Indiabulls Limited has submitted an application to National Stock Exchange of India Limited and BSE Limited seeking in-principle approval for the proposed issue and allotment of 51,55,00,000 warrants convertible into an equivalent number of fully paid-up equity shares of face value of ₹2 each on a preferential basis.

The application is made with reference to NSE letter no. NSE/LIST/55706 dated July 7, 2026 and follows an earlier submission dated June 24, 2026 regarding the release of a corrigendum to the Notice of Extraordinary General Meeting held on July 2, 2026.

Shareholding Pattern Changes

The disclosure includes detailed pre-issue and post-issue shareholding patterns on a fully diluted basis:

Pre-Issue Position (as of June 5, 2026 benpos and June 10, 2026 paid-up capital):

  • Total paid-up share capital: 232,95,43,602 shares
  • Promoters and Promoter Group holding: 76,66,36,064 shares (32.91%)
  • Indian Bodies Corporate: 66,56,18,735 shares (28.57%)
  • Foreign Individuals/HUF: 10,10,17,329 shares (4.34%)
  • Public shareholding: 147,19,05,452 shares (63.18%)
  • Employees Benefit Trust: 9,10,02,086 shares (3.91%)

Post-Issue Projection (assuming full conversion):

  • Total paid-up share capital increases to: 286,68,73,102 shares
  • Promoters and Promoter Group holding increases to: 113,21,36,064 shares (39.49%)
  • Indian Bodies Corporate remains at: 66,56,18,735 shares (23.22%)
  • Foreign Bodies Corporate acquires: 36,55,00,000 shares (12.75%)
  • Foreign Individuals/HUF remains at: 10,10,17,329 shares (3.52%)
  • Public shareholding increases to: 164,37,34,952 shares (57.34%)
  • Employees Benefit Trust remains at: 9,10,02,086 shares

The calculation assumes: (i) full subscription and conversion of 100% of the warrants into 51,55,00,000 equity shares, and (ii) full exercise of outstanding Employees Stock Options aggregating to 2,18,29,500 as on June 10, 2026.

Additional Documentation

A corrigendum to the Valuation Report dated June 23, 2026 is available on the company's website at the provided URL.

The application is signed by Ram Mehar, Company Secretary, and includes the company's registered and corporate office details with CIN L64200HR2007PLC077999.