Repco Home Finance Limited has announced the departure of Paiyur Kuppuraman Vaidyanathan, who served as Whole-time Director and Chief Development Officer of the company. According to reports from Business Standard, the departure is effective from September 16, 2026, following the reversal of his deputation by the parent organization. The company filed an intimation on September 11, 2026 disclosing that Vaidyanathan will cease in both roles effective September 16, 2026, after which he reverts to the parent organization Repco Bank. The filing, bearing reference RHFL/SE/47/2026-27, was submitted to both the National Stock Exchange of India and BSE Limited in compliance with SEBI regulations.
As reported by Business Standard, the cessation is attributed to certain official exigencies that necessitated the reversal of Vaidyanathan's deputation from Repco Bank to Repco Home Finance Limited. The official reasons for the departure have not been disclosed in the company's announcement, with the company stating there was no material reason for his cessation from the positions other than those stated in the official communication. The company's compliance officer, Mr. Ankush Tiwari, confirmed that no material reason exists for the cessation beyond those stated in the promoter's communication. According to the latest disclosure, Repco Bank communicated through a letter dated September 11, 2026 its decision to reverse the deputation, citing certain official exigencies at the promoter organization.
According to Business Standard, the departure will result in Vaidyanathan ceasing as Whole-time Director and Chief Development Officer of Repco Home Finance Limited effective from September 16, 2026. This change represents a significant shift in the company's leadership structure following the reversal of his deputation arrangement and his reversion to the parent organization. The disclosed terms indicate that since Vaidyanathan was on deputation from the promoter entity, Repco Bank, the reversal decision originated with the promoter rather than the company's board. Notably, no successor appointment has been disclosed in this filing, which shareholders will observe as a point worth monitoring in subsequent exchange announcements.
The company has ensured proper regulatory adherence by filing the intimation under Regulation 30 and Regulation 51 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. As per the latest disclosure, Company Secretary and Compliance Officer Ankush Tiwari signed the filing on September 11, 2026, demonstrating the company's commitment to maintaining transparency and regulatory compliance. The filing was made in compliance with SEBI regulations, ensuring that stakeholders are properly informed about the leadership transition and its implications for the company's operations. The disclosure was prepared in compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Repco Home Finance Limited (NSE: REPCOHOME), headquartered in Chennai, Tamil Nadu, is a housing finance company operating primarily in southern India. According to the latest disclosure, the company offers home loans, home improvement loans, and loans against property, focusing significantly on non-salaried and self-employed borrower segments. The company is promoted by Repco Bank and is registered as a Housing Finance Company with the National Housing Bank. The departure of a Whole-Time Director from an executive role can result in a transitional period in senior management, though the company has explicitly confirmed there is no material reason for Vaidyanathan's cessation beyond the deputation reversal. The housing finance sector in India remains subject to active oversight by the National Housing Bank and SEBI, with listed housing finance companies required to maintain timely disclosures of management changes under Regulation 30.
