India Shelter Finance Corporation Limited has received formal requests from 15 promoter and promoter group entities seeking reclassification from promoter category to public category under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company informed stock exchanges BSE Limited and National Stock Exchange of India Limited about these requests on December 16, 2025.

Shareholding Details of Requesting Entities

The reclassification requests encompass both individual promoters and corporate entities from the promoter group. The following table presents the current shareholding pattern of the entities seeking reclassification as of September 30, 2025:

Corporate Entities Seeking Reclassification

Several corporate entities associated with the Crossland group have also submitted reclassification requests:

Regulatory Compliance Confirmations

All requesting entities have provided comprehensive confirmations under Regulation 31A of SEBI LODR Regulations. The key compliance certifications include:

Ongoing Compliance Undertakings

The entities have committed to maintaining specific conditions post-reclassification:

Permanent Conditions:

• Continued compliance with voting rights, control, and special rights restrictions
• Automatic reclassification as promoter if conditions are violated

Three-Year Conditions:

• No board representation or key managerial personnel roles for minimum three years
• Automatic promoter reclassification upon violation during this period

Regulatory Process and Next Steps

The reclassification requests are subject to approval by the Board of Directors in their upcoming meeting. The board will evaluate each request against applicable conditions specified under Regulation 31A of SEBI Listing Regulations. Company Secretary and Compliance Officer Mukti Chaplot has confirmed that all request letters have been received and the information is available on the company's website at www.indiashelter.in .

This formal intimation process ensures transparency and regulatory compliance as these entities transition from promoter status to public shareholders, potentially impacting India Shelter Finance's ownership structure and governance framework.

India Shelter Finance Corporation Limited has allotted 15,000 secured, redeemable non-convertible debentures (NCDs) worth ₹1,500 crores through private placement. This move significantly exceeds the previously announced plans and represents a major financial development for the company.

Key Details of the NCD Allotment

Significance of the Issue

This NCD allotment represents a significant financial move for India Shelter Finance Corporation. By raising ₹1,500.00 crores through this private placement, the company has substantially increased its financial resources compared to the initially planned ₹200.00 crores. The quarterly interest payments and the 60-month tenure provide a structured approach to managing this debt instrument.

Investor Considerations

For investors, these NCDs offer a fixed interest rate of 7.85% per annum, payable quarterly. The security backing of the NCDs, with a minimum asset cover of 1.10 times on standard receivables, adds a layer of assurance for the debenture holders.

Regulatory Compliance

The company's disclosure of this allotment aligns with its commitment to transparency and adherence to regulatory requirements, including Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This substantial NCD allotment underscores India Shelter Finance's ability to attract significant capital and may indicate strong investor confidence in the company's financial prospects and management.