HB Estate Developers Ltd — Important, 14-10-2025: Company Update

HB Estate Developers' Securities Committee has allotted 750,000 new equity shares to Meridian Securities Private Limited. These shares were issued upon conversion of 750,000 previously held warrants at an issue price of ₹65.25 per share, including a premium. The company received ₹3.67 Cr as the final payment for these warrant conversions. This allotment increases the company's paid-up equity share capital to ₹22.96 Cr, consisting of 2.29 Cr fully paid-up equity shares. This move strengthens the capital base and reflects the conversion of existing financial instruments into equity.