Khamgaon Land Development Acquires Isinox Shares in Inter-se Transfer Deal
Khamgaon Land Development & Trading Co. Private Limited acquired 353,333 equity shares of Isinox Limited from Indiasteel International Private Limited through inter-se/off-market trade, increasing its stake in Isinox from 8.46% to 14.11%. This transaction resulted in an indirect acquisition of 0.013% voting rights in India Homes Limited, while direct promoter group holdings in India Homes remain unchanged at 35.401%.
*this image is generated using AI for illustrative purposes only.
Khamgaon Land Development & Trading Co. Private Limited has disclosed the indirect acquisition of equity shares in India Homes Limited through the purchase of 353,333 equity shares in Isinox Limited, a promoter group company. The transaction was executed via inter-se/off-market trade on 31-03-2026, as disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Transaction Structure and Mechanism
The acquisition involved the purchase of 353,333 equity shares of Isinox Limited from Indiasteel International Private Limited. This transaction resulted in an indirect acquisition of 0.013% voting rights in India Homes Limited, as Isinox Limited holds equity shares in the target company.
| Transaction Parameter: | Details |
|---|---|
| Isinox Shares Acquired: | 353,333 |
| Transaction Mode: | Inter-se/Off Market Trade |
| Transaction Date: | 31-03-2026 |
| Seller: | Indiasteel International Pvt Ltd |
| Indirect Impact on India Homes: | 0.013% voting rights |
Shareholding Changes in Isinox Limited
Following the transaction, Khamgaon Land Development & Trading Co. Private Limited's stake in Isinox Limited increased from 530,000 shares (8.46%) to 883,333 shares (14.11%). Simultaneously, Indiasteel International Private Limited's holding reduced from 353,333 shares (5.64%) to zero.
| Entity: | Pre-Transaction Shares | Pre-Transaction % | Post-Transaction Shares | Post-Transaction % |
|---|---|---|---|---|
| Khamgaon Land Development: | 530,000 | 8.46% | 883,333 | 14.11% |
| Indiasteel International: | 353,333 | 5.64% | 0 | 0% |
| Combined Holding: | 883,333 | 14.10% | 883,333 | 14.11% |
Direct Holdings in India Homes Limited Unchanged
Despite the indirect acquisition mechanism, the direct shareholding structure of promoter group entities in India Homes Limited remains unchanged. Khamgaon Land Development & Trading Co. Private Limited continues to hold 5,080,410 shares (1.276%) directly in India Homes Limited.
| Promoter Entity: | Direct Shares in India Homes | Percentage Holding |
|---|---|---|
| Khamgaon Land Development: | 5,080,410 | 1.276% |
| Indiasteel International: | 39,099,467 | 9.822% |
| Other Promoter Group Entities: | 96,766,289 | 24.303% |
| Total Promoter Group: | 140,926,166 | 35.401% |
Regulatory Compliance and Documentation
The disclosure was filed in compliance with SEBI Takeover Regulations, with documentation digitally signed by Siddharth S. Gupta as the authorized signatory for Khamgaon Land Development & Trading Co. Private Limited on 02-04-2026. India Homes Limited maintains its total equity share capital of 398,080,925 shares, with shares listed on BSE under scrip code 513361.
Historical Stock Returns for India Homes
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.21% | -3.96% | -10.68% | +16.99% | +157.80% | +1,851.39% |
Will Khamgaon Land Development continue consolidating its position in Isinox Limited to gain greater indirect control over India Homes Limited?
What strategic rationale drove the complete exit of Indiasteel International from Isinox Limited despite maintaining significant direct holdings in India Homes?
Could this transaction signal the beginning of a broader restructuring within the promoter group's shareholding pattern across portfolio companies?
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