India Homes Limited has received in-principle approval from BSE Limited for its proposed rights issue of partly paid-up equity shares. The approval was granted vide letter No. LOD/RIGHT/RB/FIP/546/2026-27 dated July 23, 2026, in response to the company's application dated May 01, 2026.

Key Requirements and Conditions:

  • The company must print a specific disclaimer clause in its Letter of Offer after SEBI's disclaimer clause and in all advertisements where BSE's name is mentioned
  • For advertisements, the company may use abbreviated disclaimer text instead of the full clause
  • A record date must be fixed with at least three working days' advance notice to the exchange
  • The rights issue price must be disclosed to the exchange at least 3 working days prior to the record date
  • The company must complete all legal and statutory formalities before finalizing offer documents
  • Final listing approval is subject to completion of post-issue requirements and compliance with necessary statutory, legal & listing formalities

Additional Compliance Requirements:

  • The company must confirm completion of posting of letter of offer & composite application form before dealings in Letters of Renunciation will be permitted
  • Agreements must be entered into with all depositories for dematerialization of securities, with option for investors to receive allotment in dematerialized form
  • Basis of Allotment must be approved by the Designated Stock Exchange, even in case of under-subscription
  • A qualified Company Secretary must be appointed as Compliance Officer as per Regulation 6(1) of SEBI LODR Regulations, 2015
  • All applicable charges for usage of exchange systems/software must be paid
  • Compliance with Sections 186 and 188 of Companies Act, 2013 and Regulation 23 of SEBI LODR Regulations must be completed prior to filing listing application
  • A certificate from Secretarial Auditor confirming ODI compliance must be procured before filing listing application

Disclaimer Requirements:

The exchange explicitly states that its permission does not constitute clearance or approval of the letter of offer, certification of correctness or completeness, warranty of listing continuation, or responsibility for the company's financial soundness. Investors must make independent inquiries before subscribing.