India Homes Ltd. Converts Loan to Equity, Board Approves Share Allotment
India Homes Ltd. announced on March 24, 2026, that its Board of Directors approved the conversion of an unsecured loan into equity shares. The company will issue up to 15,070,000 equity shares of Re. 1 each, to promoters at a price of Rs. 14.60 per share, including a premium of Rs. 13.60 per share.The conversion involves Rs. 220,02,22,000 in unsecured loans received from promoters.
Shareholder Details and Voting Rights
The following table outlines the details of the preferential allotment of equity shares:
| Sr. No | Name | Pre-Preferential Allotment Holding | Pre-Preferential Allotment % | Post Preferential Allotment Holding | Post Preferential Allotment % | Preferential Allotment of Equity Shares | Preferential Allotment of Equity Shares % |
|---|---|---|---|---|---|---|---|
| 1 | Sudhir H. Gupta | 1845550 | 0.46 | 5955550 | 1.44 | 4110000 | 27 |
| 2 | Varun S. Gupta | 654800 | 0.16 | 3394800 | 0.82 | 2740000 | 18 |
| 3 | Siddharth S. Gupta | 219700 | 0.06 | 8439700 | 2.04 | 8220000 | 55 |
The Board meeting commenced at 11:30 AM and concluded at 2:00 PM.
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