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  3. Indiasteel International Discloses Indirect Disposal of India Homes Shares
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India IPO
  • 02 Apr 2026
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 Indiasteel International Discloses Indirect Disposal of India Homes Shares

Indiasteel International Private Limited executed an indirect disposal of India Homes Limited equity shares by selling 353,333 shares of Isinox Limited, a promoter group company. The transaction, completed on 31-03-2026 through inter-se/off-market trade, transferred these shares to Khamgaon Land Development & Trading Co Private Limited, resulting in a 0.013% reduction in indirect voting rights while keeping direct shareholdings in India Homes Limited unchanged at 39,099,467 shares (9.822%).

Indiasteel International Discloses Indirect Disposal of India Homes Shares

Indiasteel International Private Limited has disclosed an indirect disposal of equity shares in India Homes Limited under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction was executed through the sale of shares in Isinox Limited, a promoter group company that holds equity shares in India Homes Limited.

Transaction Mechanism

The indirect disposal was achieved through the sale of 353,333 equity shares of Isinox Limited by Indiasteel International Private Limited to Khamgaon Land Development & Trading Co Private Limited. This transaction, conducted through inter-se/off-market trade on 31-03-2026, resulted in an indirect reduction of 0.013% voting rights in India Homes Limited.

Transaction Parameter: Details Isinox Shares Sold: 353,333 Transaction Mode: Inter-se/Off Market Trade Transaction Date: 31-03-2026 Indirect Impact on India Homes: 0.013% voting rights Buyer: Khamgaon Land Development & Trading Co Pvt Ltd

Shareholding Structure in Isinox Limited

Following the transaction, Indiasteel International Private Limited's holding in Isinox Limited reduced from 353,333 shares (5.64%) to zero, while Khamgaon Land Development & Trading Co Private Limited's stake increased from 530,000 shares (8.46%) to 883,333 shares (14.11%).

Entity: Pre-Transaction Shares Pre-Transaction % Post-Transaction Shares Post-Transaction % Indiasteel International: 353,333 5.64% 0 0% Khamgaon Land Development: 530,000 8.46% 883,333 14.11% Combined Holding: 883,333 14.10% 883,333 14.11%

India Homes Limited Holdings Remain Unchanged

Despite the indirect disposal mechanism, the direct shareholding of promoter group entities in India Homes Limited remains unchanged. Indiasteel International Private Limited continues to hold 39,099,467 shares (9.822%) directly in India Homes Limited, while the total promoter group holding stands at 140,926,166 shares (35.401%).

Promoter Category: Direct Shares in India Homes Percentage Holding Indiasteel International: 39,099,467 9.822% Other Promoter Group Entities: 101,826,699 25.579% Total Promoter Group: 140,926,166 35.401%

Regulatory Compliance

The disclosure was filed in compliance with SEBI Takeover Regulations, with documentation signed by Siddharth S. Gupta as the authorized signatory for Indiasteel International Private Limited on 02-04-2026. India Homes Limited maintains its total equity share capital of 398,080,925 shares, with shares listed on BSE under scrip code 513361.

Khamgaon Land Development Trading Co. Private Limited has filed an official disclosure under Regulation 29(2) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011, regarding the acquisition of 50,00,000 equity shares of India Homes Limited. The formal filing, submitted to BSE Limited and the target company on March 31, 2026, documents the off-market inter-se transfer executed on March 27, 2026.

Official Transaction Documentation

The comprehensive SEBI disclosure reveals detailed transaction parameters for the share acquisition within the promoter group structure. Siddharth S. Gupta, as the authorized signatory for Khamgaon Land Development Trading Co. Private Limited, formally communicated the transaction to regulatory authorities and the compliance officer of India Homes Limited.

Transaction Parameter: Details Acquiring Entity: Khamgaon Land Development Trading Co. Private Limited Target Company: India Homes Limited Shares Acquired: 50,00,000 equity shares Transaction Mode: Off-market inter-se transfer Transaction Date: March 27, 2026 Filing Date: March 31, 2026 Scrip Code: 513361 Stock Exchange: Bombay Stock Exchange Limited

Detailed Shareholding Analysis

The official annexure provides comprehensive pre and post-transaction shareholding details for Khamgaon Land Development Trading Co. Private Limited and other promoter group entities. The acquiring entity's shareholding increased significantly from 80,510 shares (0.020%) to 50,80,510 shares (1.276%) following the acquisition.

Shareholding Metric: Pre-Transaction Post-Transaction Khamgaon Land Development Shares: 80,510 50,80,510 Khamgaon Land Development %: 0.020% 1.276% Other Promoters Shares: 142,345,756 137,345,756 Other Promoters %: 25.559% 24.303% Total Promoter Group %: 25.579% 25.579%

Complete Promoter Group Structure

The disclosure includes a comprehensive list of all promoter group entities and their respective shareholdings in India Homes Limited. Major institutional promoters include Yeotmal Land Development & Trading Co with 43,650,000 shares (10.965%), India Steel International Pvt Ltd holding 40,599,467 shares (10.199%), and Isiworld Steels Pvt Ltd maintaining 17,837,500 shares (4.481%).

Individual Promoter Holdings

Individual Promoter: Shareholding Percentage Sudhir Gupta: 18,45,550 0.464% Varun Gupta: 6,54,800 0.164% Siddharth S Gupta: 2,19,700 0.055% Priya Gupta: 86,060 0.022%

Regulatory Compliance Framework

The filing demonstrates full compliance with SEBI takeover regulations, with Khamgaon Land Development Trading Co. Private Limited registered under CIN U45200MH1972PTC016199. The company's registered office is located at 301-304, 3rd Floor, Tower A, Naman Midtown, Senapati Bapat Marg, Elphinstone Road (W), Mumbai-400013. The total equity share capital of India Homes Limited remained constant at 398,080,925 shares throughout the transaction, ensuring no dilution for existing shareholders while facilitating internal promoter group restructuring.

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