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.

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.

India Shelter Finance Corporation Limited has announced that its officials will participate in a non-deal roadshow scheduled for May 26, 2026. The event is being organized by ICICI Securities and will be conducted as a physical one-on-one interaction in Mumbai. This initiative is part of the company's engagement with prospective investors.

The company stated that the discussions during the roadshow will be based on publicly available documents. An Investor Presentation has already been uploaded to the company’s website and was intimated to the stock exchanges on May 2, 2026.

The following table outlines the details of the scheduled event:

This disclosure has been made to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company noted that the date of the event is subject to change due to exigencies on the part of the company or the analysts and investors involved.