India Homes Gets Shareholder Nod to Increase Authorised Capital to ₹120.50 Crore

India Homes Limited has received shareholder approval to revise its authorised share capital and amend its Memorandum of Association (MOA). The decision was taken at a recent extraordinary general meeting and forms part of the company’s compliance and corporate restructuring process. 

Details of the Change in Authorised Share Capital 

As per the revised Capital Clause “V”, “The Authorised Share Capital of the Company is Rs.120,50,00,000/- (Rupees One hundred twenty crores fifty lakh)”, structured into 56,00,00,000 equity shares of ₹1 each and 6,45,00,000 preference shares of ₹10 each. This marks a rise from the earlier authorised capital of ₹107 crore, giving the company greater headroom to raise funds and meet future capital needs. 

The filing confirms that the alteration to the MOA has followed the prescribed governance process and shareholder approval route. The company also retains the flexibility, subject to its Articles of Association and applicable law, to vary rights attached to different classes of shares in the future. 

Recent Developments 

India Homes Limited convened its Extraordinary General Meeting on 23 February 2026 through video conferencing, in line with the applicable regulatory requirements. The meeting was duly quorate, and shareholders were provided with the facility of remote e-voting to participate in the decision-making process. 

During the meeting, shareholders considered and voted on key corporate matters, including an increase in the authorised share capital with a related amendment to the Memorandum of Association. Approvals were also sought for director-related matters and certain transactions under the Companies Act, 2013.  

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India Homes Share Price Performance  

As of February 26, 2026, at 9:15 AM, India Homes share price is trading at ₹15.4 per share, reflecting a decline of 1.35% from the previous closing price. Over the past month, the stock has surged by 28.98%  

Conclusion 

The approved increase in authorised share capital strengthens India Homes Limited’s financial flexibility and readiness for future fundraising. The amendment to the MOA ensures compliance with regulatory norms and provides the company with greater scope to support expansion plans, capital requirements and potential strategic initiatives going forward. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

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