Hemisphere Properties India Limited has secured shareholder approval for a material related party transaction with Hypervault AI Data Center Limited. The resolution was passed via a remote e-voting process, concluding on June 29, 2026, with 99.49% of valid votes cast in favour.

The postal ballot sought approval for the special business regarding the transaction with Hypervault AI Data Center Limited. A total of 5,761,794 valid votes were polled, representing 2.02% of the company's outstanding shares. Public institutions and public non-institutions participated actively, while the promoter group did not cast any votes.

Voting Results Breakdown

The scrutiny of the votes was conducted by Maghisuddin of M & Co., Practicing Company Secretaries. The report confirmed that the resolution received the requisite majority required under the Companies Act, 2013, and the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Procedural Details

The remote e-voting facility was provided by Central Depository Services (India) Limited (CDSL). The voting period commenced on May 31, 2026, and concluded on June 29, 2026. The scrutinizer's report noted that there were no invalid votes or abstentions recorded during the process.

The results of the postal ballot have been submitted to the BSE Limited and National Stock Exchange of India Limited. The detailed voting results and the scrutinizer's report are also available on the company's website.

Hemisphere Properties India Limited has closed its trading window for all Directors, Officers, Designated Persons, and Connected Persons effective Wednesday, July 1, 2026. The restriction will remain in place until 48 hours after the financial results for the period ended June 30, 2026, are declared. This measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company's Code of Conduct to Regulate, Monitor and Report Trading by Insiders.

The company stated that the specific date of the Board meeting to consider and approve the financial results for the aforementioned period will be communicated later and in due course. The closure of the trading window is a standard procedure to prevent insider trading during the period leading up to the announcement of financial results.

Key Details

The disclosure was submitted to the BSE Limited and the National Stock Exchange of India Limited for information and dissemination. The communication was signed by Lubna, Company Secretary & Compliance Officer of Hemisphere Properties India Limited.