India Homes Limited has executed a tripartite agreement on December 15, 2025, to formalize the transfer of its registrar and share transfer agent services. The agreement marks the completion of the transition from MUFG Intime India Private Limited to Purva Sharegistry India Private Limited as the company's new registrar and transfer agent.

Regulatory Compliance and Agreement Details

The tripartite agreement was executed in compliance with Regulation 7(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This follows the company's earlier intimation dated September 30, 2025, regarding the change of registrar and transfer agent services.

Parties to the Agreement

The tripartite agreement involves three key parties with specific roles and responsibilities. India Homes Limited serves as the issuer, having its registered office at India Steel Works Complex, Zenith Compound, Khopoli, Raigad, Maharashtra. The company is listed on BSE Limited and has 92,403 shareholders as per the agreement documentation.

MUFG Intime India Private Limited, the existing share transfer agent, has its registered office at C-101, Embassy 247, L.B.S. Marg, Vikhroli (W), Mumbai. Purva Sharegistry India Private Limited, the new share transfer agent with SEBI registration number INR000001112, operates from Unit No. 9, Shiv Shakti Industrial Estate, J.R. Boricha Marg, Lower Parel (E), Mumbai.

Key Agreement Provisions

The agreement establishes comprehensive guidelines for the transition process, including data handover procedures and liability frameworks. The existing registrar has handed over all records, data, and documents to the new registrar within the specified timeframe, with proper cataloguing and indexing as required under SEBI regulations.

Critical Transition Elements:

• Complete handover of three years of records prior to cut-off date
• Independent auditor verification of transferred documents
• Capital reconciliation including NSDL, CDSL, and physical shareholdings
• No Objection Certificate obtained from existing registrar
• Tripartite hard copy documentation signed by all parties

Liability and Responsibility Framework

The agreement clearly delineates responsibilities between the parties for different time periods. All liabilities and responsibilities prior to the September 30, 2025 cut-off date remain with the issuer and existing share transfer agent as applicable. The new registrar assumes responsibility for all share transfer activities after the cut-off date, except for liabilities arising from actions taken in good faith based on data received from the previous parties.

The existing registrar will preserve soft copies of transferred data for three years post-handover, after which they will not be responsible for any loss of records. This arrangement ensures continuity of service while providing clear accountability frameworks for all stakeholders involved in the transition process.

India Homes Limited , a company facing financial challenges, has received significant relief from the Consumer Grievance Redressal Forum (CGRF) in Kalyan. The Forum has waived the company's electricity bills amounting to Rs. 6.61 crore for the period from April 2024 till date, following a review appeal filed by the company.

Key Developments

1. Electricity Bill Waiver: The CGRF has waived India Homes Limited's electricity bills totaling Rs. 6.61 crore for the period from April 2024 to the present.

2. Review Appeal: The company had filed a review appeal before the CGRF regarding matters related to electricity load, billing, and meter removal.

3. Future Load Reduction: The Forum has directed that any future load reduction requests should be made after the High Court's final judgment on MSEDCL's (Maharashtra State Electricity Distribution Co. Ltd.) writ petition.

Financial Context

To provide context to this development, let's look at some key financial metrics of India Homes Limited:

The company's balance sheet indicates a challenging financial position:

1. Declining Equity: Total equity has decreased by 33.50% year-over-year, suggesting a deterioration in the company's net worth.

2. High Current Liabilities: At Rs. 312.00 crore, current liabilities significantly exceed current assets (Rs. 157.50 crore), indicating potential liquidity issues.

3. Negative Reserves and Surplus: The company reports negative reserves and surplus of Rs. 13.40 crore in the current year, down from Rs. -0.10 crore a year ago.

Given this financial context, the electricity bill waiver of Rs. 6.61 crore represents a significant relief for India Homes Limited. This waiver may help alleviate some of the company's immediate financial pressures and improve its short-term liquidity position.

The company will need to comply with the directions issued by the Consumer Grievance Redressal Forum and has committed to keeping the stock exchange informed of any further material developments in this matter.

Investors and stakeholders should continue to monitor the company's financial performance and any updates regarding the High Court's judgment on MSEDCL's writ petition, as it may impact future electricity-related matters for India Homes Limited.