Hemisphere Properties submitted its Business Responsibility and Sustainability Report (BRSR) for FY26 to the BSE and NSE on September 3, 2026. The Central Public Sector Enterprise reported a standalone turnover of ₹99.24 lakh and a net worth of ₹43,371.17 lakh as on March 31, 2026.

The company operates primarily through rental income from real estate assets located in Delhi, Pune, Chennai, and Kolkata. Its workforce consists of just four non-permanent employees, with no permanent staff or workers engaged directly. Maintenance and security services are outsourced to the Central Public Works Department (CPWD).

Financial and Operational Overview

Revenue is derived entirely from rental income, with exports contributing nil to total turnover. The company holds five land parcels across major Indian cities but does not undertake manufacturing activities. Consequently, provisions related to product lifecycle sustainability, waste management, and Extended Producer Responsibility (EPR) were marked as not applicable.

Regulatory Compliance and Penalties

Under Principle 1 disclosures, Hemisphere Properties revealed monetary penalties imposed by both stock exchanges for non-compliance with board composition requirements. The NSE and BSE each levied a fine of ₹41,57,140 including GST for all four quarters of FY25-26.

The company attributed these lapses to the absence of independent directors, noting that director appointments vest with the President of India via the Ministry of Housing & Urban Affairs (MoHUA). An appeal has been preferred, with the company requesting waivers based on its lack of control over board appointments. BSE had previously waived fines for earlier quarters ended December 2020.

Environmental and Social Metrics

Environmental impact remains minimal due to limited operations. Total energy consumption stood at 21.85 GJ, classified entirely under non-renewable sources. Scope 2 greenhouse gas emissions totaled 4.31 metric tonnes of CO₂ equivalent, resulting in an emission intensity of 4.34 metric tonnes per crore of turnover. This represents a slight improvement from the previous year’s intensity of 4.61.

Water withdrawal, consumption, and discharge were all reported as nil. No hazardous waste, e-waste, or plastic waste was generated during the reporting period. The company confirmed compliance with applicable environmental laws, citing no instances of non-compliance.

What the Numbers Show

The divergence between the company’s substantial asset base—reflected in a net worth exceeding ₹43,000 lakh—and its negligible operational turnover of under ₹1 crore highlights a holding-company structure focused on asset preservation rather than active revenue generation. With only four contractual employees and outsourced facility management, human capital risks are minimal, though governance gaps regarding independent director appointments remain a regulatory concern.

Hemisphere Properties has scheduled its 22nd Annual General Meeting for Monday, September 28, 2026. The virtual meeting will focus on board appointments and the adoption of financial statements for FY26.

The company will hold the AGM via Video Conferencing or Other Audio Visual Means. Shareholders eligible as of the September 21, 2026 cut-off can cast remote e-votes between September 25 and September 27, 2026.

Board Appointments

The agenda includes the appointment of four individuals to the board. Three directors were appointed by the Ministry of Housing and Urban Affairs earlier in 2026. Their formal appointments require shareholder approval.

Amit Kumar Agarwal was added as a special business item after his appointment order arrived on August 27, 2026. He will serve a three-year term as a Non-Official Independent Director. Suchit Goyal joins as a Non-Executive Director following an appointment order dated April 21, 2026.

Ordinary Business Items

Shareholders will also consider ordinary business items. This includes the re-appointment of Ravi Kumar Arora, who retires by rotation. Additionally, members will fix the remuneration for statutory auditors for FY27. The Comptroller and Auditor General of India has not yet appointed the auditors for the upcoming fiscal year.

Financial Performance Update

The annual report accompanying the notice reveals that Hemisphere Properties reported a net loss of ₹1,122.01 lakh for FY26, widening from a net loss of ₹751.85 lakh in FY25. Revenue from operations rose to ₹99.24 lakh from ₹90.64 lakh in the previous year, driven by rental income from its land assets in Pune. Total expenses increased to ₹1,862.41 lakh from ₹1,710.98 lakh, primarily due to higher finance costs and statutory expenditures associated with managing its strategic land portfolio across Delhi, Pune, Chennai, and Kolkata.