The Board of Directors of Hemisphere Properties India Limited approved the allotment of preference shares to the promoter of the company at its meeting held on September 15, 2025.
The board has approved and allotted 7,50,00,000 (Seven crore fifty lakh) Cumulative Redeemable Preference Shares ("Tranche-4") of face value ₹10/- each, at par, aggregating to ₹75,00,00,000 (Rupees Seventy-Five Crore only), on a private placement basis to the Promoter of the Company, i.e., the President of India acting through the Ministry of Housing & Urban Affairs. The shares are unlisted and the pricing and terms relating to the issue of shares will remain consistent with prior disclosures.
The meeting commenced at 11.30 AM and concluded at 12.20 PM.
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