HB Estate Developers announced the demise of its Key Managerial Personnel (KMP), Ms. Banmala Jha, on August 23, 2026. The company received the information on August 24, 2026.

Ms. Jha, who was 70 years old, served as Manager designated as KMP under Section 203 of the Companies Act, 2013. She was associated with the company for a long time and contributed to its growth through her extensive experience.

Regulatory Disclosure

The disclosure is made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. N V K Rao, Company Secretary and Compliance Officer, signed the intimation.

What the Numbers Show

The departure marks the loss of long-tenured managerial leadership. With no immediate replacement details provided in the filing, the company has disclosed the cessation date as August 23, 2026.

hb estate developers has scheduled its 32nd Annual General Meeting (AGM) for September 9, 2026, to be conducted through video conferencing or other audio visual means. The meeting, deemed to be held at the company’s registered office in Gurugram, aims to transact ordinary business including the adoption of audited financial statements for the fiscal year ended March 31, 2026, and the re-appointment of a retiring director. This virtual format ensures broader shareholder accessibility while complying with regulatory exemptions granted by the Ministry of Corporate Affairs and SEBI.

The company has also intimated the web-link for its Integrated Annual Report for the financial year 2025-26, available on its website. In compliance with Regulation 36(1)(b) of the SEBI Listing Regulations, the report and AGM notice have been dispatched via email to registered shareholders. For those without registered emails, the exact path is provided on the company website. Additionally, the communication serves as a reminder for members holding shares in physical form to update their KYC particulars, including PAN, address, mobile number, bank account details, specimen signature, and nomination choice, as mandated by SEBI circulars.

The primary agenda item involves the re-appointment of Mr. Anil Goyal (DIN: 00001938) as a director. Mr. Goyal retires by rotation at this meeting and, being eligible, has offered himself for re-appointment. The Board of Directors recommends his re-appointment, citing his extensive experience in finance, taxation, and corporate restructuring. Mr. Goyal, a fellow member of the Institute of Chartered Accountants of India, brings over four decades of expertise to the Board.

Key Financial Highlights FY26

The AGM will also consider the adoption of standalone and consolidated audited financial statements for FY26. The company reported a Profit After Tax (PAT) of ₹1,170.38 lakhs, an increase from ₹1,079.45 lakhs in the previous year. Revenue from operations stood at ₹11,692.63 lakhs, reflecting a marginal decline of 0.65% compared to ₹11,769.55 lakhs in FY25.

The improvement in profitability despite stable revenues highlights the company’s focus on operational efficiency. Total expenses decreased to ₹10,068.77 lakhs from ₹10,406.12 lakhs, a reduction of approximately 3.24%. The Board decided not to recommend any dividend for the financial year ended March 31, 2026, to conserve resources for future growth opportunities.

Voting and Participation Details

Shareholders holding shares as of the cut-off date, September 2, 2026, are eligible to vote. Remote e-voting will commence on September 6, 2026, at 09:00 am and end on September 8, 2026, at 05:00 pm, facilitated by National Securities Depository Limited (NSDL). Members can join the AGM via video conferencing 15 minutes before and after the scheduled start time of 12:00 noon. The facility is available for 1,000 members on a first-come, first-served basis, excluding large shareholders, promoters, and institutional investors who have unrestricted access.

Institutional and corporate shareholders must submit a scanned copy of their board resolution or authorization letter to the scrutinizer, Ms. Jaya Yadav, via email from their registered address. The company has appointed Ms. Jaya Yadav and Ms. Anushree Khunteta as scrutinizers to ensure fair and transparent voting proceedings. Queries regarding the financial statements can be submitted to corporate@hbestate.com by September 3, 2026, at 05:00 pm.

Shareholder Compliance Reminder

The company urges shareholders with physical holdings to update their KYC details through the Registrar and Share Transfer Agent, RCMC Share Registry Pvt. Ltd. Updates can be submitted via the RTA web portal, post, or electronic mode with e-signature. Shareholders are also encouraged to dematerialize their physical securities at the earliest. Failure to update PAN, nomination, contact details, bank account details, and specimen signature may result in payments being received only through electronic mode.