Hemisphere Properties India Limited — Board Meeting, 14-08-2025: Outcome of Board Meeting

Hemisphere Properties India Ltd. has announced a board meeting, approving its standalone financial results for the quarter ended June 30, 2025. The company reported a net loss of Rs. 2.64 Cr for the quarter. Auditors flagged significant concerns for investors: the company still hasn't appointed the required independent directors, potentially facing penalties. A substantial stamp duty liability of Rs. 640.10 Cr from previous years remains un-reassessed, and property tax liability for its Chennai land parcel is currently unrecorded as management deems it undeterminable.