55 - 557.34 - 581.59 - 1,173.89 - 1,115.09 - 2,291.24 - XI Other comprehensive income/(loss) for the period / year, net of tax attributable to Owners of the parent Non-controlling interest 37.72 - 6.85 - 9.39 - 44.57 - 96.18 - 146.51 - XII Total comprehensive income for the period / year, net of tax attributable to Owners of the parent Non-controlling interest 654.27 - 564.19 - 590.98 - 1,218.46 - 1,211.27 - 2,437.75 - Earnings per share (of ₹ 10 each)* -Basic (₹) -Diluted (₹) 23.65 23.59 21.39 21.33 22.34 22.29 45.04 44.92 42.86 42.77 88.01 87.80 Paid-up equity share capital (Face value of ₹ 10) 260.80 260.59 260.51 260.80 260.51 260.55 Reserves (excluding revaluation reserves) as at March 31 18,958.58 #Net of reversal of impairment allowance / bad debts (includes recovery from sale of security receipts amounting to ₹ 123.90 crore for the year ended March 31, 2026) recovery on sale of loan assets including fair value changes on investment in security receipts. * EPS for the quarters/half year are not annualised. vi* OM 04: 9T 3-1-4-9., 22, ct) \V GI I Trl£ft 411,i, z ft -At - 110001 Regd. Office: 9th Floor, Antriksh Bhawan, 22 Kasturba Gandhi Marg, New Delhi - 110 001 Toll Free: 1800 120 8800, Email: customercare@pnbhousing.com, Website: www.pnbhousing.com CIN: L65922Cyl„p108PLC033856
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Continuation Sheet... Consolidated Interim Statement of Assets and Liabilities (₹ in crore) S. no. Particulars As at 30-Sep -26 31-Mar-26 (Unaudited) (Audited) ASSETS 1 Financial assets (a) Cash and cash equivalents 2,004.22 2,483.06 (b) Bank balance other than (a) above 317.30 856.15 (c) Derivative financial instruments 316.72 270.41 (d) Receivables Trade receivables 58.82 46.92 Other receivables 0.02 0.12 (e) Loans 94,124.48 86,433.37 (f) Investments 3,708.10 2,778.81 (g) Other financial assets 764.97 288.72 Sub total - financial assets 1,01,294.63 93,157.56 2 Non - financial assets (a) Current tax assets (net) 13.91 - (b) Deferred tax assets (net) 0.01 23.99 (c) Investment property 0.51 0.51 (d) Property, plant and equipment 80.72 83.39 (e) Right of use assets 158.04 157.93 (f) Capital work-in-progress 3.75 1.38 (g) Intangible assets under developments 5.84 4.65 (h) Other Intangible assets 30.87 32.24 (i) Other non-financial assets 49.82 50.42 Sub total - non - financial assets 343.47 354.51 TOTAL - ASSETS 1,01,638.10 93,512.07 LIABILITIES 1 Financial liabilities (a) Derivative financial instruments 15.14 4.14 (b) Payables (I) Trade Payables (i) total outstanding dues of micro enterprises and small enterprises 2.70 1.85 (ii) total outstanding dues of creditors other than micro enterprises and small enterprises 26.09 12.68 (II) Other Payables (i) total outstanding dues of micro enterprises and small enterprises - - (ii) total outstanding dues of creditors other than micro enterprises and small enterprises - - (c) Debt securities 13,456.79 9,270.38 (d) Borrowings (other than debt securities) 48,396.34 43,543.17 (e) Deposits 17,704.04 18,055.39 (f) Subordinated liabilities 39.67 329.66 (g) Other financial liabilities 1,624.15 2,866.55 Sub total - financial liabilities 81,264.92 74,083.82 2 Non financial liabilities (a) Current tax liabilities - 7.68 (b) Provisions 37.05 35.62 (c) Other non-financial liabilities 86.94 165.82 Sub total - non financial liabilities 123.99 209.12 3 EQUITY (a) Equity share capital 260.80 260.55 (b) Other equity 19,988.39 18,958.58 Subtotal - equity 20,249.19 19,219.13 TOTAL - EQUITY AND LIABILITIES --41- 1,01,638.10 93,512.07 Internal
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Continuation Sheet... Consolidated Interim Statement of Cash Flow For the halfyear ended Particulars 30-Sep-26 30-Sep-25 (Unaudited) (Audited) Cash flow from operating activities Profit before tax 1,515.05 1,447.56 Adjustment to reconcile profit before tax to net cash flows: Depreciation, amortisation and impairment 33.14 31.10 Net loss/(profit) on sale of property, plant and equipment 0.16 0.45 Impairment on financial instruments 41.27 (187.46) Net (gain)/loss on financial asset at fair value through profit and loss 1.36 (5.32) Share based payment expense 11.90 0.52 Impact of effective interest rate on financial assets (88.97) (56.47) Impact of effective interest rate on financial liabilities 5.50 (2.08) Interest expenses 2,746.71 2,495.48 Unwinding/(income) on derecognised (assigned) loans 41.07 20.04 Loss/ (gain) on restructured financial assets 2.99 5.35 Interest on leases including mcdification gain / (loss) 5.83 5.18 Bad debts written-off 22.98 99.21 2,823.94 2,406.00 Operating profits before changes in working capital 4,338.99 3,853.56 Working Capital changes Increase/(decrease) in trade payables 14.26 5.30 Increase/(decrease) in provisions 2.99 8.70 (Decrease)/increase in other financial liabilities (2,047.28) (1,257.39) (Decrease)/increase in non financial liabilities (78.88) (135.70) (Increase)/decrease in loans at amortised cost (7,666.14) (4,050.37) (Increase)/decrease in in receivables (11.84) 18.63 (Increase)/decrease in other financial assets (517.20) 3.01 Decrease/(increase) in other non financial assets 0.60 (5.00) Decrease /(increase) in bank balance other than cash and cash equivalents 538.85 (231.48) (9,764.64) (5,644.30) Cash (used in)/ generated from operations before adjustments for interest and taxes paid (5,425.65) (1,790.74) Interest Paid (1,944.18) (1,826.89) Taxes paid (net of refunds) (355.58) (252.96) Net cash (used in) I generated from operating activities (7,725.41) (3,870.59) Cash flow from investing activities Purchase of property, plant and equipment and other intangible assets including capital work-in-progress and intangible assets under development (15.83) (16.29) Proceeds from sale of property, plant and equipment and other intangible assets 0.19 0.52 Investments (net) (933.97) 286.57 Net cash (used in)/generated from investing activities (949.61) 270.80 Cash flow from financing activities Proceeds from Debt securities and subordinated liabilities 1,697.99 1,100.00 Borrowing from banks 32,853.38 14,918.45 Commercial papers 18,357.27 7,324.20 Repayment of Debt securities and subordinated liabilities (710.00) - Borrowing from banks (27,984.25) (13,968.98) Commercial papers (15,450.00) (7,000.00) Deposits (net) (348.76) 616.28 Lease liabilities (20.97) (19.26) Proceeds from issue of share capital including securities premium 9.99 27.76 Dividend paid (208.47) (130.23) Net cash generated from/ (used in) financing activities 8,196.18 2,868.22 Net changes in cash & cash equivalents (478.84) (731.57) Cash or cash equivalents at the beginning of the period 2,483.06 2,062.50 Cash or cash equivalents at the end the of the period 2,004.22 1,330.93 Net decrease of cash & cash equivalents during the period (478.84) (731.57) Note : Figures in bracket denotes application of cash ₹ in crore Components of cash and cash equivalents As at 30-Sep-26 30-Sep-25 (Unaudited) (Audited) Cash on hand 0.92 1.08 Balances with banks in current accounts 398.24 815.58 Bank deposit with maturity of 3 months or less 680.45 514.39 Certificate of deposits with maturity of 3 months or less 924.61 - Stamps on hand . Less: Overdraft facilities 0.00 - 0.00 (0.12) Cash or cash equivalents at the end of the period 2,004.22 1,330.93 Internal
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Continuation Sheet... Notes: 1. The above consolidated interim financial results of the Company and its wholly owned subsidiary Companies (herewith referred to as "Company") have been prepared in accordance with Indian Accounting Standards ('Ind AS') prescribed under Section 133 of the Companies Act 2013 (the "Act"), read with Companies (Indian Accounting Standards) Rules, 2015 as amended from time to time and other accounting principles generally accepted in India and are in compliance with Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations") along with the circulars, guidelines and directions issued by the Reserve Bank of India (RBI)/ National Housing Bank (NHB) to the extent applicable. There are no changes in the accounting policies during the current reported period as compared to the corresponding periods / years. 2. The consolidated interim financial results have been prepared in accordance with Ind AS 110 — Consolidated Financial Statements, prescribed under section 133 of the Companies Act, 2013, read with the relevant rules issued thereunder and the other relevant provisions of the Act. The Company is having following subsidiaries: Name of the Company Shareholding & voting power Remarks PHFL Home Loans and Services Limited 100% Considered in consolidated financial results Pehel Foundation 100% Registered as a charitable organisation under Section 8 of the Companies Act, 2013 and it is prohibited to give any right over its profits to any of its members, hence not considered for consolidation. 3. The Company's main business is to provide loans against/for purchase, construction, repairs & renovations of houses/ flats/commercial properties etc. All other activities of the Company revolve around the main business. As such, there are no separate reportable segment, as per the Operating Segments (Ind AS 108), notified by the Companies (Accounting Standard) Rules, 2015, as amended. 4. Disclosure pertaining to Resolution Framework for COVID-19-related Stress and resolution Framework - 2.0: Resolution of Covid-19 related stress of Individuals and Small Businesses to be read with Reserve Bank of India (Non Banking Financial Companies - Resolution of Stressed Assets) Directions, 2025, RBI/DOR/2025-26/357 DOR.STR.REC.276/21.04.048/2025-26, dated November 28, 2025. (₹ in crore) Type of Borrower Exposure to accounts classified as Standard consequent to implementation of resolution plan — Position as at the end of the previous half- year (A) ($) Of (A), aggregate debt that slipped into NPA during the half-year Of (A) amount written off during the half-year Of (A) amount paid by the borrowers during the half- year Exposure to accounts classified as Standard consequent to implementation of resolution plan — Position as at the end of this half-year (@) Personal Loans' 790.11 67.13 3.90 69.09 649.99 Corporate persons - - - of which, MSMEs - - - - - Others^ - - - - - Total 790.11 67.13 3.90 69.09 649.99 * Retail loans $ Principal outstanding as at the end of the previous half year (i.e. as on March 31, 2026). @ Principal outstanding (including capitalised interest, disbursement) for the live restructured accounts as on September 30, 2026. ^Corporate finance loans 5. Disclosure of loans transferred / acquired during the quarter and half year ended September 30, 2026, pursuant to RBI Notification dated November 28, 2025,"Reserve Bank of India (Non-Banking Financial Companies - Transfer and Distribution of Credit Risk) Directions, 2025" and "Reserve Bank of India (Non- Banking Financial Companies — Financial Statements: Presentation and Disclosures) Directions, 2025" are given below: (ia) Detail of loans transferred not in default (through PTC) during the quarter and half year ended September 30, 2026. Particulars Quarter ended September 30, 2026 Half year ended September 30, 2026 Number of accounts 924 924 Aggregate principal outstanding of loan transferred (₹ in crore) 207.19 207.19 Weighted average residual tenor of the loans transferred (years) 11.56 11.56 Weighted average holding period (years) 4.94 4.94 Retention of beneficial economic interest % 13.12 13.12 Net book value of loans transferred (at the time of transfer) (₹ in crore) 180.00 180.00 Aggregate consideration (₹ in crore) 180.00 180.00 Coverage of tangible securities of secured loans transferred 100% 100% Rating wise distribution of rated loans at pool level ICRA/CARE AAA ICRA/CARE AAA Note: The Company has provided first loss tranche to the subscriber of PTC. (ib) Details of loans not in default acquired (through assignment) during the quarter and half year ended September 30, 2026. Particulars Quarter ended September 30, 2026 Deal 1 Deal 2 Deal 3 Deal 4 Amount of loans acquired (₹ in crore) 38.61 556.79 28.32 25.10 Weighted average residual maturity (years) 11.99 10.95 14.90 17.02 Weighted average holding period (years) 0.84 1.75 1.91 0.65 Retention of beneficial economic interest 10% 10% 10% 10% Coverage of tangible securities of secured loans transferred 100% 100% 100% 100% Rating wise distribution of rated loans" NA NA NA NA Particulars er-ended September 30, 2026 Deal 5 r cl2tr Deal 7 Deal 8 Amount of loans acquired (₹ in crore) 120. ,b. 1 4 6.04 34.06 Weighted average residual maturity (years) 12 \kilk 9.66 12.92 Weighted average holding period (years) 8 c. ID 0.54 _ - 1.07 Retention of beneficial economic interest NssIM MUMBAI to 10fi< 10% Coverage of tangible securities of secured loans transferr c.- 1 . . . 1.61.4-, ,....., 100% Rating wise distribution of rated loans" ''' % '7, 13 ..?„, ,ei ,'" A ! -kJ - A 2 NA Jl0IDA 2241C.4s4c. eted Ace'
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Continuation Sheet... Particulars Quarter ended June 30, 2026 Deal 1 Deal 2 Deal 3 Deal 4 Amount of loans acquired (₹ in crore) 42.07 39.57 26.73 38.88 Weighted average residual maturity (years) 12.80 12.47 10.73 17.22 Weighted average holding period (years) 1.10 1.47 1.14 0.90 Retention of beneficial economic interest 10% 10% 10% 10% Coverage of tangible securities of secured loans transferred 100% 100% 100% 100% Rating wise distribution of rated loans' NA NA NA NA *The loans acquired are not rated as these loans are to non-corporate borrowers. (ii) The Company has not transferred or acquired, any stressed loan during the quarter and half year ended September 30, 2026. (iii) Details of ratings on security receipts as on September 30, 2026: Rating Agency Rating Trust Name Book value of security receipts (₹ in crore) Book value of security receipts (net of provisions) Recovery rating scale Infomerics Valuation and Rating Limited IVR RR3 ACRE 122 TRUST 119.00 More than 50% and upto 75% 6. On November 21, 2025, the Government of India notified the four Labour Codes - the Code on Wages, 2019, the ndustrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 - consolidating twenty nine existing labour laws. The Labour Codes, amongst other things introduces changes including a uniform definition of wages. The Ministry of Labour & Employment published Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Company has restructured compensation of its employees with effect from April 01, 2026 consistent with the Labour Codes, Rules, FAQs and the opinion from the consultant. The Company continues to monitor the finalisation of Central and State Rules and clarifications from the Government on the New Labour Codes and would provide appropriate accounting effect on the basis of such developments, as needed. 7. Disclosure related to project finance for the quarter ended September 30, 2026, pursuant to RBI Notification dated November 28, 2025, "Reserve Bank of India (Non-Banking Financial Companies — Credit Facilities) Directions, 2025" and "Reserve Bank of India (Non-Banking Financial Companies — Resolution of Stressed Assets) Directions, 2025" and "Reserve Bank of India (Non-Banking Financial Companies — Financial Statements: Presentation and Disclosures) Directions, 2025", as amended from time to time, are given below: SI. No. Item Description Number of accounts Total outstanding (t in crore) 1 Projects under implementation accounts at the beginning of the quarter 1 25.00 2 Projects under implementation accounts sanctioned during the quarter' 2 329.16 3 Projects under implementation accounts where DCCO has been achieved during the quarter - - 4 Projects under implementation accounts at the end of the quarter (1+2-3) 3 354.16 5 Out of '4' — accounts in respect of which resolution process involving extension in original / extended DCCO, as the case may be, has been invoked. - - 5.1 Out of '5' — accounts in respect of which Resolution plan has been implemented. - - 5.2 Out of '5' — accounts in respect of which Resolution plan is under implementation - - 5.3 Out of '5' — accounts in respect of which Resolution plan has failed. - - 6 Out of '5', accounts in respect of which resolution process involving extension in original / extended DCCO, as the case may be, has been invoked due to change in scope and size of the project - - 7 Out of '5', account in respect of which cost overrun associated with extension in original / extended DCCO, as the case may be, was funded - - 7.1 Out of '7', accounts where SBCF was sanctioned during financial closure and renewed continuously - - 7.2 Out of 7', accounts where SBCF was not pre-sanctioned or renewed continuously - - 8 Out of '4' — accounts in respect of which resolution process not involving extension in original / extended DCCO, as the case may be, has been invoked. - - 8.1 Out of '8' — accounts in respect of which Resolution plan has been implemented. - - 8.2 Out of '8' — accounts in respect of which Resolution plan is under implementation. - - 8.3 Out of '8' — accounts in respect of which Resolution plan has failed. - - 'Including additional disbursement pertaining to accounts sanctioned in previous quarters resulting additional outstanding of ₹ 19.73 crore at the reporting date. 8. Disclosure related to Co-lending arrangements (CLAs) on an aggregate basis as at September 30, 2026, pursuant to RBI Notification dated November 28, 2025, "Reserve Bank of India (Non- Banking Financial Companies - Transfer and Distribution of Credit Risk) Directions, 2025" and "Reserve Bank of India (Non-Banking Financial Companies — Financial Statements: Presentation and Disclosures) Directions, 2025", as amended from time to time, are given below: Particulars As at September 30, 2026 As Originator RE Quantum of CLAs - Number of CLA Partners 1 - Number of accounts (outstanding cases) 205 - Aggregate principal outstanding as on date (₹ in crore) 65.86 Weighted average rate of interest (%) 10.29% Fees charged (₹ in crore) 0.12 Fees paid (₹ in crore) - Broad sector of Co-lending arrangement Mortgage- Housing Loans, Non -Housing Loans Performance of loans - Standard loans (₹ in crore) 64.66 - NPA loans (₹ in crore) 1.20 Default loss guarantee (if any) NA Internal
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Continuation Sheet... 9. Regulation 52(7) and 52(7A) of the SEBI (LODR) Regulations, 2015 are not applicable for the quarter ended September 30, 2026, as there were no unutilised issue proceeds and no deviation or variation in the utilisation of issue proceeds during the quarter. 10. During the quarter ended September 30, 2026, the Company has allotted 2,54,335 (Q2 FY2027 2,13,990) equity shares of ₹ 10 each pursuant to exercise of stock options / restricted stock units by employees. 11. Disclosures in compliance with Regulation 52 (4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended for the quarter and half year ended September 30, 2026 are attached as Annexure I. 12. Statutory Auditors of the Company have reviewed the consolidated interim financial results for the quarter and half year ended September 30, 2026, in compliance of Regulations 33 and 52 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The above consolidated interim financial results have been reviewed and recommended by the Audit Committee of Board and subsequently approved by Board of Directors at their meeting held on October 28. 2026. Date: October 28, 2026 Place: Gurugram For and on behalf of the Board of Directors Ajai Kumar Shukla Managing Director & CEO DIN: 11358498 Internal
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M M Nissim & Co LLP Chartered Accountants C-2, First Floor, Sector 2, Noida -201301 C N K & Associates LLP Chartered Accountants 501, Narain Chambers, M.G Road, Vile Parle East Mumbai -400057 Independent Auditor's Review report on Unaudited Standalone Financial Results of PNB Housing Finance Limited ("the Company") for the quarter and half year ended September 30, 2026 pursuant to the Regulations 33 and 52 of the SEBI (Listing Obligations and Disclosure requirements) Regulations, 2015 as amended. To The Board of Directors of PNB Housing Finance Limited 1. We have reviewed the accompanying statement of unaudited standalone financial results of PNB Housing Finance Limited ("the Company") for the quarter and half year ended September 30, 2026 ("the Statement"), being submitted by the Company pursuant to the requirements of the Regulations 33 and 52 of the Securities and Exchange Board of India (Listing Obligations and Disclosure requirements) Regulations, 2015, as amended ("the Listing Regulations"). 2. This Statement, which is the responsibility of the Company's Management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulations 33 and 52 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended along with the circulars, guidelines and directions issued by the Reserve Bank of India (RBI)/ National Housing Bank (NHB) to the extent applicable. Our responsibility is to express a conclusion on the Statement based on our review; 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion; 1 Annexure-II
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M M NISSIM & CO LLP C N K & Associates LLP Chartered Accountants Chartered Accountants 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement of unaudited standalone financial results read with notes thereon, prepared in accordance with applicable Indian Accounting Standards, prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulations 33 and 52 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended including the manner in which it is to be disclosed, or that it contains any material misstatement. For M M Nissim & Co LLP Chartered Accountants Firm Registration No. 107122W/W100672 Navin Kumar Jain Partner Membership No. 090847 UDIN: 26090847GZXQMW2587 Place: Gurugram Date: October 28, 2026 For C N K & Associates LLP Chartered Accountants Firm Registration No. 101961W/W-100036 Hiren Shah Partner Membership No. 100052 UDIN: 26100052XZTOMR6935 Place: Gurugram Date: October 28, 2026 2
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O Housing eitur Ki i361.at Statement of standalone interim financial results for the the quarter and half year ended September 30, 2026 (T in crore) S. no. Particulars Quarter ended Half year ended Year ended 30-Sep-26 30-Jun -26 30-Sep-25 30-Sep-26 30-Sep-25 31-Mar-26 (Unaudited) (Unaudited) (Audited) (Unaudited) (Audited) (Audited) Revenue from operations (i) Interest income 2,276.20 2,127.54 2,007.97 4,403.74 3,976.23 8,028.57 (ii) Dividend income 50.00 - 50.00 50.00 50.00 50.00 (iii) Fees and commission income 130.51 121.78 96.18 252.29 177.89 394.50 (iv) Net gain on fair value changes 2.98 3.18 13.76 6.16 27.67 38.15 I Total revenue from operations 2,459.69 2,252.50 2,167.91 4,712.19 4,231.79 8,511.22 II Other income 1.25 2.87 3.61 4.12 10.34 3.07 III Total income (1+11) 2,460.94 2,255.37 2,171.52 4,716.31 4,242.13 8,514.29 Expenses (i) Finance cost 1,414.98 1,339.03 1,267.34 2,754.01 2,502.03 5,001.53 (ii) Impairment on financial instruments & write-offs" (47.56) (29.13) (113.18) (76.69) (169.41) (386.20) (iii) Employee benefits expense 109.96 107.87 84.68 217.83 178.22 386.82 (iv) Fees and commission expense 4.87 3.24 3.01 8.11 6.03 13.34 (v) Depreciation, amortisation and impairment 16.70 16.27 16.31 32.97 30.96 66.17 (vi) Other expenses 121.28 103.50 109.56 224.78 204.97 428.83 IV Total expenses 1,620.23 1,540.78 1,367.72 3,161.01 2,752.80 5,510.49 V Profit before tax (III-IV) 840.71 714.59 803.80 1,555.30 1,489.33 3,003.80 Tax expense: -Current tax 177.42 153.23 147.64 330.65 278.72 577.26 -Deferred tax (charge/(credit)) 1.85 6.86 29.67 8.71 52.39 98.66 VI Total tax expense 179.27 160.09 177.31 339.36 331.11 675.92 VII Net profit after tax (V-VI) 661.44 554.50 626.49 1,215.94 1,158.22 2,327.88 VIII Other comprehensive income A (i) Items that will not be reclassified to profit or loss: Remeasurement gain/ (loss) on defined benefit plan 1.96 (0.45) 0.85 1.51 (0.73) 0.12 (ii) Income tax relating to items that will not be reclassified to profit or loss (0.49) 0.11 (0.22) (0.38) 0.18 (0.03) B (i) Items that will be reclassified to profit or loss: Cash flow hedge 47.91 10.09 12.33 58.00 129.67 194.94 (ii) Income tax relating to items that will be reclassified to profit or loss (12.06) (2.54) (3.11) (14.60) (32.64) (49.06) IX Total comprehensive income (VII+VIII) 698.76 561.71 636.34 1,260.47 1,254.70 2,473.85 Earnings per share (of t 10 each)* -Basic (₹) 25.37 21.28 24.06 46.65 44.52 89.41 -Diluted (₹) 25.31 21.22 24.01 46.53 44.42 89.20 Paid-up equity share capital (Face value of ₹ 10) 260.80 260.59 260.51 260.80 260.51 260.55 Reserves (excluding revaluation reserves) as at March 31 18,965.25 °Net of reversal of impairment allowance / bad debts (includes recovery from sale of security receipts amounting to ₹ 123.90 crore for the year ended March 31, 2026) recovery on sale of loan assets including fair value changes on investment in security receipts. EPS for the quarters/half year are not annualised. ttacfi cf ePlq c14: 9tE 3ffiRLIT 1:1-4 , 22, ctrtl'Oll Tiftft TO, lt - 110001 Regd. Office: 9th Floor, Antriksh Bhawan, 22 Kasturba Gandhi Marg, New Delhi - 11O OO1 Toll Free: 18OO 12O 88OO, Email: customercare@pnbhousing.com, Website: www.pnbhousing.com CIN: L65922DL1988PLC033856
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Continuation Sheet... Standalone Interim Statement of Assets and Liabilities ₹ in crore S. no. Particulars As at 30-Sep -26 31-Mar-26 (Unaudited) (Audited) ASSETS 1 Financial assets (a) Cash and cash equivalents 2,004.13 2,482.92 (b) Bank balance other than (a) above 286.26 756.07 (c) Derivative financial instruments 316.72 270.41 (d) Receivables Trade receivables 59.04 47.15 Other receivables 0.02 0.12 (e) Loans 94,248.28 86,557.96 (f) Investments 3,680.15 2,776.92 (g) Other financial assets 764.89 288.65 Sub total - financial assets 1,01,359.49 93,180.20 2 Non - financial assets (a) Current tax assets (net) 1.48 - (b) Deferred tax assets (net) - 23.01 (c) Investment property 0.51 0.51 (d) Property, plant and equipment 80.70 83.36 (e) Right of use assets 157.62 157.38 (f) Capital work-in-progress 3.68 1.38 (g) Intangible assets under developments 5.84 4.62 (h) Other Intangible assets 30.68 32.07 (i) Other non-financial assets 55.28 50.93 Sub total - non - financial assets 335.79 353.26 TOTAL - ASSETS 1,01,695.28 93,533.46 LIABILITIES 1 Financial liabilities (a) Derivative financial instruments 15.14 4.14 (b) Payables (I) Trade Payables (i) total outstanding dues of micro enterprises and small enterprises 2.69 1.83 (ii) total outstanding dues of creditors other than micro enterprises and small enterprises 26.08 12.66 (II) Other Payables (i) total outstanding dues of micro enterprises and small enterprises - - (ii) total outstanding dues of creditors other than micro enterprises and small enterprises - - (c) Debt securities 13,456.79 9,270.38 (d) Borrowings (other than debt securities) 48,396.34 43,543.17 (e) Deposits 17,704.05 18,055.39 (f) Subordinated liabilities 39.67 329.66 (g) Other financial liabilities 1,637.10 2,885.01 Sub total - financial liabilities 81,277.86 74,102.24 2 Non financial liabilities s\M & (a) Current tax liabilities 0 - 10.43 (b) Provisions Z .,, ei -o 34.58 31.85 (c) Deferred tax liabilities (net) 2. 7A, I sNo° 01 1/4 P . :(2 0.67 (d) Other non-financial liabilities c' 7421122‘tes 84.30 163.14 Sub total - non financial liabilitie °red Accif 119.55 205.42 .-'Srl3 EQUITY 9r -k- tp F/41(a) Equity share capital z r I1AG 260.80 260.55 (b) MU MBAI Other equity * r— s, 20,037.07 18,965.25 c.,,,,c° o o ,.., co — Subtotal - equity ,5 ac z 5- ,...<7, -,. 20,297.87 19,225.80 TOTAL - EQUITY AND LIABILITIES red Acc° \ * 0.--.' --4' 1,01,695.28 93,533.46 Internal shB
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Continuation Sheet... Standalone Interim Statement of Cash Flow (₹ in crore _For the half year ended Particulars 30-Sep -26 30-Sep -25 (Unaudited) (Audited) Cash flow from operating activities Profit before tax 1,555.30 1,489.33 Adjustment to reconcile profit before tax to net cash flows: Depreciation, amortisation and impairment 32.97 30.96 Net loss/(profit) on sale of property, plant and equipment 0.16 0.45 Impairment on financial instruments 41.28 (187.47) Net loss/(gain) on financial asset at fair value through profit and loss 1.34 (5.32) Share based payment expense 11.90 0.52 Impact of effective interest rate on financial assets (88.19) (55.48) Impact of effective interest rate on financial liabilities 5.50 (2.08) Interest expenses 2,747.45 2,496.17 Unwinding / (Income) on derecognised (assigned) loans 41.07 20.04 Loss/ (gain) on restructured financial assets 2.99 5.35 Interest on leases including modification gain/(loss) 5.81 5.16 Dividend Income (50.00) (50.00) Bad debts written-off 22.98 99.21 2,775.26 2,357.51 Operating profits before changes in working capital 4,330.56 3,846.84 Working Capital changes Increase/(decrease) in trade payables 14.28 (1.80) Increase/(decrease) in provisions 4.24 7.54 (Decrease)/increase in other financial liabilities (2,052.91) (1,255.76) (Decrease)/increase in non financial liabilities (78.84) (130.92) (Increase)/decrease in loans at amortised cost (7,666.14) (4,050.36) (Increase)/decrease in in receivables (11.84) 18.76 (Increase)/decrease in other financial assets (517.19) 3.07 (Increase)/decrease in other non financial assets (4.35) (8.42) Decrease/(increase) in bank balance other than cash and cash equivalents 469.81 522.56 (9,842.94) (4,895.33) Cash (used in) / generated from operations before adjustments for interest and taxes paid (5,512.38) (1,048.49) Interest Paid (1,944.92) (1,827.58) Taxes paid (net of refunds) (344.39) (246.87) Net cash (used in) / generated from operating activities (7,801.69) (3,122.94) Cash flow from investing activities Purchase of property, plant and equipment and other intangible assets including capital work-in-progress and intangible assets under development (15.73) (16.28) Proceeds from sale of property, plant and equipment and other intangible assets 0.18 0.52 Dividend Income 50.00 50.00 Investments (net) (907.88) 288.24 Net cash (used in)/generated from investing activities (873.43) 322.48 Cash flow from financing activities Proceeds from Debt securities and subordinated liabilities 1,697.99 1,100.00 Borrowing from banks 32,853.38 14,918.45 Commercial papers 18,357.27 7,324.20 Repayment of Debt securities and subordinated liabilities (710.00) - Borrowing from banks (27,984.25) (13,968.98) Commercial papers (15,450.00) (7,000.00) Deposits (net) (348.75) 616.28 Lease liabilities (20.83) (19.18) Proceeds from issue of share capital including securities premium 9.99 27.76 Dividend paid (208.47) (130.23) Net cash generated from/ (used in) financing activities 8,196.33 2,868.30 Net changes in cash & cash equivalents (478.79) 67.84 Cash or cash equivalents at the beginning of the period 2,482.92 1,999.47 Cash or cash equivalents at the end the of the period 2,004.13 2,067.31 Net increase/(decrease) of cash & cash equivalents during the period (478.79) 67.84 Note Figures in bracket denotes application of cash ₹ in crore , tivi O 0 Components of cash and cash equiv <r - ! --o . As at 30-Sep -26 30-Sep -25 (Unaudited) (Audited) z .,=. Cash on hand \ . i s - 0 Balances with banks in current account-'h ' N.'7" Bank deposit with maturity of 3 months o o Certificate of deposits with maturity of 3 mon ed A G s Stamps on hand Less: Overdraft facility * MUMBAI LP r -,, * o -.. -2' C., ca * , Z 0- * 14 o FY ti,-,:_ 4 , `a,c., ‘c.', -.) o Pi * 0.92 398.15 680.45 924.61 0.00 - 1.08 815.34 1,251.01 - 0.00 (0.12) Cash or cash equivalents at the end of the period 119d P, 1 "l ety 21f/ 2,004.13 2,067.31 Internal
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Continuation Sheet... Notes: 1. The above interim financial results of the Company have been prepared in accordance with Indian Accounting Standards ('Ind AS') prescribed under Section 133 of the Companies Act 2013, read with Companies (Indian Accounting Standards) Rules, 2015 as amended from time to time and other accounting principles generally accepted in India and are in compliance with Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations") along with the circulars, guidelines and directions issued by the Reserve Bank of India (RBI)/ National Housing Bank (NHB) to the extent applicable. There are no changes in the accounting policies during the current reported period as compared to the corresponding periods / years. 2. The Company's main business is to provide loans against/for purchase, construction, repairs & renovations of houses/ flats/commercial properties etc. All other activities of the Company revolve around the main business. As such, there are no separate reportable segment, as per the Operating Segments (Ind AS 108), notified by the Companies (Accounting Standard) Rules, 2015, as amended. 3. Disclosure pertaining to Resolution Framework for COVID-19-related Stress and resolution Framework - 2.0: Resolution of Covid-19 related stress of Individuals and Small Businesses to be read with Reserve Bank of India (Non Banking Financial Companies - Resolution of Stressed Assets) Directions, 2025, RBI/DOR/2025-26/357 DOR.STR.REC.276/21.04.048/2025-26, dated November 28, 2025. ₹ in crore Type of Borrower Exposure to accounts classified as Standard consequent to implementation of resolution plan — Position as at the end of the previous half-year (A) ($) Of (A), aggregate debt that slipped into NPA during the half-year Of (A) amount written off during the half- year Of (A) amount paid by the borrowers during the half-year Exposure to accounts classified as Standard consequent to implementation of resolution plan — Position as at the end of this half-year (@) Personal Loans* 790.11 67.13 3.90 69.09 649.99 Corporate persons - - - - - of which, MSMEs - - - - - Others^ - - - - - Total 790.11 67.13 3.90 69.09 649.99 * Retail loans $ Principal outstanding as at the end of the previous half year (i.e. as on March 31, 2026). @ Principal outstanding (including capitalised interest, disbursement) for the live restructured accounts as on September 30, 2026. ^Corporate finance loans 4. Disclosure of loans transferred / acquired during the quarter and half year ended September 30, 2026, pursuant to RBI Notification dated November 28, 2025,"Reserve Bank of India (Non-Banking Financial Companies - Transfer and Distribution of Credit Risk) Directions, 2025" and "Reserve Bank of India (Non-Banking Financial Companies — Financial Statements: Presentation and Disclosures) Directions, 2025" as amended from time to time are given below: (ia) Detail of loans transferred not in default (through PTC) during the quarter and half year ended September 30, 2026. Particulars Quarter ended September 30, 2026 Half year ended September 30, 2026 Number of accounts 924 924 Aggregate principal outstanding of loan transferred (₹ in crore) 207.19 207.19 Weighted average residual tenor of the loans transferred (years) 11.56 11.56 Weighted average holding period (years) 4.94 4.94 Retention of beneficial economic interest 13.12 13.12 Net book value of loans transferred (at the time of transfer) (₹ in crore) 180.00 180.00 Aggregate consideration (₹ in crore) 180.00 180.00 Coverage of tangible securities of secured loans transferred 100% 100% Rating wise distribution of rated loans at pool level ICRA/CARE AAA ICRA/CARE AAA Note: The Company has provided first loss tranche to the subscriber of PTC. (ib) Details of loans not in default acquired (through assignment) during the quarter and half year ended September 30, 2026. Particulars Quarter ended September 30, 2026 Deal 1 Deal 2 Deal 3 Deal 4 Amount of loans acquired (₹ in crore) 38.61 556.79 28.32 25.10 Weighted average residual maturity (years) 11.99 10.95 14.90 17.02 Weighted average holding period (years) 0.84 1.75 1.91 0.65 Retention of beneficial economic interest 10% 10% 10% 10% Coverage of tangible securities of secured loans transferred • 100% 100% 100% 100% Rating wise distribution of rated loans" NA NA NA NA Particulars Quarter ended September 30, 2026 Deal 5 Deal 6 Deal 7 Deal 8 Amount of loans acquired (₹ in crore) 120.96 28.54 6.04 34.06 Weighted average residual maturity (years) 12.19 13.39 9.66 12.92 Weighted average holding period (years) 0.96 1.08 0.54 1.07 Retention of beneficial economic interest 10% 10% 10% 10% Coverage of tangible securities of secured loans transferred 100% 100% 100% 100% Rating wise distribution of rated loans" NA NA NA NA Particulars Quarter ended June 30, 2026 Deal 1 Deal 2 Deal 3 Deal 4 Amount of loans acquired (₹ in crore) 42.07 39.57 26.73 38.88 Weighted average residual maturity (years) 12.80 12.47 10.73 17.22 Weighted average holding period (years) 1.10 1.14 0.90 Retention of beneficial economic interest 10% Co 10%% 10% Coverage of tangible securities of secured loans transferred r, 1 00% BPS`' -•-• 10 _ G FIN 100% 02 4,- NA Rating wise distribution of rated loans* _ SI N-y - -.0 NA 2 N •Aii--.--,. Art$ 4"‘ *The loans acquired are not rated as these loans are to non-co Si rt.% r. ; 3' INDIA ,..,f . .... NOIDA ,...=. 40 ......) ) 1 224 0 N.q' e\ rt?d A cc,
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Continuation Sheet... (ii) The Company has not transferred or acquired, any stressed loan during the quarter and half year ended September 30, 2026. (iii) Details of ratings on security receipts as on September 30, 2026: Rating Agency Rating Trust Name Book value of security receipts (₹ in crore) Book value of security receipts (net of provisions) Recovery rating scale Infomerics Valuation and Rating Limited IVR RR3 ACRE 122 TRUST 119.00 - More than 50% and upto 75% 5. On November 21, 2025, the Government of India notified the four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 - consolidating twenty nine existing labour laws. The Labour Codes, amongst other things introduces changes including a uniform definition of wages. The Ministry of Labour & Employment published Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Company has restructured compensation of its employees with effect from April 01, 2026 consistent with the Labour Codes, Rules, FAQs and the opinion from the consultant. The Company continues to monitor the finalisation of Central and State Rules and clarifications from the Government on the New Labour Codes and would provide appropriate accounting effect on the basis of such developments, as needed. 6. Disclosure related to project finance for the quarter ended September 30, 2026, pursuant to RBI Notification dated November 28, 2025, "Reserve Bank of India (Non-Banking Financial Companies — Credit Facilities) Directions, 2025" and "Reserve Bank of India (Non-Banking Financial Companies — Resolution of Stressed Assets) Directions, 2025" and "Reserve Bank of India (Non-Banking Financial Companies — Financial Statements: Presentation and Disclosures) Directions, 2025", as amended from time to time, are given below: SI. No. Item Description Number of accounts Total outstanding (₹ in crore) 1 Projects under implementation accounts at the beginning of the quarter 1 25.00 2 Projects under implementation accounts sanctioned during the quarter" 2 329.16 3 Projects under implementation accounts where DCCO has been achieved during the quarter - - 4 Projects under implementation accounts at the end of the quarter. (1+2-3) 3 354.16 5 Out of '4' — accounts in respect of which resolution process involving extension in original / extended DCCO, as the case may be, has been invoked. 5.1 Out of '5' — accounts in respect of which Resolution plan has been implemented. - - 5.2 Out of '5' — accounts in respect of which Resolution plan is under implementation - - 5.3 Out of '5' — accounts in respect of which Resolution plan has failed. - - 6 Out of '5', accounts in respect of which resolution process involving extension in original / extended DCCO, as the case may be, has been invoked due to change in scope and size of the project - - 7 Out of '5', account in respect of which cost overrun associated with extension in original / extended DCCO, as the case may be, was funded - - 7.1 Out of '7', accounts where SBCF was sanctioned during financial closure and renewed continuously - - 7.2 Out of '7', accounts where SBCF was not pre-sanctioned or renewed continuously - 8 Out of '4' — accounts in respect of which resolution process not involving extension in original / extended DCCO, as the case may be, has been invoked. - - 8.1 Out of '8' — accounts in respect of which Resolution plan has been implemented. - - 8.2 Out of '8' — accounts in respect of which Resolution plan is under implementation. - 8.3 Out of '8' — accounts in respect of which Resolution plan has failed. - - Including additional disbursement pertaining to accounts sanctioned in previous quarters resulting additional outstanding of ₹ 19.73 crore at the reporting date. 7. Disclosure related to Co-lending arrangements (CLAs) on an aggregate basis as at September 30, 2026, pursuant to RBI Notification dated November 28, 2025, "Reserve Bank of India (Non- Banking Financial Companies - Transfer and Distribution of Credit Risk) Directions, 2025" and "Reserve Bank of India (Non-Banking Financial Companies — Financial Statements: Presentation and Disclosures) Directions, 2025", as amended from time to time, are given below: Particulars As at September 30, 2026 As Originator RE Quantum of CLAs - Number of CLA Partners 1 - Number of accounts (outstanding cases) 205 - Aggregate principal outstanding as on date (₹ in crore) 65.86 Weighted average rate of interest (%) 10.29% Fees charged (₹ in crore) 0.12 Fees paid (₹ in crore) - Broad sector of Co-lending arrangement Mortgage- Housing Loans, Non -Housing Loans Performance of loans - Standard loans (₹ in crore) 64.66 - NPA loans (₹ in crore) 1.20 Default loss guarantee (if any) NA 8. Regulation 52(7) and 52(7A) of the SEBI (LODR) Regulations, 2015 are not applicable for the quarter and half year ended September 30, 2026, as there were no unutilised issue proceeds and no deviation or variation in the utilisation of issue proceeds during the quarter. . 9. During the half year ended September 30, 2026, the Company has allotted 2,54,335 (Q2 FY2027 2,13,99 restricted stock units by employees. 10. Disclosures in compliance with Regulation 52 (4) of the SEBI (Listin ended September 30, 2026 are attached as Annexure I. isclosure Re s of ₹ 10 each pursuant to exercise of stock options / 2015, as amej and half year
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Continuation Sheet... 11. The secured non-convertible debt securities issued by the Company are fully secured by creation and maintenance of exclusive charge (on floating basis) through hypothecation of book debts/loan receivables of the Company to the extent as stated in the respective Information Memorandum. Security Coverage available as on September 30, 2026 on secured non-convertible debt securities is 1.08 times. 12. Statutory Auditors of the Company have reviewed the standalone interim financial results for the quarter and half year ended September 30, 2026, in compliance of Regulations 33 and 52 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The above standalone interim financial results have been reviewed and recommended by the Audit Committee of Board and subsequently approved by Board of Directors at their meeting held on October 28, 2026. Date: October 28, 2026 Place: Gurugram For and on behalf of the Board of Directors Ajai Kumar Shukla Managing Director & CEO DIN: 11358498
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Continuation Sheet... Annexure I Disclosures in compliance with Regulation 52 (4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, for the quarter and half year ended September 30, 2026 Particular For the quarter ended September 30, 2026 For the half year ended September 30, 2026 Consolidated Consolidated Debt Equity Ratio 3.93 3.93 Debt Service Coverage Ratio ** Not Applicable Not Applicable Interest Service Coverage Ratio — Not Applicable Not Applicable Outstanding redeemable preference shares (quantity and value) NIL NIL Capital redemption reserve/debenture redemption reserve • Not Applicable Not Applicable Net Worth (₹ in crore) 20,249.19 20,249.19 Net Profit After Tax (₹ in crore) 616.55 1,173.89 Earnings Per Share: (not annualised) Basic (₹) 23.65 45.04 Diluted (₹) 23.59 44.92 Current Ratio * Not Applicable Not Applicable Long term debt to working capital ratio • Not Applicable Not Applicable Bad debts to Account receivable ratio • Not Applicable Not Applicable Current liability ratio • Not Applicable Not Applicable Total Debts to Total Assets 0.78 0.78 Debtors turnover ratio * Not Applicable Not Applicable Inventory turnover ratio • Not Applicable Not Applicable Operating Margin (/0) • Not Applicable Not Applicable Net Profit Margin (%) 25.44 25.03 Sector Specific equivalent ratio Provision Coverage Ratio (%) 39.98 39.98 Gross Non-Performing Asset (GNPA) (%) 0.91 0.91 Net Non-Performing Asset (NNPA) (%) 0.55 0.55 CRAR (%) •• Not Applicable Not Applicable Liquidity Coverage Ratio (%)** Not Applicable Not Applicable * The Company prepares the financial statement as per Division III, Schedule III of Companies Act 2013, hence these ratios are not applicable. •• Disclosure is not applicable at consolidated level for housing finance companies registered with NHB/RBI. Internal Annexure-III
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Continuation Sheet... Annexure I Disclosures in compliance with Regulation 52 (4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, for the quarter and half year ended September 30, 2026 Particular For the quarter ended September 30, 2026 For the half year ended September 30, 2026 Standalone Standalone Debt Equity Ratio 3.92 3.92 Debt Service Coverage Ratio * Not Applicable Not Applicable Interest Service Coverage Ratio * Not Applicable Not Applicable Outstanding redeemable preference shares (quantity and value) NIL NIL Capital redemption reserve/debenture redemption reserve ** Not Applicable Not Applicable Net Worth (₹ in crore) 20,297.87 20,297.87 Net Profit After Tax (₹ in crore) 661.44 1,215.94 Earnings Per Share: (not annualised) Basic (₹) 25.37 46.65 Diluted (₹) 25.31 46.53 Current Ratio ** Not Applicable Not Applicable Long term debt to working capital ratio ** Not Applicable Not Applicable Bad debts to Account receivable ratio ** Not Applicable Not Applicable Current liability ratio ** Not Applicable Not Applicable Total Debts to Total Assets 0.78 0.78 Debtors turnover ratio ** Not Applicable Not Applicable Inventory turnover ratio ** Not Applicable Not Applicable Operating Margin (%) ** Not Applicable Not Applicable Net Profit Margin (%) 26.88 25.78 Sector Specific equivalent ratio Provision Coverage Ratio (%) 39.93 39.93 Gross Non-Performing Asset (GNPA) (%) 0.91 0.91 Net Non-Performing Asset (NNPA) (%) 0.55 0.55 CRAR (%) 27.03 27.03 Liquidity Coverage Ratio (%) 155.44 150.58 * Disclosure is not applicable for housing finance companies registered with NHB/RBI. ** The Company prepares the financial statement as per Division III, Schedule III of Companies Act 2013, hence these ratios are not applicable.
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The nature and volume of transactions of the Company during the half year ended September 30, 2026 with the above related parties were as follows. Thee• transactions were carried out in ordinary course of business and were at arms length price: Details oldie party Meted entity In /subsidiar y) trans enteriactionng Into the Details of the countsrparty Type of related party transaction Value of the related party transaction as approved by the audit committee for FY 26-27. Value of trent... during the half year ended September 30, 2020Y Balance from approved omit % case monies are due to •0 r party ante result of fm incurred the transaction In case any financial Indebtedness Is to ke oral. loans, advancesI nt oxen - ma eposits, corporate d investments, Details of the loans, Intereorporate deposits. advance. or investments S. No Neale Name Relationship of the countarparty with the Hated entity or Its subsidiary uto ,.. t,. n from .PP'.."'dlimit Opening ''''''' cloning b'''"" Nature of (loan/ Issuance of dab,/ any other etc.) Cost Tenure Nature (loan/ advance/ intsrcorporste deposit/ investment Interest Rats (%) Tenure , . r.. „ Secured/ . 7. : cured Purpose for which the funds will be utilised by the ultimate recipient of funds (end ...a.) I PNEI Housina Finance Ltd P.. E.n.tion Wholly owned subsidiary Donation 5600 905 45.15 18% NA NA NA NA NA NA NA NA 2 PHFL Horne Loan 8 Sereces Limited Pellet Foundation Wholly owned fellow subsidiary Donation 0.30 013 0.17 44% • NA NA NA NA NA NA NA NA 3 PN8 Houslna Finance Ltd PHFL Home Loan 8 Services Limited Wholly owned subsidiary Mana.ment and deputation ...a 5.00 1/0 3.30 34% 022 0.21 NA NA NA NA NA NA NA NA 4 PNB Housing Finance Ltd PHFL Horne Cue., & Services Limited Wholly owned subsidiary Commission 6 supped ...a expense maoo 144.52 195.46 43% 36.89 24.87 NA NA NA NA NA NA NA NA 5 PNB Housing Finance Ltd Puni. National Bank" Promoter/Enterprise having Siggli.nt Influen. ECB raged. USD 200 million 990000 0% 1,513.76 1.535.73 NA NA NA NA NA NA NA NA 6 END Houb.Finance Ltd Punjab National Bank Promoter/Enterori. haena Sianifi.nt Influence Tenn Loan/STL/WCOL rais. 7,000.00 1.450.00 5.55060 21% 5.87864 6614.20 NA NA NA NA NA NA NA NA 7 PNB Houeno Finance Ltd Pun. National Bank Promoter/Entorpri. havina Sianificant Influen. Term Loan/STL/WCDLIEGB repaid At actuate 1.714.34 100% NA NA NA NA NA NA NA NA 8 PNB Housing Finance Ltd Punab National Bank Promoter/Enterprise henna Mendicant Influence Interest on term ban overdraft & ECB Al actual. 24126 100% 1.73 1.54 NA NA NA NA NA NA NA NA 0 PNB Housing Finance Ltd Puniab National Bank Promoter/Enterprise haeno Significant Influence Process,. ten on term loan and OD 25.00 25.00 0% NA NA NA NA NA NA NA NA 10 PNB Housing Finance Ltd Punjab National Bank Promobr/Enterprise haeng Significant Influ.. Assignment of loan through direct assignment I PTC 000 00 1,000.00 0% NA NA NA NA NA NA NA NA 11 ENB Housing Finance Ltd Pun,. National Bank Promoter/Enterprise bag. Significant Influence Principal repaid on assignment of loans Al actuate 210.34 100% 4560 3005 NA NA NA NA NA NA NA NA 12 PNB Housing Finance Ltd Punjab National Bank Promotar/Enterpi. haeng Significant Influence Interest 8 other charges paid 00 direct assignment or pose through certificate Al actual& 73.05 100% 13 41 1160 NA NA NA NA NA NA NA NA 13 PNB Housing Finance Ltd Puniab National Bank Promotor/Enterpti. having Significant Influence Servicing fees received on assignment of loans 5.00 1.09 3.91 22% 0.38 047 NA NA NA NA NA NA NA NA 14 PNB Heusi. Finance Ltd Punt. National Bank Promoter/Entered. hoe. Sionifi.nt infl.nce Feed deposit maderenewed 200000 2.000 00 0% NA NA NA NA NA NA NA NA 15 PHFL Horne Loan 6 Servi.s Limited Puniab National Bank Prornoter/Enterpri. having Significant Influence Fixed deposit madeirenewed 100.00 100.00 0% NA NA NA NA NA NA NA NA 16 PNB Heusi. F mance Ltd Puniab National Bank Promoter/Enterer. having Slanificant Influence Royalty Fee 30 00 15 04 14 96 50% 20.70 15.04 NA NA NA NA NA NA NA NA 17 PNB Housing 1 mane Ltd Punjab National Bank Promoter/Enterpri. having Significant Influence Reiribut.ment of GST along with int.. on Royalty F. 10 95 10 08 0.07 09% NA NA NA NA NA NA NA NA 18 PNB Heusi., Finance Ltd Puniab National Bank Plornoter/Enterpri. hae. Sieben., Influence Bank char.s Al actual, 0.10 100% NA NA NA NA NA NA NA NA 19 PHFL Horne Loan 8 Soren. Limited Puniab National Bank Promoter/Entered. haying Sianificant Influence Bank charges AI actual. 100% NA NA NA NA NA NA NA NA 20 PNB Housing Finance Ltd Punjab National Bank Promoter/Enterprisehaying Significant Influence Dividend Paid Not Applicable — 58.44 100% NA NA NA NA NA NA NA NA 21 PNB Housing Finance Ltd PNB Investment Services Limit. Promoter group entity Fees towards merchant banking and trusteeship 100 100 0% NA NA NA NA NA NA NA NA 22 PHFL Home I..n 8 Services Limited Mr. Tejendra Mohan Bhasan 8 Me /Mali Sheen Key Management Personnel and Relatim Rent paid to directors and relati.a 060 0.13 0 1/ 43% NA NA NA NA NA NA NA NA 23 PHFL Home Loan 8 Services Limited Mr. Tejendra Mohan Bhason 8 Ms. Anal, Dhasin Key Management Personnel and Boleti. Security... paid At actual@ 0% 0.07 0 07 NA NA NA NA NA NA NA NA 24 PNB Housing Finance Ltd Mr. Chandra.karan Ramakrishnans^ Key Management Personnel Sifting f.s & commission .id to directors At actuate 0.13 100% NA NA NA NA NA NA NA NA 25 PNB Housing Finance Ltd Mr. Nile. Shigi Vikanisey Key Management Personnel Sitting fees A COMITIMSIOn paid to directors At aching 0.29 100% NA NA NA NA NA NA NA NA 26 ENS Housing Finance Ltd ME Telerrdra Mahan Bhasin Key klanagenbnt Personnel Sifting fees 8 commission paid to directors At actual, Del 100% NA NA NA NA NA NA NA NA 27 PNB Housing Finance Ltd Mt Neerej Madan Vyas Key Management Personnel Sifting fees 8 commission paid to directors At actuals 0.39 100% NA NA NA NA NA NA NA NA 28 PNB Housing Finance Ltd PM Sudarshan See^ Key Management Personnel SR.° fees 8 commission Paid to directors At actuals 0.13 100% NA NA NA NA NA NA NA NA 29 PNB Housing Finance Ltd Me. Gila Newer Key Management Personnel Siding fees S commission paid to directors At actuate 066 100% NA NA NA NA NA NA NA NA 30 PNB Housing Finance Ltd B. Pavan Pal Kaushal.. Key Management Personnel Siding/es 8 commission paid to directors At actuals 0.14 100% NA NA NA NA NA NA NA NA 31 PNB Housing Finance Ltd MI Rain, Kumar Singh Key Management Personnel Ming fees 8 commission paid to directors At actual. 0.05 100% NA NA NA NA NA NA NA NA 32 PNB Housing Finance Ltd Mr. Shroekant Kev Menagerie. Personnel Siftina fees 8 commission .id to dir.tors At actuate 0.05 100% NA NA NA NA NA NA NA NA 33 PNB Housing Finance Ltd Ms. V.na G Kamath Key Managerial Personnel Remuneration Paid to KMPki As per NRC 060 - 100% NA NA NA NA NA NA NA NA 34 PNB Housing Finance Ltd MI Vinery Gupta Key Managerial Personnel Remuneration oaid to KMP's" As per NRC 1.11 100% NA NA NA NA NA NA NA NA 35 PNB Housing Finance Ltd Mr. A. Kumar Shukla Key Managerial Personnel Remuniso.n card to AMP,. As per NRC 122 100% NA NA NA NA NA NA NA NA 36 PNB Housing Finance Ltd Be Vesta G Nemeth Kev Managerial Personnel Retirement benefits to NNE's At acluals 0% 0.13 0.13 NA NA NA NA NA NA NA NA 37 PNB Housing Finance Ltd Mr. Vinay Guota Km Managerial Personnel Retirement benefits to MP's Al actuals 0% 0.29 0.27 NA NA NA NA NA NA NA NA 38 PNB Housing Finance Ltd Mr. Aiai Kumar Shukla Key Managerial Personnel Retirement benefits to KMDs At actuate • 0% 003 0.12 NA NA NA NA NA NA NA NA 39 PNB Housing Finance Ltd PNB Gilts Ltd. Promoter group entity Purchase of securities and TREPS(principal . principal) 1,600.00 158.09 1,341.06 11% NA NA NA NA NA NA NA NA 40 PNB Housing Finance Ltd PNB Gilts Ltd. Promoter group aptly Purchase of p.m.. and TRE PS Ontemnagatory) NA NA NA NA NA NA NA NA 41 PNB Heusi. Finance Ltd PNB Gilts Ltd. Promoter aro. ontilv Redemption of s.unties I iMermediaml At .luals 20000 100% NA NA NA NA NA NA NA NA 42 PNB Housing Finance Ltd PNB Gilts Ltd Peon.ter group entity Charge. on purchase of Govt secure. 8 TRAPS /.racing or Interest income on Govt securities /ken/unison of Govl securities purchased/matured, Fees as arranger for borrovengs 1.00 1.00 0% NA NA NA NA NA NA NA NA 43 PNB Housing Finance Ltd PNB Gilts Ltd. Promoter group entity Interest income on ...ties (intermediary) At .luals 101.15 100% NA NA NA NA NA NA NA NA 44 PNB Housing Finance Ltd PNB Mettle India Insurance Co. Ltd. Promoter orbs, obey Insurance premium dein on behalf of customer 150.00 67.28 8272 45% NA NA NA NA NA NA NA NA 46 PNB Housina Finance Ltd PNB Melds India Insurance Co Ltd. Promoter group entity Insurance premium paid on insurance policy 7.00 7.00 0% NA NA NA NA NA NA NA NA 96 PNB Housing Finance Ltd PNB Motile India Insurance Co. Ltd. Promoter moue, entity Insurance meeno. received back At acluals 7.29 100% NA NA NA NA NA NA NA NA 47 PNB Housing Finance Ltd PNB Mel. lode Insurance Co Ltd. Promoter group entity Insurance claims received on behalf of customer 20.00 7.79 12.21 39% NA NA NA NA NA NA NA NA 45 NOB Housing Finance Ltd PNB Mee. India Insurance Co. Ltd. Promoter group entity Foes and commission income on corporate insurance 000DCY 5800 26.14 31.86 45% 5.48 6.97 NA NA NA NA NA NA NA NA 49 PNB Housing Finance Ltd PNB Meftile India insurance Co Ltd. Promoter aro. ontitv Refund of insurance commission At acluals 0.04 100% 001 0.03 NA NA NA NA NA NA NA NA 50 PNB Housing Finance Ltd PNB Meths India Insurance Co. Lid Promote group entity Assignee., of loan through pass-through ...cabs 200 00 200.00 0% NA NA NA NA NA NA NA NA 51 PNB Ho.. Finance Ltd PNB Menlo India Insurance Co. CO. Promoter oro. entity Issuance of non convertible debentures/bonds 200.00 20090 0% NA NA NA NA NA NA NA NA 52 PNB 000400 Finance Ltd As.rn Gramin Bank Promoter mom entity Interest for investment in NCO AI actuate 166 100% NA NA NA NA NA NA NA NA 53 END H.sina Finance Ltd Bihar Gran. Bank Promote, group entity De.sits received 10000 100.00 0% NA NA NA NA NA NA NA NA 54 PNB Housing Finance CO Assam Gramin Bank Promote, groupentity Davos. received 250.00 250 00 0% 8623 3605 NA NA NA NA NA NA NA NA 55 PNB Heusi. Finance Ltd ',SENT Gramin Bank Promoter aro. entity Interest on deposit received At acluals 102 100% 1.42 NA NA NA NA NA NA NA NA 58 PNB Housing Finance Ltd Assam Gramin Bank Promoter arouo entity Decosits Matured line... interest, At actuals 5009 100% NA NA NA NA NA NA NA NA 57 PNB Housing Finance Ltd Tripura Gramin Bank Promoter aroi, entity Dews., reneged 250.00 250.00 0% 225.16 225.16 NA NA NA NA NA NA NA NA 58 PNB Housing F inane Ltd Tripura Gramin Bank Promoter arouo entity interest on deposit received At acluals 8.08 100% 7.50 NA NA NA NA NA NA NA NA 50 PNB Housing Finance Ltd Ms. Menne G Kamath Key Maria.rial Personnel Deposits received - 0% 0.06 006 NA NA NA NA NA NA NA NA 60 PNB Homing Finance Ltd Me. Menne G Kamath Key Managerial Personnel Interest on de.sit received At actuate 0.01 100% 1201 NA NA NA NA NA NA NA NA 61 PNB Heusi., Finance Ltd Me. Menne G Kernath K. Managerial Personnel Loan 0% 0.92 0.80 NA NA NA NA NA NA NA NA 62 PNB Housing Finance Ltd Me Monne G Kamath K. Managerial Personnel Interest on bane At actuate 0.03 100% 0.00 0.00 NA NA NA NA NA NA NA NA 63 PNB Heusi. Finance Ltd Haryana Gramin Bank Promoter group enlity Deposits received 60.00 50.00 0% NA NA NA NA NA NA NA NA 64 PNB Housing Finance Ltd Hirnadbl Pradesh Gramm Bank Promoter WOW onliN Deposits romved 50.00 50.00 0% NA NA NA NA NA NA NA NA 65 PNB Heusi. Finance Ltd Puniab Gramin Bank Promoter Poop entity Deposits r.e.d 50.00 50.00 0% NA NA NA NA NA NA NA NA 13B PNB Heusi. Fin.. Ltd Wes, Bengal Green Bank ['IMO.' 0,01.03 onlitv Deo.. received 100.00 loom 0% NA NA NA NA NA NA NA NA 67 PNB Housing FinanceLtd Manipur Rural Bank Promoter prism entbi Deposits received 5900 5000 0% NA NA NA NA NA NA NA NA 68 PNB VI...Finance Ltd Mr. Aial Kumar Shukla Km Managerial Personnel Dividend Paid Not Applicable" . 100% NA NA NA NA NA NA NA NA 69 PNB Housina Finance Ltd Mr. Vinav Gupta Kov Managerial Personnel Dividend Paid Nor Applicable... 0.01 - 100% NA NA NA NA NA NA NA NA 70 PNB Housina Finance Ltd Ms. V.na G Kargath Kier Manaaerial Personnel Di Wend Paid Nol Applicable•. • 100% NA NA NA NA NA NA NA NA 71 PNB Housi.Finan. Lld PHFL Home Loan 8 Barites Limited Wholly owned fellow subsidiary Dividend received 5000 5000 - 100% - - NA NA NA NA NA NA NA NA Total ---. 9 617 00 7 6. 67 7 616 10 s per guidelines acceptance et current acco.t depee s and among acc0unl tlapceils by banks incompliance with the directions issued 0055005 Bank 0f India or any other cental bank the relevant purrs mg. 10m time to tme shall not be ansidered as related party Ira section 119Excluding perquisites. exercise of stock option during the period. I 0 (standing balance includes USD 35 million which has been purchased by Puniab National Bank from HSBG bank in secondary market ""Independent Directors ceased to hold offbe during the previous year. However, commission basis Shareholder approval at AGM has been paid to them for their services as Directors up to the date of cessation in accordance with the Company's remuneration policy. • Certain transactions has been approved by Audit Committee at actuale/as per agreement. In such cases the amount appearing is equivalent to the Iransaclion entered during the period ended September 30, 2026. ''Transactions are excluding of applicable Mom 6° As per SEBI guidelines payment of dividend being a corporate actions by the heed enlity which is unibrmly applicable/offered to at shareholders in proportion to that shareholding shall not be considered as related party transaction and hence prior omnibus approval shall not be required for Me same. However. the Company is disclosing thee transactions to comply with other applicable regulations Annex-IV
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CNK & Associates LLP Chartered Accountants To, The Board of Directors, PNB Housing Finance Limited 9th floor, Antariksh Bhawan, 22, KG Marg, New Delhi- 110001 Independent Joint Statutory Auditor's Certificate with respect to maintenance of security cover pursuant to Regulation 54 read with Regulation 56(1)(d) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) 1. We, C N K & Associates LLP, the Joint Statutory auditors of PNB Housing Finance Limited ( " the Company") have been requested to certify the accompanying Annexure I depicting the Statement of Security cover for the listed non -convertible debt securities of the Company as at September 30, 2026, pursuant to the requirements of the Regulation 54 read with Regulation 56(1)(d) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, (the "SEBI Regulations"). 2. We understand that this certificate is required by the Company for the purpose of submission with BSE Limited, National Stock Exchange of India Limited and IDBI Trusteeship Service Limited ("Debt Security Trustee") with respect to maintenance of security cover in respect of listed non -convertible debt securities of the Company pursuant to Regulation 54 of Securities and Exchange Board of India (Listing Obligation & Disclosure Requirements) Regulation, 2015 ("Regulations") in the format notified by SEBI vide circular no. SEBI/ HO/ DDHS-PoD 1/ P/ CIR/ 2025/117 dated August 13, 2025. Management's Responsibility 3. The preparation of the accompanying Annexure I in required format from the unaudited standalone financial results of the Company for the quarter and half year ended September 30, 2026 and other relevant records and documents including Offer documents/Information Memorandum and/or Debenture Trust deed is the responsibility of the Management of the Company, including the preparation and maintenance of all accounting and other relevant supporting records and documents. This responsibility includes designing, implementing and maintaining internal control relevant to the preparation and presentation of the accompanying Annexure-I and applying an appropriate basis of preparation; and making estimates that are reasonable in the circumstances. 4. The Management of the Company is also responsible for ensuring that the Company complies with all the relevant requirements of the SEBI circular, SEBI Regulations, Companies Act, 2013 and other applicable laws and regulations, as applicable. Auditor's Responsibility 5. Pursuant to requirement of the SEBI Regulations, it is our responsibility to provide limited assurance with respect to security cover maintained by the Company in respect of listed debt securities outstanding as at September 30, 2026. 6. We M/s C N K & Associates LLP, Chartered Accountants jointly with M M Nissim & Co LLP, Chartered Accountants, have reviewed the unaudited standalone financial results for the quarter and half year ended September 30, 2026 prepared by the Company pursuant to the rrequirements of Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regula as amended, and issued an unmodified conclusion dated October 28, 2026. 7. We have conducted our examination of the accompanying Annexure-I, in accordance wi Note on Reports or Certificates for Special Purposes issued by the Institute of Charter Mistry Bhavan, 3rd Floor, Dinshaw Vachha Road, Churchgate, Mumbai 400 020. Tel: +91 22 6623 0600 501-502, Narain Chambers, M.G. Road, Vile Parle (E), Mumbai 400 057. Tel: +91 22 6250 7600 Website: www.cnkindia.com MUMBAI I CHENNAI VADODARA I AHMEDABAD I GIFT CITY I GURUGRAM I BENGALURU I DELHI I PUNE I KOLKATA I DUBAI I ABU DHABI I SHARJAH Annexure-V
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of India. The Guidance Note requires that we comply with the ethical requirements of the Code of Ethics issued by the Institute of Chartered Accountants of India. 8. We have complied with the relevant applicable requirements of the Standard on Quality Control (SQC) 1, Quality Control for Firms that Perform Audits and Reviews of Historical Financial Information, and Other Assurance and Related Services Engagements issued by the ICAI. 9. A limited assurance engagement includes performing procedures to obtain sufficient appropriate evidence on the applicable criteria, mentioned above. The procedures performed vary in nature and timing from, and are less in extent than for, a reasonable assurance engagement. Consequently, the level of assurance obtained is substantially lower than the assurance that would have been obtained had a reasonable assurance engagement been performed. 10. We have performed the following procedures in relation to the accompanying Annexure I: a. Obtain the list of listed secured debt securities outstanding as at September 30, 2026. b. Obtained and read the Debt Securities Trust Deed and the Information Memorandum relating to the secured Debt Securities and noted the minimum asset cover percentage required to be maintained, and the particulars of security cover required to be provided by the Company in respect of such Debt Securities. c. Traced and agreed the principal amount of the Debt securities outstanding as at September 30, 2026, as reported in the accompanying Annexure-I , to the books of accounts and unaudited standalone financial results for the quarter and half year ended September 30, 2026 d. Traced the value of the assets reported in accompanying Annexure I to the books of accounts and unaudited standalone financial results for the quarter and half year ended September 30, 2026 e. Obtained the details of the security cover maintained by the Company and traced the value of charge created against Assets to the security cover included in the accompanying Annexure-I. f. Verified the arithmetical accuracy of the computation of the asset cover percentage reported in accompanying Annexure I. Conclusion 11. Based on the procedures performed by us, as referred to in paragraph 10 above and according to the information and explanations received and Management representations obtained, nothing has come to our attention that causes us to believe that the details included in the accompanying Annexure I, regarding maintenance of hundred percent security cover or higher security cover as stated in Debt securities trust deed in respect of listed secured Debt securities of the Company outstanding as at September 30, 2026, is not in agreement, in all material respects, with the unaudited standalone financial results of the Company, underlying books of account and other relevant records and documents maintained by the Company for the quarter and half year ended September 30, 2026. Restriction on Use 12. Our work was performed solely to assist the Company in meeting its responsibilities in relation to the compliance with the requirements of the SEBI Regulations. Our obligations in respect of this report are entirely separate from, and our responsibility and liability is in no way changed by any other role we may have (or may have had) as statutory auditors of the Company or otherwise. Nothing in this report nor anything said or done in the course of or in connection with the services that are, the subject of this report, will extend any duty of care we may have in our capacity as statutory auditors of any.
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13. This certificate is being issued to the Company pursuant to the requirements of Regulation 54 read with Regulation 56(1)(d) of the Securities and Exchange Board of India (listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended). Our certificate should not be used for any other purpose or by any person other than the addressees of this certificate. Accordingly, we do not accept or assume any liability or duty of care to any other person to whom this certificate is shown or into whose hands it may come save where expressly agreed by our prior consent in writing. For C N K & Associates LLP Chartered Accountants F. Registration No. 101961W/W-100036 Hirfi Shah Partner Membership No 100052 UDIN: 26100052NDVWZZ6691 REF/CERT/VLP/272/2026-27 Place: Gurugram Date: October 28, 2026
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UD Tr-1 - 000 S2.NIDV wzz_ C( 011 Annexure I Statement for Security Cover for the listed non -convertible debt securities as at September 30, 2026 (₹ in crore) Column A Column B Column C Column D Column E Column F Column G Column H Column I Column J Column K Column L Column M Column N 1 Column O Column P Particulars Description of asset for which this certificate relate Exclusive Charge Exclusive Charge Pari-Passu Charge Pari-Passu Charge Pari-Passu Charge Assets not offered as Security Debt not backed by any assets offered as security Elimination (amount in negative) (Total C to J) Related to only those items covered by this certificate Debt for which this certificate being issued Other Secured Debt* Debt for which this certificate being issued Assets shared by pad passu debt holder (includes debt for which this certificate is issued & other debt with paripassu charge) Other assets on which there is pari- Passu charge (excluding items covered in column F) debt amount considered more than once (due to exclusive plus pad passu charge) Market Value for Assets charged on Exclusive basis Carrying /book value for exclusive charge assets where market value is not ascertainable or applicable (For Eg. Bank Balance, DSRA market value is not applicable)" Market Value for Pad passu charge Assets Carrying value/book value for pari passu charge assets where market value is not ascertainable or applicable (For Eg. Bank Balance, DSRA market value is not Total Value (-,-L.M+N+O) Relating to Column F Book Value BookValue Yes/No BookValue Book-Gralue ASSETS Property, Plant and Equipment 80.70 80.70 Capital Work-in- Progress 3.68 3.68 Right of Use Assets 157.62 157.62 Goodwill Intangible Assets 30.68 30.68 Intangible Assets under Development 5.84 5.84 Investments 3,680.15 3,680.15 Loans Book Debts 9,522.71 53,680.07 31,045.50 94,248.28 9,522.71 9,522.71 Inventories Trade and other Receivables 59.06 59.06 Cash and Cash Equivalents 2,004.13 2,004.13 Bank Balances other than Cash and Cash Equivalents 286.26 286.26 Others 822.16 822.16 Total 9,522.71 53,680.07 - - - 38,175.78 1,01,378.56 9,522.71 9,522.71 LIABILITIES Debt securities to which this certificate pertains 8,480.70 4,976.09 13,456.79 Other debt sharing pari-passu charge with above debt Other Debt (term loans) 46,136.34 46,136.34 Other Debt (term loans- unsecured) 2,260.00 2,260.00 Other Debt (deposits- unsecured) 17,704.30 . 17,704.30 Subordinated debt 39.67 39.67 Trade payables 28.77 28.77 Lease Liabilities 172.16 172.16 Provisions 34.58 34.58 Others (inclusive of interest accrued ) 336.68 262.00 966.12 1,564.80 Total 8,817.38 46,398.34 - - - - 26,181.69 81,397.41 Cover on Book Value— 1.08 ' Cover on Market Value Exclusive Security Cover Ratio 1.08 Pari-Passu Security Cover Ratio Nil " Underlying exposure is on outstanding principal basis. **Asset cover is calculated only on debt for which this certificate is being issued. Receivables under financing activities consist of loans which are carried at amortised cost. The business model for managing these loa as the value of security for the purposes of this certificate. cash flows that are solely payments of principal and interest. Accordingly these loans are not fair valued and the book value of loans are considered o p
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Finance Limi ted Eihar Ki acut - STATEMENT OF UTILIZATION OF ISSUE PROCEEDS- NON-CONVERTIBLE DEBENTURES (NCDs) — QUARTER ENDED SEPTEMBER 30, 2026 (As per Regulation 52(7) of the SEW (LODR) Regulations, 2015) Name of the Issuer ISIN Mode of Fund Raising (Public issues/ Private placement) Type of Instrument Date of raising funds Amount raised* Funds utilized* • Any deviation (Yes/No) If 8 is Yes, then specify the purpose of for which the funds were utilized Remarks, if any (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) PNB Housing Finance Limited INE572E07308 Private Placement Listed, Secured, Rated, Taxable, Redeemable Non-Convertible Debentures July 09, 2026 Rs. 5,00,09,49,000 Rs. 5,00,09,49,000 No - PNB Housing Finance Limited INE572E07316 Private Placement Listed, Secured, Rated, Taxable, Redeemable Non-Convertible Debentures September 17, 2026 Rs. 500,00,00,000 Rs. 500,00,00,000 No - - *Includes a prem m of Vinay •ta Chief Financial Officer Date: October 21, 2026 s. 9,49,000. •r c13'' z -„ 1%,°°1; N4c, ot,. T.. Zi 8 0 4. `Z,(‘ ‘t.‘G FIN OJo 9wate Asoilk VI a. c. Ili kShiPe' 1 Regd. Office: 9th Floor, Antriksh Bhawan, 22 K G Marg, New Delhi — 110 001 Phone: 011 - 660300500, E-mail: Investor.services@pnbhousing.com, Website: www.pnbhousing.com CIN: L65922DL1988PLC033856 Annexure-VI
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pnb Housing Finance Limited elhar KT Raat STATEMENT OF DEVIATION/ VARIATION IN USE OF ISSUE PROCEEDS - QUARTER ENDED SEPTEMBER 30, 2026 (As per Regulation 52(7A) of the SEBI (LODR) Regulations, 2015) Particulars Remarks Name of listed entity PNB Housing Finance Limited Mode of fund raising Public issue/ Private placement Type of instrument Listed, Secured, Rated, Taxable, Redeemable Non-Convertible Debentures Date of raising funds July 09, 2026 and September 17,2026 Amount raised Rs. 10,00,09,49,000 (5,00,09,49,000 and 500,00,00,000) • Report filed for quarter ended September 30, 2026 Is there a deviation/ variation in use of funds raised? No Whether any approval is required to vary the objects of the issue stated in the prospectus/ offer document? Ycc/No If yes, details of the approval required Not Applicable Date of approval Not Applicable Explanation for the deviation/ variation Not Applicable Comments of the audit committee after review Not Applicable Comments of the auditors, if any Not Applicable Objects for which funds have been raised and where there has been a deviation/ variation, in the following table: Original Object Modified object, if any Original Allocation* Modified Allocation, if any Funds utilized* Amount of DeviationNariation for the half year according to applicable object (INR Crores and in %) Remarks, if any The funds are being raised by the Company for enhancing its long-term resource base for carrying out its regular business activities including: NA Rs. 10,00,09,49,000 - Rs. 10,00,09,49,000 - - Purpose Percentage of fund raised (%) For disbursement of loans to borrowers Up to 100% For discharging of existing borrowings Up to 100% For General Corporate purposes Up to 25% The proceeds of this Issue after meeting all expenses of the Issue will be used by the Company for meeting issue objects. *Includes a premium of Rs. 9,49,000. Deviation could a. Deviation in b. Deviation in mean: t e •ects or purposes for which the funds have been raised e a •unt of funds utilized as against what was originally discussed. Vina pta Chief Financial Date: October Officer 21, 2026 .----- vAG s,) O Z** ( ' CO ,f,", ., 0- -4 l - _., F/4,,, wale oil+ 0 4ce, O ,.:01, 49.) * 0 - r- a OLI , 1 • 1 0or K.G. Maio ' IN( Sh BV041 Regd. Office: 9th Floor, Antriksh Bhawan, 22 K G Marg, New Delhi — 110 001 Phone: 011 - 660300500, E-mail: Investor.services@pnbhousing.com, Website: www.pnbhousinn.com CIN: L65922DL1988PLC033856
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F inance L imi ted elhar Kt f3ctat- Date: October 21, 2026 National Stock Exchange of India Limited, Listing Department "Exchange Plaza" Bandra Kuria Complex, Bandra (E), Mumbai — 400 051 Symbol: PNBHOUSING Dear Sir/ Madam, BSE Limited, Listing Department, Phiroze Jeejeebhoy Towers, Dalai Street, Mumbai — 400 001 Scrip Code: 540173 Sub: CFO Certification regarding utilisation of proceeds of Commercial Papers This certificate is pursuant to paragraph 10, Part III of Chapter XVII — Listing of Commercial Paper of SEBI Master Circular SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025, as amended from time to time, for the quarter ended September 30, 2026. We confirm that the proceeds of Commercial Papers issued by the Company during the quarter ended September 30, 2026 and listed on the National Stock Exchange of India Limited were used for the purposes as disclosed in the respective Disclosure Documents/Key Information Documents and that the applicable listing conditions, as specified in the master circular cited above have been adhered to by the Company. We request you to kindly take the same on record. Thanking you, Yours fait For PNB g Finance Limited Vina upta Chief Financial Officer Regd. Office: 9th Floor, Antriksh Bhawan, 22 K G Marg, New Delhi — 110 001 Phone: 011-66030500, E-mail: Investor.services@pnbhousing.conn, Website: www.pnbhousing.com CIN: L65922DL1988PLC033856 Public Annexure-VII