Hampton Sky Realty Limited has announced that its wholly owned subsidiary, Hampton Sky Hospitality Private Limited, has entered into a Memorandum of Understanding for a joint development project in Ludhiana. The MoU was signed on April 13, 2026, with multiple parties including individual landowners and development companies for a large-scale mixed-use development at Village Gahour.

Project Details and Location

The proposed project involves identifying, negotiating and consolidating contiguous parcels of land located at Village Gahour, Baddowal and Karimpura, Sub-Tehsil Mullanpur Dakha, Ludhiana. The development will primarily comprise residential plotting, along with partial development of built-up residential units and commercial components such as shops and shop-cum-offices.

Financial Commitments

Hampton Sky Hospitality Private Limited has paid a refundable security deposit of Rs. 5,00,00,000 as part of the MoU execution. The payment has been distributed among the parties as follows:

An additional sum of Rs. 5,00,00,000 shall be payable upon registration of the project land. The refundable security deposit will be adjustable against the parties' share of revenue and shall be refundable without interest if the proposed project does not proceed, subject to the terms of the MoU.

Key Terms and Conditions

The joint development obligation becomes binding only upon consolidation of a minimum of 50 acres of land with clear and marketable title by December 15, 2026. Hampton Sky Hospitality Private Limited retains the right to require execution of definitive agreements prior to achieving this minimum consolidation threshold.

All land acquisition post-execution of the MoU will be undertaken in the name of Soopan Bagh Developers Private Limited. The parties have agreed not to engage with any third-party developer regarding the project land during the subsistence of the MoU and until full settlement of the refundable security deposit.

Development Structure

Upon execution of definitive agreements, the parties will undertake development through a Special Purpose Vehicle or other joint development model as mutually agreed. All approvals for the proposed project shall be obtained in the name of the SPV if incorporated. Major commercial decisions will require mutual consent of all parties involved.

Risk Management

In case of failure to achieve the minimum consolidation threshold or termination of the MoU, the parties must refund the security deposit. Any delay beyond agreed timelines will attract interest at 24% per annum, and Hampton Sky Hospitality Private Limited shall have a first charge on the project land until full repayment.

The company expects this MoU and subsequent definitive agreements to significantly contribute to business expansion, enhance market presence, and create long-term value through strategic collaboration and increased revenue opportunities.

Hampton Sky Realty Limited has formally responded to BSE Limited's inquiry regarding significant price movement in its scrip. The company submitted its clarification on April 09, 2026, addressing concerns raised by the stock exchange about unusual trading activity.

BSE Inquiry and Company Response

The response came following BSE's letter bearing reference number L/SURV/ONL/PV/APJ/2026-2027/3519 dated April 08, 2026, which sought clarification on significant movement in Hampton Sky Realty's share price. The company's reply was directed to the General Manager of BSE's Department of Corporate Services.

Regulatory Compliance Statement

Hampton Sky Realty Limited affirmed its adherence to regulatory requirements in its response to BSE. The company stated that it has been complying with provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company emphasized that it has been disclosing all material events and information that have a bearing on the operation and performance of the company to the stock exchanges. Hampton Sky Realty also submitted that to the best of its knowledge and belief, all events and information that may impact price behavior in the scrip have been disclosed in accordance with SEBI LODR regulations.

Corporate Authorization

The response was officially signed by Tarandeep Kaur, who serves as Company Secretary and Compliance Officer for Hampton Sky Realty Limited. The document bears her digital signature dated April 09, 2026, with membership number ACS:42144.

The company, formerly known as Ritesh Properties and Industries Limited, requested BSE to take the submitted information on record. This response demonstrates Hampton Sky Realty's commitment to maintaining transparency and regulatory compliance in its stock exchange communications.