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.

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. 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.

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.

Implementation Process

The company has appointed various intermediaries for the proposed rights issue to facilitate the process. The board meeting commenced at 4:00 PM and concluded at 5:45 PM on April 30, 2026, with the Managing Director Varun S. Gupta signing the official disclosure.

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. The disclosure was submitted to BSE Limited under the company's scrip code 513361, ensuring compliance with all applicable listing regulations.

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.

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.

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.