India Shelter promoters declare no share encumbrance in FY26

1 min read Updated on 04 Jun 2026, 01:20 AM

Reviewed by

Riya DScanX News Team

AI Summary

India Shelter Finance Corporation Limited disclosed declarations from its promoters confirming no encumbrance on shares during the financial year ending March 31, 2026. The filing, submitted to BSE and NSE on April 07, 2026, complies with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Promoters Anil Mehta, WestBridge Crossover Fund, LLC, and Aravali Investment Holdings affirmed the status.

*this image is generated using AI for illustrative purposes only.

india shelter finance disclosed that its promoters have confirmed no encumbrance was created on the company's shares during the financial year ending March 31, 2026. The disclosure was submitted to the stock exchanges on April 07, 2026, in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulatory requirement mandates promoters to declare whether their shareholdings are free from any charges or liens.

The filing includes declarations from three key promoters: Anil Mehta, WestBridge Crossover Fund, LLC, and Aravali Investment Holdings. Each entity stated that no encumbrance was made directly or indirectly on the shares of India Shelter Finance Corporation Limited during FY26. WestBridge Crossover Fund, LLC and Aravali Investment Holdings specified that their declarations exclude any encumbrances previously disclosed to the exchanges.

The declarations were signed and submitted by the promoters on April 06, 2026, prior to the company's consolidated submission to the exchanges. The document was formally filed by Mukti Chaplot, Company Secretary and Compliance Officer of India Shelter Finance Corporation Limited. The corporate office is located in Gurgaon, Haryana.

The following table details the promoters who submitted the declarations:

S.No.	Name of the Promoter
1.	Anil Mehta
2.	WestBridge Crossover Fund, LLC
3.	Aravali Investments Holdings

The declarations were addressed to BSE Limited and the National Stock Exchange of India Limited, with copies marked to the Audit Committee of the company. The Scrip Code for the company on BSE is 544044, and the NSE Symbol is INDIASHLTR.

Historical Stock Returns for India Shelter Finance

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.60%	-3.89%	-8.18%	-11.33%	-12.28%	+38.92%

How will this clean encumbrance status impact India Shelter Finance's ability to raise future capital or secure loans?

What potential strategic shifts might WestBridge Crossover Fund or Aravali Investment Holdings consider given their clear shareholding status?

Could this disclosure signal upcoming changes in promoter shareholding patterns or stake sales in the near term?

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India Shelter publishes postal ballot notice for promoter reclassification

3 min read Updated on 27 May 2026, 09:13 PM

Reviewed by

Ashish TScanX News Team

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AI Summary

India Shelter Finance Corporation Limited has initiated a postal ballot process, publishing the notice in newspapers on May 26, 2026, to seek shareholder approval for reclassifying 16 members from the promoter and promoter group to the public category. The remote e-voting period runs from May 26 to June 24, 2026, with a cut-off date of May 22, 2026, determining eligibility. The reclassification, subject to regulatory approvals under SEBI Regulations, includes Mr. Anil Mehta and various Crossland group entities, with results expected by June 29, 2026.

*this image is generated using AI for illustrative purposes only.

India Shelter Finance Corporation Limited has published the Notice of Postal Ballot in newspapers to seek shareholder approval for the reclassification of 16 members from its promoter and promoter group to the public category. The notice was published in the English newspaper Business Standard and the regional newspaper Navodaya Times on Tuesday, May 26, 2026. The company received no-objection certificates from BSE Limited and National Stock Exchange of India Limited on May 21, 2026. The reclassification request, submitted on February 10, 2026, under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, aims to alter the shareholding structure effective immediately upon receipt of necessary approvals.

Voting Schedule and Process

The remote e-voting facility will be available to members whose names appear in the register of members or list of beneficial owners as on the cut-off date of Friday, May 22, 2026. The voting period commences on Tuesday, May 26, 2026, at 9:00 A.M. (IST) and concludes on Wednesday, June 24, 2026, at 5:00 P.M. (IST). The results of the postal ballot are expected to be announced on or before Monday, June 29, 2026. Mr. Jigarkumar Gandhi, a Practicing Company Secretary and Partner of M/s JNG & Co. LLP, has been appointed as the Scrutinizer to oversee the process.

Reclassification Details

The approval encompasses 15 entities and individuals who were previously classified as promoters or part of the promoter group. The list includes individual promoters and several private limited companies associated with the Crossland group. Mr. Anil Mehta, who held a 1.44% shareholding as on March 31, 2026, is among those seeking reclassification. The other individuals and corporate entities listed in the application held NIL shareholding as of the same date. The transition alters the shareholding structure of the company, subject to the approval of the resolution by the members.

Name of Promoter/Promoter Group Member	Category Pre-classification	Category Post-reclassification	Number of Shares	Percentage of Shareholding as on March 31, 2026
Mr. Anil Mehta	Promoter	Public	1,570,734	1.44 %
Mr. Adit Mehta	Promoter Group	Public	NIL	NIL
Ms. Aditi Mehta	Promoter Group	Public	NIL	NIL
Ms. Anjali Mehta	Promoter Group	Public	NIL	NIL
Mr. Sanjeeva Bhargava	Promoter Group	Public	NIL	NIL
Mr. Shalabh Mehta	Promoter Group	Public	NIL	NIL
Ms. Vipula Surana	Promoter Group	Public	NIL	NIL
Crossland Cars Private Limited	Promoter Group	Public	NIL	NIL
Crossland Earth Movers Private Limited	Promoter Group	Public	NIL	NIL
Crossland Equipo Private Limited	Promoter Group	Public	NIL	NIL
Crossland Glo Private Limited	Promoter Group	Public	NIL	NIL
Crossland Granites Private Limited	Promoter Group	Public	NIL	NIL
Crossland Parts Private Limited	Promoter Group	Public	NIL	NIL
Green Core PTE Ltd.	Promoter Group	Public	NIL	NIL
Crossland Real Estate Developers Private Limited	Promoter Group	Public	NIL	NIL

Regulatory Compliance and Disclosures

The reclassification was executed in accordance with Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company secretary, Mukti Chaplot, confirmed the receipt of the approval letters from the exchanges. The company has confirmed that the reclassifying entities do not hold more than 10% of the total voting rights, do not exercise control over the company's affairs, and are not wilful defaulters or fugitive economic offenders. The Board of Directors has recommended the resolution for approval by the members.

Historical Stock Returns for India Shelter Finance

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.60%	-3.89%	-8.18%	-11.33%	-12.28%	+38.92%

How will the reduction in the number of identified promoters impact the company's corporate governance structure and strategic decision-making?

What is the rationale behind the reclassification of entities with NIL shareholding, and does this signal a potential exit of the Crossland group from future involvement?

Could this reclassification be a precursor to a strategic stake sale or the entry of a new institutional investor?