Pursuant to the applicable provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that today i.e. June 28, 2019, Indiabulls Real Estate Limited ('the Company'), has issued and allotted 23,06,212 (Twenty Three Lac Six Thousand Two Hundred and Twelve only) fully paid-up Equity shares of face value Rs. 2/- each, to eligible employees upon exercise of options vested in their favour under 'Indiabulls Real Estate Limited - Employees Stock Option Scheme 2010'.

Consequent to the said allotment, the paid-up Equity share capital of the Company stands increased from Rs. 90,47,15,328/- divided into 45,23,57,664 Equity shares of face value Rs.2/- each, to Rs. 90,93,27,752/- divided into 45,46,63,876 Equity shares of face value Rs.2/- each.