India Homes Limited Board Approves Rights Issue to Raise Up to Rs. 96 Crores

India homes Limited has announced board approval for a significant rights issue aimed at raising funds up to Rs. 96,00,00,000. The decision was taken during a board meeting held on April 30, 2026, as disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Rights Issue Details

The board has approved the issuance and allotment of equity shares with a face value of Re. 1.00 each for an aggregate amount not exceeding Rs. 96,00,00,000. The rights issue will be offered to eligible equity shareholders of the company as on the record date, which will be notified subsequently.

Parameter Details Issue Type Rights Issue Securities Type Equity Shares Face Value Re. 1.00 per share Maximum Amount Rs. 96,00,00,000 Eligibility Existing equity shareholders as on record date

The rights issue is subject to receipt of applicable regulatory and statutory approvals in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the Companies Act, 2013.

Corporate Governance Measures

The board has constituted a Rights Issue Committee effective from April 30, 2026, to oversee the proposed issue. The committee comprises four members representing different levels of management and independent oversight.

DIN Name Designation Committee Position 00010853 Sudhir H. Gupta Executive Chairman Chairman 02938137 Varun S. Gupta Managing Director Member 03640615 Siddharth S. Gupta Jt. Managing Director Member 05117360 Santosh P. Bhosale Independent Director Member

Implementation Process

The company has also appointed various intermediaries for the proposed rights issue, though specific details of these appointments were not disclosed in the regulatory filing. The detailed terms of the rights issue, including the application procedure, will be specified in the letter of offer to be sent to eligible shareholders in due course.

The board meeting commenced at 4:00 PM and concluded at 5:45 PM on April 30, 2026. The company's registered office is located at India Steel Complex, Khopoli, Raigad, Maharashtra, while its corporate office operates from Naman Midtown, Lower Parel, Mumbai.

India Steel International Private Limited has disclosed the creation of a pledge on shares of India Homes Limited to BSE, as required under SEBI regulations for substantial acquisition of shares and takeovers. The pledge was created as collateral security for loans taken by India Homes Limited.

Pledge Details and Timeline

The pledge creation took place on April 2, 2026, with the disclosure made to BSE on April 6, 2026. India Steel International pledged 12,715,000 shares of India Homes Limited, representing 3.194% of the company's total share capital.

Parameter: Details Pledge Creation Date: April 2, 2026 Disclosure Date: April 6, 2026 Number of Shares Pledged: 12,715,000 Percentage of Share Capital: 3.194% Type of Encumbrance: Pledge Purpose: Collateral for loans taken by India Homes Limited

Promoter Holdings Structure

India Steel International Private Limited maintains a significant stake in India Homes Limited as part of the promoter group. The company's total holding stands at 390,999,467 shares, representing 9.822% of India Homes' share capital.

Shareholding Details: Current Position Total Shares Held: 390,999,467 Percentage of Share Capital: 9.822% Previously Encumbered Shares: 809,900 (0.203%) Post-Event Encumbered Shares: 12,715,000 (3.194%)

Regulatory Compliance

The disclosure was made in accordance with Regulation 31(1) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Sudhir H. Gupta, acting as Promoter/Director on behalf of the promoters and promoter group, signed the disclosure document.

Broader Promoter Group Holdings

The complete promoter group of India Homes Limited holds a total of 140,926,166 shares, representing 35.401% of the company's share capital. Other significant promoter entities include Yeotmal Land Development & Trading Co Private Limited with 43,650,000 shares (10.965%) and Isworld Steels Private Limited with 17,837,500 shares (4.481%).

The pledge creation reflects the promoter group's commitment to supporting India Homes Limited's financing requirements through collateral arrangements, while maintaining their substantial ownership position in the company.

We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.

Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.

As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation. We plan to change that - a technology-led platform built for super traders and long term investors.