India homes Limited's Board of Directors held a comprehensive meeting on 24-01-2026 at 11:00 AM, approving multiple strategic corporate actions that require shareholder approval. The meeting, which concluded at 11:45 AM, addressed significant changes to the company's capital structure and governance framework.

Authorized Share Capital Restructuring

The board approved a substantial increase in the company's authorized share capital structure. The existing authorized share capital will be enhanced from Rs. 107,00,00,000 to Rs. 120,50,00,000, representing an increase of Rs. 13,50,00,000.

The restructuring involves adding 13,50,00,000 new equity shares of face value Re. 1/- each and reclassifying the existing unclassified authorized share capital of Rs. 50,00,000 into 50,00,000 equity shares of Re. 1/- each.

Leadership and Governance Changes

The board approved the appointment of Mr. Mohamed Ali Altaf Furniturewala as Additional Independent Director, effective 05/02/2026. The appointment is for a five-year term and remains subject to shareholder approval at the upcoming general meeting.

Strategic Land Acquisition

The board approved the acquisition of development rights for land bearing CTS No. 890 situated at Wadala, Mumbai. The acquisition involves property from Shri Sudhir H. Gupta, who serves as the company's Executive Chairman. This transaction also requires shareholder approval at the ensuing general meeting.

Extraordinary General Meeting and Administrative Actions

Several procedural and administrative matters were addressed during the meeting:

• EGM Scheduling: The board fixed the date, time, and venue for conducting an Extraordinary General Meeting
• Notice Preparation: Approval for the EGM notice to be sent to shareholders
• Scrutinizer Appointment: Mr. Mayur M More (ACS no 35249, CP no 13104) was appointed as Scrutinizer for the EGM
• Listing Classification Change: Application to stock exchange for changing the basic industry classification from "Iron & Steel Products" to "Residential & Commercial projects"

Regulatory Compliance and Documentation

The board also approved necessary changes to the company's Memorandum of Association and Articles of Association to reflect the authorized share capital increase. All decisions were made in compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company operates from its registered office at India Steel Complex, Khopoli, Raigad, Maharashtra, and maintains its corporate office at Naman Midtown, Lower Parel, Mumbai. The meeting outcome was communicated to BSE Limited under scrip code 513361, with Managing Director Varun S. Gupta (DIN: 02938137) signing the official communication.