India Homes BSE Loan Conversion Approval Closed

BSE Limited closed India Homes Ltd's application for in-principle approval to convert a ₹22.00 crore loan into 15.07 million equity shares.
The closure was due to BSE not receiving required clarifications on compliance with SEBI ICDR Regulation 160(f) despite company submissions.
India Homes contends the conversion is valid under Companies Act Section 62(3) based on shareholder approval from August 2025 AGM.
The company states the closure has no material financial impact and is seeking clarification from BSE on next steps.