India Homes Ltd has received in-principle approval from BSE Limited for its proposed rights issue of partly paid-up equity shares. The company disclosed this development through an intimation filed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, on July 23, 2026.

BSE Approval Details

The approval was communicated by BSE Limited vide letter bearing reference No. LOD/RIGHT/RB/FIP/546/2026-27, dated July 23, 2026, in response to the company's application dated May 01, 2026. The in-principle approval grants India Homes Ltd permission to use the Exchange's name in its Letter of Offer for the proposed rights issue of partly paid-up equity shares.

Conditions and Compliance Requirements

BSE Limited has stipulated several conditions that India Homes Ltd must adhere to in connection with the rights issue. The Exchange has clarified that its approval does not constitute an endorsement of the contents of the Letter of Offer, nor does it guarantee the listing or continued listing of the company's securities.

Key compliance requirements outlined by BSE Limited include:

• The company must include the prescribed disclaimer clause of the Exchange in its Letter of Offer and in all related advertisements.
• A record date must be fixed with at least three working days' advance notice to the Exchange, along with disclosure of the rights issue price at least three working days prior to the record date.
• The company must confirm completion of posting of the Letter of Offer and composite application form before dealings in Letters of Renunciation are permitted.
• Agreements with all depositories for dematerialisation of securities must be in place, with an option provided to investors to receive allotment in dematerialised form.
• The Basis of Allotment of rights securities must be approved by the Designated Stock Exchange, even in cases of under-subscription.
• A qualified Company Secretary must serve as the Compliance Officer, as per Regulation 6(1) of the SEBI (LODR) Regulations, 2015.
• The company must comply with applicable provisions of Section 186 and 188 of the Companies Act, 2013, and Regulation 23 of the SEBI (LODR) Regulations, 2015, prior to filing the listing application.
• A certificate confirming ODI compliance must be procured from the Secretarial Auditor on or before filing of the listing application.
• All applicable charges levied by the Exchange for usage of any system, software, or similar facilities must be paid by the company.

Exchange's Disclaimer Position

BSE Limited has explicitly stated that its in-principle approval should not be construed as clearance or endorsement of the Letter of Offer. The Exchange does not warrant the correctness or completeness of the offer document's contents, nor does it take responsibility for the financial or other soundness of the company, its promoters, its management, or any scheme or project. Investors are advised to conduct independent inquiry and analysis before applying for or acquiring any securities under the rights issue.

The in-principle approval for listing of the partly paid-up equity shares proposed to be issued on a rights basis remains subject to the company completing all post-issue requirements and complying with the necessary statutory, legal, and listing formalities.

India Homes Limited has shut its trading window for all securities effective July 01, 2026, to prevent insider trading ahead of its quarterly financial announcement. The restriction applies to all Directors, Key Managerial Personnel, Senior Management Personnel, and other designated persons, along with their immediate relatives. The window will remain closed until 48 hours after the company announces its Un-Audited Financial Results for the quarter ended June 30, 2026.

The closure follows the provisions of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, and the company's adopted Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons. The Board of Directors had previously adopted this code to ensure compliance with regulatory standards.

The company stated that the specific date for convening the Board Meeting to declare the Un-Audited Financial Results will be intimated in due course. Until the results are announced and the 48-hour period elapses, the designated group is prohibited from dealing in the company's securities.

India Homes Limited, formerly known as India Steel Works Ltd, is headquartered in Khopoli, Maharashtra, with a corporate office in Mumbai. The communication was signed by Dilip Maharana, Company Secretary.