Hemisphere Properties India Limited — Board Meeting, 16-04-2025: Outcome of Board Meeting

The Board of Directors has announced a board meeting outcome where it approved the allotment of 5 crore Cumulative Redeemable Preference Shares (CRPS) at par, totaling ₹50 crore, on a private placement basis to the promoter, the President of India, via the Ministry of Housing & Urban Affairs. Additionally, the Board approved an amendment to the Request for Proposal document for the sale of land parcels in Bopkhel, Pune. This decision reflects strategic actions aligned with the company’s growth plans and potential land monetization efforts.