Isisales India Private Limited has announced the transfer of 50,00,000 equity shares of India Homes Limited through an off-market inter-se transfer among promoter group companies. The transaction was disclosed under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The share transfer was executed on March 27, 2026, involving 50,00,000 equity shares representing 1.256% of India Homes Limited's total share capital. The transaction was conducted as an off-market inter-se transfer between promoter group entities.

Impact on Shareholding Pattern

Following the transaction, Isisales India Private Limited's shareholding in India Homes Limited decreased from 17,400,400 shares to 12,400,400 shares. This represents a reduction from 4.371% to 3.115% of the total share capital.

Recipient of Transferred Shares

The transferred shares were acquired by Khamgaon Land Development & Trading Co, another entity within the promoter group. The company's shareholding increased significantly from 80,510 shares (0.020%) to 5,080,510 shares (1.276%).

Regulatory Compliance

The disclosure was made in compliance with SEBI regulations governing substantial acquisition of shares and takeovers. India Homes Limited is listed on the Bombay Stock Exchange Limited, and the transaction maintains the overall promoter group shareholding at 25.579% of the total equity capital.

The transaction represents an internal restructuring within the promoter group, with no change in the overall control or ownership pattern of India Homes Limited. All regulatory formalities have been completed, and the relevant stock exchange has been notified of the transaction.

India Homes Limited's board of directors has successfully concluded its meeting on March 24, 2026, approving the conversion of ₹220.02 crore in unsecured loans into equity shares. The meeting, held at the company's corporate office in Mumbai from 11:30 AM to 2:00 PM, addressed the previously announced loan-to-equity conversion proposal.

Board Approval Details

The board approved the issuance of up to 1.51 crore equity shares of Re. 1/- each upon conversion of unsecured loans. The conversion will be executed at a price of ₹14.60 per equity share, including a premium of ₹13.60 per share, specifically to persons belonging to the promoter category.

Promoter Allocation Structure

The equity shares will be allocated among three promoters based on their respective loan contributions:

Shareholding Impact

The conversion will significantly alter the company's shareholding pattern. Post-allotment, the total paid-up capital will increase from ₹39.81 crore to ₹41.32 crore.

Regulatory Compliance

The conversion has been structured in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and remains subject to BSE approval. The board also ratified the appointment of Mr. Mohit Jhunjhunwala as the registered valuer for securities and financial assets to issue the required valuation report.

Trading Window Status

Following the earlier announcement, trading restrictions were implemented from March 19, 2026, and will be lifted 48 hours after the board meeting conclusion, in compliance with the company's insider trading prevention code.