Hampton Sky Realty Limited , formerly known as Ritesh Properties and Industries Limited, has announced significant corporate actions in its recent board meeting held on November 14, 2025. The company's board has approved two major decisions: the exit from its partnership in Finton Homes and the unaudited financial results for the quarter and half-year ended September 30, 2025.

Exit from Finton Homes Partnership

The board has approved the company's retirement from its 55% stake in the partnership firm Finton Homes. This strategic move comes as the company aims to divest its stake in response to current market conditions and to explore new business opportunities. The key details of this exit are as follows:

The company plans to enter into an "Agreement to retire" to formalize its intention to exit the partnership. The final "Retirement Deed cum addendum" will be executed after obtaining shareholders' approval.

Financial Results Approval

The board has approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025. These results, along with the Independent Auditor's Limited Review Report, will be available on the company's website at www.hamptonsky.in .

Extraordinary General Meeting

An Extraordinary General Meeting (EOGM) has been scheduled for December 18, 2025, at 12:00 Noon IST, to seek shareholders' approval for the partnership exit. The meeting will be held through video conferencing. Key dates for the EOGM are:

The company has engaged Skyline Financial Services Private Limited as the RTA for e-voting services and appointed M/s. MZ & Associates as the scrutinizer for the voting process.

Debt Reduction Plan

Hampton Sky Realty plans to use the proceeds from the divestment of its stake in Finton Homes to clear outstanding debt of Rs. 5,721.41 lakh. This strategic move aims to achieve a substantially debt-free position for the company, potentially improving its financial health and flexibility for future operations.

These corporate actions reflect Hampton Sky Realty's strategic efforts to realign its business interests and improve its financial position. Shareholders and investors will be keenly watching the outcome of the EOGM and the impact of these decisions on the company's future performance.

Hampton Sky Realty Limited , formerly known as Ritesh Properties and Industries Limited, has announced significant changes in its leadership and business focus following its 38th Annual General Meeting held on September 30, 2025.

New Leadership Appointments

The company has appointed Mr. Kavya Arora as the new Managing Director and Ms. Ketki Gupta as Joint Managing Director, both for a term of three years from August 14, 2025, to August 13, 2028. These appointments come in the wake of Mr. Sanjeev Arora's resignation from the position of Chairman and Managing Director on August 3, 2025, following his appointment as a Cabinet Minister.

Mr. Kavya Arora, 38, brings over 16 years of experience from Femmella, with expertise in business management, brand development, and strategic operations. He holds a Bachelor of Business Administration in International Business from The George Washington University.

Ms. Ketki Gupta, 34, has over 10 years of progressive experience at Femmella, with a strong background in business management, strategic planning, and operational leadership. She holds a Bachelor of Arts (Honours) degree in Communications from the University of Nottingham.

Both Mr. Arora and Ms. Gupta currently serve as directors on the boards of the company's subsidiary, RPIL Healthcare Private Limited, as well as Hampton Sky Hotels Private Limited and Hampton Sky Hospitality Private Limited.

Expansion into Hospitality Sector

In a strategic move, Hampton Sky Realty has amended its Memorandum of Association to expand its operations into the hospitality industry. The company's shareholders approved the addition of new sub-clauses to the 'Main Objects' clause, enabling the company to engage in various hospitality-related activities.

The new business areas include:

• Managing and operating hotels, motels, holiday camps, restaurants, and various entertainment facilities
• Providing tourism and travel agent services
• Developing sports and other activities catering to both domestic and international tourists

This expansion marks a significant diversification from the company's previous focus on real estate.

Other Key Appointments

The company has also made several other important appointments:

• M/s HDSG & Associates, Chartered Accountants, have been appointed as statutory auditors for a term of five years.
• M/s MZ & Associates, Practicing Company Secretaries, have been appointed as secretarial auditors for five consecutive financial years from 2025-26 to 2029-30.

These changes reflect Hampton Sky Realty's commitment to strengthening its corporate governance and expanding its business horizons. The company's move into the hospitality sector could potentially open up new growth opportunities in the coming years.

Investors and stakeholders will be keenly watching how these strategic changes unfold and impact the company's future performance and market position.