India Homes will hold its 39th Annual General Meeting on Friday, September 25, 2026, at 2 pm (IST) through Video Conferencing or Other Audio Visual Means. The meeting features significant special business including a proposed ₹55 crore investment in Level Enterprises LLP and the approval of omnibus related-party transactions.

The company notified the Bombay Stock Exchange of the meeting details on August 29, 2026. In compliance with Ministry of Corporate Affairs and SEBI circulars, the Notice of the AGM along with the Annual Report for FY26 was sent electronically to members with registered email addresses on September 1, 2026. A newspaper advertisement regarding the electronic dispatch was published in Free Press Journal and Navashakti on September 3, 2026.

Special Business Agenda

The most prominent item on the agenda is the proposed investment in Level Enterprises LLP. The company seeks shareholder approval to make an investment and capital contribution of up to ₹55 crore to acquire up to 99% partnership interest in the LLP. Currently, the LLP’s total capital contribution is ₹1 lakh, held entirely by Managing Director Varun S. Gupta and Joint Managing Director Siddharth S. Gupta.

Additionally, shareholders are asked to approve material related-party transactions for FY27 and FY28 with various promoter-linked entities. The omnibus approval covers transactions up to ₹50 crore each with entities such as Khamgaon Land Development, Leap India Institute, Isinox Limited, Isistar Exports, Isicom Traders, Yeotmal Land Development, Isimetals India, Isisales India, Isiworld Steels, India Steel International, Harbour View Realty, Watertight Developers, Airtight Developers, Leap India Brand Hub Services, Level Constructions, and Gupta Housing Private Limited.

A separate resolution seeks approval for Executive Chairman Sudhir H. Gupta to enter into agreements for the acquisition of development rights for land in Wadala (up to ₹200 crore) and Chembur (up to ₹1,000 crore).

Corporate Governance Changes

The meeting will also see the appointment of M/s. CGCA & Associates LLP as the new statutory auditors, succeeding Laxmikant Kabra & Co LLP which completes its second term. The proposed remuneration for CGCA & Associates is ₹5 lakh plus taxes, compared to the outgoing auditor’s entitlement of ₹8 lakh per annum.

Managing Director Varun S. Gupta retires by rotation and offers himself for re-appointment. The board also seeks approval for transactions under Section 186 of the Companies Act, allowing investments, loans, or guarantees up to ₹100 crore.

Meeting Logistics

Members can attend and participate in the AGM through the VC/OAVM facility. The deemed venue is the Registered Office at India Steel Works Complex in Khopoli, Raigad. Remote e-voting will be available from Monday, September 21, 2026, at 9 am to Thursday, September 24, 2026, at 5 pm. The record date for determining eligibility is Friday, September 18, 2026. The Share Transfer Books and Register of Members will remain closed from Saturday, September 19, 2026 to Friday, September 25, 2026.

Physical copies of the Notice and Annual Report will be dispatched only to members who explicitly request them by providing their Folio Number or DP ID and Client ID. CS Mayur More has been appointed as the scrutinizer for the voting process.

Promoter group entity Isisales India Private Limited has submitted a revised substantial acquisition and takeover (SAST) disclosure regarding an off-market transfer of 378,209 equity shares in India Homes . The filing corrects discrepancies in the initial intimation dated August 14, 2026, specifically addressing errors in the recorded transfer dates and post-disposal shareholding percentages.

The revised disclosure, dated August 20, 2026, clarifies that while 300,000 shares were initially reported with a transfer date of August 14, the actual transaction was effected on August 18, 2026, due to a submission error with the depository participant. The remaining 78,209 shares were transferred on August 12, 2026. The company also corrected the mathematical totaling of shares and percentages following the disposal.

Transaction Details

The off-market transfer reduces Isisales’ stake in India Homes from 1.965% to 1.890%. The total promoter group holding remains largely unchanged, dipping slightly from 34.252% to 34.176% due to this specific disposal. No other promoters altered their holdings during this period.

What the Numbers Show

The correction highlights a minor administrative delay rather than a strategic shift in ownership structure. The bulk of the transaction (300,000 shares) was completed two days later than initially reported, but the final holding reflects the intended reduction. The promoter group’s consolidated stake remains above 34%, indicating stable control despite the small off-market sale by one entity within the group. Other promoter entities, including Yeotmal Land Development and India Steel International, maintained their exact pre-transfer holdings.