India homes Limited has announced a major debt resolution development, receiving approval for a comprehensive one-time settlement of its secured borrowings. The company informed the Bombay Stock Exchange about this significant financial restructuring move through a regulatory filing dated 10th March, 2025.

Settlement Details

The company received sanction on 09/03/2026 for a One Time Settlement (OTS) arrangement with J. C. Flowers Asset Reconstruction Private Limited (JCF ARC). This settlement covers the entirety of the company's secured debt portfolio.

Debt Resolution Impact

The one-time settlement represents a complete resolution of India Homes Limited's secured debt obligations. The arrangement encompasses all outstanding secured loans and facilities that the company had previously availed from various sources.

Upon completion of this settlement payment, the company will have successfully cleared all its secured borrowings. This development marks a significant milestone in the company's financial restructuring efforts and debt management strategy.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. Managing Director Varun S. Gupta signed the disclosure document, ensuring proper corporate governance protocols were followed in communicating this material development to stakeholders.

The settlement approval represents a strategic financial move that will eliminate the company's secured debt burden entirely, potentially improving its financial flexibility and operational capabilities going forward.

India Homes Limited has officially disclosed the voting results of its 1st Extraordinary General Meeting (EGM No.1/2025-26) held on February 23, 2026, in compliance with Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company successfully passed all five resolutions with requisite majority and subsequently filed intimation of Memorandum of Association (MOA) alteration on February 25, 2026.

Meeting Framework and Participation

The EGM was conducted at 2.00 P.M. through video conferencing and other audio-visual means, with 35 shareholders participating via video conferencing. The meeting included 7 shareholders from the promoter and promoter group category and 28 from the public category. The company maintained 59434 total shareholders on the record date of February 13, 2026.

Authorised Share Capital Increase and MOA Alteration

The ordinary resolution for increasing authorised share capital and consequential amendment to the Memorandum of Association received unanimous approval with 100% voting support across all participating categories. Following the EGM approval, the company filed intimation with BSE Limited on February 25, 2026, detailing the capital clause alteration.

Material Related Party Transactions and Director Appointment

The ordinary resolution to approve material related party transactions was passed with 99.9969% approval from voting shareholders. Notably, 19 shareholders from the promoter group holding 142677021 equity shares abstained from voting due to their interest in the resolution. Shareholders also approved the special resolution for appointing Mr. Mohamed Ali Altaf Furniturewala (DIN: 02878231) as Non-Executive Independent Director for a first term of 5 consecutive years with 100% approval from all voting categories.

Corporate Transaction Approvals

Two special resolutions related to corporate transactions were successfully passed. Resolution 4 approved transactions under Section 185 of the Companies Act, 2013, while Resolution 5 approved investments, loans, and guarantees exceeding limits under Section 186 of the Companies Act, 2013.

Regulatory Compliance and Documentation

Mr. Mayur M More of Mayur More & Associates, Company Secretaries, served as the appointed scrutinizer for the e-voting process. The scrutinizer's report confirmed that all resolutions were passed with requisite majority, maintaining compliance with Section 108 and 109 of the Companies Act, 2013, and SEBI regulations. Company Secretary Dilip Maharana (ACS: 23014) filed the MOA alteration intimation under Regulation 30, providing detailed amendments to the capital clause as required under SEBI Master Circular dated November 11, 2024.