India Homes Ltd

India Homes Board Meeting Outcome

India Homes Ltd's board approved raising up to ₹96 Crore through a rights issue of equity shares with a face value of ₹1 each. The board also appointed intermediaries and constituted a Rights Issue Committee to manage the process. This capital raise aims to strengthen the company's financial position for future growth.

Value

₹96.00 Cr

India Homes Fund Raise of ₹22 Cr

India Homes Limited informed that BSE Limited closed the company's application for in-principle approval regarding a proposed ₹22.00 Crore loan-to-equity conversion. The closure was due to pending clarifications on SEBI ICDR regulations. The company is evaluating BSE's observations and seeking further clarification, noting no material financial impact from this closure.

Value

₹22.00 Cr

India Homes Board Meeting Date

India Homes Ltd has scheduled a Board of Directors meeting for April 30, 2026. The board will primarily consider various capital raising options for the company. This advance notice follows SEBI Listing Regulations requirements for material corporate event planning.

India Homes Management Change

Mr. Mohamed Ali Furniturewala has resigned as an Independent Director of India Homes Limited, effective April 20, 2026. He cited an inability to devote sufficient time to company affairs due to personal reasons. The company confirmed there are no other material reasons for his departure.

India Homes Other Announcement

India Homes Limited submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (DP) Regulations for the period ended March 31, 2026. The report, issued by Purva Sharegistry (India) Pvt. Ltd., confirms the processing of dematerialisation requests for various shareholders, including the mutilation and cancellation of original certificates.

Execution

Quarter ended March 31, 2026

India Homes Share Pledge

India Steel International Pvt Ltd, a promoter of India Homes Limited, created a pledge on 1,19,05,100 shares (2.99% stake) in favor of J C Flower Assets Reconstruction Pvt Ltd. The pledge serves as collateral for loans taken by India Homes Limited, bringing the promoter's total encumbered holding to 3.19%.