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India Homes MD, chairman and AGM

BSE: 513361RealtySmall Cap

India Homes Limited · Face value ₹1 · Listed Sep 1992
Last close ₹26.00up ₹0.55 (2.16%)

Share price at the BSE close on 29 Oct 2026. Previous close ₹25.45.

29 Oct: open ₹25.35, high ₹26.90, low ₹24.85

52-week range of traded prices to 29 Oct 2026
₹9.04Low, 9 Dec 2025₹31.93High, 5 Oct 2026
Market cap
₹1,035 Cr1,696th largest listed
P/E
43.91
P/E without one-offs
61.17
P/B
23.00
Dividend yield
Nonein the last 12 months
ROE
66.0%
ROE without one-offs
47.4%
ROCE
14.3%
Debt to equity
2.03
Volume, BSE
4,50,021

India Homes' chairperson is Sudhir H. Gupta and its managing director Varun S. Gupta, as filed for the quarter to Jun 2026. Its latest annual general meeting was on 25 Sep 2026.

India Homes board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonSudhir H. GuptaRelated to the promoter
  • Managing directorVarun S. Gupta

8 directors4 independent3 executive1 non-executive

  • Sudhir H. Gupta · ChairpersonExecutive · joined Feb 1990 · reappointed Nov 2024 · 36 months as independent · 1 listed board
  • Varun S. Gupta · Managing directorExecutive · joined Dec 2009 · reappointed Nov 2024 · 36 months as independent · 1 listed board
  • Siddharth S GuptaExecutive · joined Nov 2024 · 36 months as independent · 1 listed board
  • Priyanka V. GuptaNon-executive · joined Sep 2023 · reappointed Sep 2023 · 1 listed board · 2 committee seats, 1 as chair
  • Shivanand S. BhaleraoIndependent · joined Sep 2022 · 60 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Santosh P. BhosaleIndependent · joined Sep 2022 · 60 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Ratna D. RanjanIndependent · joined Dec 2023 · 60 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Rajesh G. PoteIndependent · joined Nov 2024 · 60 months as independent · 1 listed board · 1 as independent

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • Mohamedali Altaf Furniturewala, left 20 Apr 2026: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 15 May 20268 of 8 present4 independent · 14 days in between
    • 30 Apr 20268 of 8 present4 independent · 36 days in between
    • 24 Mar 20269 of 9 present5 independent · 47 days in between
    • 4 Feb 20268 of 8 present4 independent · 10 days in between
    1 earlier meeting
    • 24 Jan 20268 of 8 present4 independent
  • Audit Committee

    Chair Santosh P. Bhosale

    Shivanand S. Bhalerao, Ratna D. Ranjan, Priyanka V. Gupta

    • 15 May 20264 of 4 present3 independent
    • 4 Feb 20264 of 4 present3 independent · 10 days in between
    • 24 Jan 20264 of 4 present3 independent
  • Nomination and remuneration committee

    Chair Shivanand S. Bhalerao

    Santosh P. Bhosale, Ratna D. Ranjan, Priyanka V. Gupta

    • 15 May 20264 of 4 present3 independent
    • 24 Jan 20264 of 4 present3 independent
  • Stakeholders Relationship Committee

    Chair Priyanka V. Gupta

    Santosh P. Bhosale, Shivanand S. Bhalerao, Ratna D. Ranjan

    • 15 May 20264 of 4 present3 independent · 110 days in between
  • Corporate Social Responsibility Committee

    Chair Priyanka V. Gupta

    Varun S. Gupta, Santosh P. Bhosale, Shivanand S. Bhalerao

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • Laxmikant Kabra & Co LLPPeer-review certificate valid to Dec 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

India Homes AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.

Annual general meeting, 25 Sep 2026

51,681 shareholders on the register on 18 Sep 2026; present: 14 promoters and 35 others; votes counted by Mayur More / Mayur More & Associates.The company's voting result

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended 31 March 2026, together with the Reports of the Board of Directors and Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.17%

    Turnout: all 33.24% · promoters 96.91% · institutions 0.00% · other public 0.23%

  2. To declare dividend on the total paid-up Preference Share Capital of the Company for the financial year ended 31 March 2026
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.17%

    Turnout: all 33.24% · promoters 96.91% · institutions 0.00% · other public 0.23%

  3. To appoint a Director in place of Mr. Varun S. Gupta (DIN: 02938137), who retires by rotation and, being eligible, offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    99.83% for0.17% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.17%

    Turnout: all 0.14% · promoters 0.00% · institutions 0.00% · other public 0.23%

  4. To appoint M/s. CGCA & Associates LLP, Chartered Accountants, as Statutory Auditors of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.17%

    Turnout: all 33.24% · promoters 96.91% · institutions 0.00% · other public 0.23%

  5. To enter into material related party transactions with Level Enterprises LLP
    OrdinaryPromoters have an interest in it
    99.80% for0.20% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.20%

    Turnout: all 0.14% · promoters 0.00% · institutions 0.00% · other public 0.23%

  6. To approve Material Related Party Transaction(s)
    OrdinaryPromoters have an interest in it
    99.80% for0.20% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.20%

    Turnout: all 0.14% · promoters 0.00% · institutions 0.00% · other public 0.23%

  7. Approval to make investments and/or provide loan(s) and give guarantee(s) in excess of the limits prescribed under Section 186 of the Companies Act, 2013
    SpecialPromoters have an interest in it
    99.83% for0.17% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.17%

    Turnout: all 0.14% · promoters 0.00% · institutions 0.00% · other public 0.23%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Tax disputeSales Tax DepartmentSince 23 Mar 2019
    Amount of dispute Rs.160.11 Lacs.Appeal has been made and pending before Appellate Authority Joint Commissioner of Sales tax
    At the filing before: Pending before the Authority
  • Tax disputeSales Tax DepartmentSince 27 Apr 2022
    Amount of dispute Rs.115.28 Lacs.Appeal has been made and pending before Appellate Authority Joint Commissioner of Sales tax
    At the filing before: Pending before the Authority
  • Tax disputeCentarl Excise DepartmentSince 31 Mar 2013
    Amount of dispute Rs.53.53 Lacs.Appeal has been made and pending before Directorate General of Centarl Excise Intelligence
    At the filing before: Pending before the Authority
  • Tax disputeCentarl Excise DepartmentSince 31 Mar 2013
    Amount of dispute Rs.406.30 Lacs.Appeal was pending before CESTAT. Order received in favour of the Company.
    At the filing before: Appeal disposed of and Order passed by the authority in favour of the Company.
  • Tax disputeCentarl Excise DepartmentSince 31 Mar 2006
    Amount of dispute Rs.37.99 Lacs.Appeal has been made and pending before Commissioner of Central Excise
    At the filing before: Pending before the Authority
  • Tax disputeCentarl Excise DepartmentSince 31 Mar 2013
    Amount of dispute Rs.9.64 Lacs.Appeal has been made and pending before Additional Commissioner of Central Excise.
    At the filing before: Pending before the Authority
  • Tax disputeGoods & Services Tax DepartmentSince 26 Aug 2021
    Amount of dispute Rs.39.82 Lacs.Appeal has been made and pending before Appellate Authority Joint Commissioner of Sales tax
    At the filing before: Pending before the Authority
  • Tax disputeGoods & Services Tax DepartmentSince 17 Jan 2023
    Amount of dispute Rs.375.42 Lacs.Appeal has been made and pending before Appellate Authority Joint Commissioner of Sales tax
    At the filing before: Pending before the Authority
7 more
  • Tax disputeIncome tax DepartmentSince 28 Apr 2022
    Amount of dispute Rs.214.58 Lacs.Appeal has been made and pending before CIT Appeal.
    At the filing before: Pending before the Authority
  • Tax disputeIncome tax DepartmentSince 4 May 2022
    Amount of dispute Rs.1.28 Lacs.Appeal has been made and pending before CIT Appeal.
    At the filing before: Pending before the Authority
  • Tax disputeGoods & Services Tax DepartmentSince 30 Aug 2024
    Amount of dispute Rs.3929.41 Lacs.Writ petition was filed before Hon'ble Bombay High Court. The Hon'ble High Court, on 11 03 2026 ordered that till the adjourned date of hearing the impugned Assesment Order dtd.30.08.2024 shall not be acted upon and no recovery action shall be taken against petitioner i.e the Company.MoreLess
    At the filing before: Pending before the Authority
  • Tax disputeProfessional Tax DepartmentSince 1 Aug 2024
    Amount of dispute Rs.40.88 Lacs.Writ petition has been filed before Hon'ble Bombay High Court
    At the filing before: Pending before the Authority
  • Tax disputeProfessional Tax DepartmentSince 1 Aug 2024
    Amount of dispute Rs.13.61 Lacs.Writ petition for re-assesment has been filed before Hon'ble Bombay High Court.
    At the filing before: Pending before the Authority
  • Tax disputeGoods & Services Tax DepartmentSince 27 Feb 2025
    Amount of dispute Rs.10228.80 Lacs.Writ petition was filed before Hon'ble Bombay High Court. The Hon'ble High Court, on 11 03 2026 ordered that till the adjourned date of hearing the impugned Assesment Order dtd.27.02.2025 shall not be acted upon and no recovery action shall be taken against petitioner i.e the Company.MoreLess
    At the filing before: Pending before the Authority.
  • Tax disputeSales Tax DepartmentSince 30 Mar 2026
    Amount of dispute Rs.41 Cr. Writ filed before Hon'ble High Court.
    At the filing before: Pending before the Authority.

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved
Sep 2400Dec 2400Mar 2500Jun 2530Sep 2503Dec 2511Mar 2600Jun 26

Open at the quarter's end

Sep 240Dec 240Mar 250Jun 253Sep 250Dec 250Mar 260Jun 26
At most 3 complaints open, quarter to Sep 2025.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.