Questions across 2 calls

Pranav Gupta

Aionios Alpha Investment Managers

Indian Railway Finance Corporation Limited

Indian Railway Finance Corporation Limited CC-Jul25.pdf · 2025-07-23

Hello.

Yes, good morning, sir and thanks for the opportunity. Most of my questions have been answered. Just a couple of clarifications. When we look at the new entities that we're lending to that are either forward or backward linked with the railways, and obviously, we have the comfort of the multiple comfort that you mentioned earlier. But is there any specific guarantee that is being provided by these entities or by the state governments? Or is it just based on an understanding that eventually, obviously, the projects will go to the railways and the railways will sort of service the debts?

Aptus Value Housing Finance India Limited

Aptus Value Housing Finance India Limited CC-Sep23.pdf · 2023-11-03

Good afternoon and congratulations on a good set of numbers. I have a two questi ons. So first one is like last qua rter, we saw that Aptus declare dividend. I just wanted to check with you if there is any dividend policy that the Board has formulated -- if so, then what is it ? can you explain the dividend that you might payout?

Okay. Just as a follow-up to that question. Like you had mentioned last time on the call that this dividend payouts are largely to lead the business to an optimal leverage level that you think is okay. So, is there any thought on when and if we might end up stop paying dividends? And any optimal leverage level that we're targeting eventually?