Scrutiniser Report dtd.25 02 2026 of the EGM of the Company held on 23 02 2026 issued by the Scrutiniser Mr. Mayur More Practicing Company Secretary
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India Homes Ltd held its 1st EGM of FY2025-26 on 23rd February 2026 via video conferencing, where all 5 resolutions were passed with overwhelming majority. Resolution 1 (Ordinary) approved an increase in Authorised Share Capital with 100% votes in favour (14.34 crore shares). Resolution 2 (Ordinary) approved Material Related Party Transactions with 99.99% in favour, where 19 promoter shareholders holding 14.27 crore shares abstained from voting. Resolution 3 (Special) appointed Mr. Mohamed Ali Altaf Furniturewala as Non-Executive Independent Director for a 5-year term with 100% approval. Resolutions 4 and 5 (both Special) approved transactions under Section 185 of the Companies Act and investments/loans/guarantees exceeding limits under Section 186, passing with 99.99% and 99.76% in favour respectively. Total of 59,434 shareholders were on record date, and scrutiniser Mr. Mayur More confirmed the results were fair and transparent.
Shareholders have approved a major capital restructuring (authorised share capital hike), appointed a new independent director, and cleared the way for significant related-party transactions and additional lending/investment activity. The near-unanimous approval signals strong promoter and public shareholder alignment, though the very low turnout of public non-institutional shareholders (only ~0.33% of capital voted on related party items) means these decisions were effectively driven by promoter-backed votes where applicable, or represent limited retail engagement.