Home First Finance Company India Ltd announced on Thursday, June 25, that Chief Financial Officer Nutan Gaba Patwari has resigned and will step down from her role with effect from the close of business hours on August 31, 2026. According to the company's exchange filing signed by Shreyans Bachhawat, Company Secretary, Compliance Officer and Head - Legal, Patwari has resigned "to pursue the next phase of her learning and professional journey." She will also cease to be the company's Key Managerial Personnel (KMP), Senior Management Personnel (SMP) and the authorised officer for Regulation 30 disclosures from September 1, 2026. Patwari confirmed that her decision was voluntary and that there are no other material reasons other than those stated above. The resignation was intimated to the stock exchanges pursuant to Regulation 30 read with Para A, Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Following her resignation as CFO, Patwari will continue to support Home First in a non-KMP, non-operating, time-bound advisory capacity focused on investor relations and capital markets. As reported by CNBC TV18, she confirmed that her decision was voluntary and that there are no other material reasons other than those stated above. The housing finance company stated that all statutory responsibilities, financial reporting, disclosures and management decisions will continue to be handled by the authorised management and key managerial personnel from September 1, ensuring a smooth transition. The company placed on record its appreciation for Patwari's valuable contributions and services rendered during her tenure, with all statutory responsibilities, financial reporting, disclosures and management decisions being owned by the current authorised management and Key Managerial Personnel effective from September 01, 2026.
According to Patwari's resignation letter, she reflected on her nearly eight-year stint during which she witnessed Home First evolve "from a private, growth-stage affordable housing finance platform into a mature listed institution." As reported by CNBC TV18, assets under management grew from around ₹2,000 crore to nearly ₹16,000 crore during her tenure, while the workforce expanded to more than 1,800 employees. The company also raised public market growth capital, diversified its lender base to more than 35 banks and development finance institutions, and achieved an AA (Stable) credit rating. Patwari played a significant role in scaling up operations across large and complex markets, embedding technology across its value chain, and building resilience in financial markets. The transition marks the end of her tenure during which the company evolved from a private entity to a listed institution, demonstrating significant growth and institutional maturity under her leadership.
Shares of Home First Finance ended 2.45% higher at ₹1,192 ahead of the announcement on Thursday, as reported by CNBC TV18. The stock has gained over 8% so far in 2026, while declining nearly 14% over the last one year. The company placed on record its appreciation for Patwari's contributions and services during her tenure with the company. Historical stock performance shows the stock has gained 122.56% over five years, demonstrating strong long-term growth despite recent volatility. The market's positive response reflects investor confidence in the company's transition plan and the smooth handover of responsibilities from Patwari to the existing management team.
