HB Estate Developers Limited has confirmed full compliance with the Securities and Exchange Board of India (SEBI) regulations for the financial year ended March 31, 2026. A report filed by A.N. Kukreja & Co. Company Secretaries verified that the listed entity adhered to the provisions of the SEBI Act, 1992, and the Securities Contracts (Regulation) Act, 1956. The review covered various regulations, including the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI (Prohibition of Insider Trading) Regulations, 2015.

The practicing company secretary reported no deviations from the compliance requirements during the review period. Additionally, there were no observations or remarks from previous reports that required remedial action by the entity. The report confirmed that no actions were taken against the company, its promoters, directors, or subsidiaries by SEBI or the stock exchanges.

Compliance Status

The company confirmed compliance with key operational and governance requirements. The status for specific areas reviewed during the period is detailed below:

Governance and Disclosures

HB Estate Developers Limited stated that all applicable policies under SEBI Regulations were adopted with board approval and updated timely. The entity maintained a functional website with accurate web-links for documents required under Regulation 27(2). Regarding related party transactions, the company obtained prior approval from the Audit Committee for all such transactions, and no events occurred where such approval was missing.

The report also confirmed that the Board, Independent Directors, and Committees underwent performance evaluation at the start of the financial year. The company preserved records as prescribed under SEBI Regulations and followed the Policy of Preservation of Documents and Archival policy. The statutory auditor did not resign from the entity during the financial year.

HB Estate Developers reported a net profit of ₹1170.38 lakh for the financial year ended March 31, 2026, an increase from ₹1079.45 lakh in the previous year. Revenue from operations for the year stood at ₹11692.63 lakh, compared to ₹11769.55 lakh in FY25. The Board of Directors approved the audited financial results for the fourth quarter and year ended March 31, 2026, on both a Standalone and Consolidated basis at its meeting held on May 29, 2026.

Financial Performance for FY26

The company's total income for FY26 was ₹11845.51 lakh, slightly lower than ₹12006.66 lakh in the previous year. For the quarter ended March 31, 2026, the net profit was ₹354.72 lakh, while revenue from operations was ₹3297.29 lakh. Basic earnings per share (EPS) for the year stood at ₹5.19, down from ₹5.31 in the previous year.

Board Decisions and Auditor's Report

The Board approved the re-appointment of M/s Marv & Associates LLP, Chartered Accountants, as the Internal Auditor for the financial year 2026-27. The Statutory Auditors, N.C. Aggarwal & Co., issued an unmodified opinion on the audited financial results. The company recognized a provision of ₹36.24 lakh towards gratuity and leave encashment following the implementation of new Labour Codes effective May 8, 2026.

Capital Structure and Cash Flows

During the financial year, the company allotted 1,500,000 equity shares following the exercise of options by holders of convertible warrants. Paid-up equity share capital increased to ₹2323.37 lakh as of March 31, 2026. Net cash from operating activities for the year was ₹4547.22 lakh, while cash and cash equivalents at the end of the period stood at ₹1325.97 lakh.