The Shareholders of the Company at the EGM held on 23 02 2026 have approved increase in authorised share capital and consequential amendment to the Memorandum of Association of the Company
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At an Extraordinary General Meeting held on 23 February 2026, shareholders of India Homes Ltd approved an increase in the company's authorised share capital from Rs. 107 crore to Rs. 120.50 crore (roughly a Rs. 13.5 crore hike, or about 12.6% more). The equity share headroom was raised from 42 crore shares of Re. 1 each to 56 crore shares of Re. 1 each, giving an extra 14 crore equity shares of potential capacity. The preference share authorisation (6.45 crore shares of Rs. 10 each) stays unchanged. The Memorandum of Association has been amended accordingly to reflect the new capital clause.
This does not mean new shares are being issued right now — it simply creates room for the company to raise fresh equity or allot shares later. For current shareholders, this could mean potential dilution in the future if the company uses this expanded capacity, though no immediate fundraising has been announced.