Intimation of Notice of postal ballot
INDIASHLTR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
India Shelter Finance Corporation is seeking shareholder approval via postal ballot for reclassification of 15 individuals/entities (collectively called 'Outgoing Promoters') from the 'Promoter and Promoter Group' category to the 'Public' category. The primary person is Mr. Anil Mehta, who holds 1,570,734 shares (1.44% stake) as of March 31, 2026. The remaining 14 related parties (including Mr. Adit Mehta, Ms. Aditi Mehta, Ms. Anjali Mehta, and various Crossland entities) hold NIL shares. Mr. Anil Mehta stepped down as Managing Director in November 2021 and as Chairman in July 2023 due to personal commitments, and since then has had no involvement in management or business decisions. The company received No Objection Certificates from both BSE and NSE on May 21, 2026. Remote e-voting runs from May 26 to June 24, 2026, with results expected by June 29, 2026.
The reclassification reduces the official promoter group footprint but has limited direct shareholding impact since Mr. Anil Mehta holds only 1.44%. However, it formalises his departure from the company's governance structure and may signal a cleaner promoter profile going forward. Results will be announced by June 29, 2026.