Hemisphere Properties India Limited (HPIL) has announced significant changes to its ongoing land sale process in Pune, Maharashtra. The company's Board of Directors has approved key modifications to the Request for Proposal (RFP) document and extended the e-auction timeline.

RFP Amendment and Auction Extension

HPIL's Board of Directors has given the green light to Amendment No. 2 of the RFP document for the sale of land parcels located in Village Bopkhel, Pune. This amendment comes with a notable change in the auction schedule:

• The e-auction date has been extended by 15 days from the originally planned dates of September 15-16, 2025.

Document Availability

Investors and interested parties should note that the amended RFP document will be made available on the company's official websites:

• https://hpil.enivida.com
• www.hpil.co.in

HPIL has stated that the updated document will be accessible on these platforms shortly.

Background of the Land Sale Process

This development is part of an ongoing process that HPIL has been managing since late 2024:

• The company initially issued communications regarding the RFP for the land sale in December 2024.
• Further updates were provided in April 2025, indicating the company's continued focus on this significant asset disposal.

Regulatory Compliance

In line with its obligations as a listed entity, HPIL has promptly informed both the BSE Limited and the National Stock Exchange of India Limited about these developments.

This extension and amendment to the RFP document suggest that Hemisphere Properties is taking a careful approach to its land sale process, potentially to ensure maximum participation and optimal outcomes. Stakeholders and potential bidders are advised to stay updated with the latest information on the company's websites as the revised e-auction dates approach.

Hemisphere Properties India Limited (HPIL), a government enterprise, has made two significant announcements following its recent board meeting. The company has approved the allotment of Cumulative Redeemable Preference Shares (CRPS) worth Rs 50.00 crore and has also amended the Request for Proposal (RFP) for land sale in Pune.

CRPS Allotment to Government

The Board of Directors of Hemisphere Properties, in their meeting held on April 16, 2025, approved the allotment of 5 crore Cumulative Redeemable Preference Shares (CRPS) at Rs 10.00 each. This 'Tranche-3' allotment, totaling Rs 50.00 crore, will be made on a private placement basis to the company's promoter, the President of India, acting through the Ministry of Housing & Urban Affairs.

Key points of the CRPS allotment:

The company stated that these shares will remain unlisted, and the pricing and terms of the issue will be consistent with prior disclosures.

Amendment to Pune Land Sale RFP

In addition to the CRPS allotment, Hemisphere Properties has also approved an amendment to the Request for Proposal (RFP) document for the sale of land parcels in village Bopkhel, Pune, Maharashtra. This amendment follows the company's previous intimation dated December 13, 2024, regarding the issuance of the original RFP document.

The Board of Directors has approved 'Amendment No. 1' to the RFP document. Interested parties can access the updated RFP on the company's official website ( www.hpil.co.in ) and the e-procurement portal ( https://hpil.enivida.com ).

Corporate Governance

The board meeting where these decisions were made commenced at 11:40 AM and concluded at 1:25 PM on April 16, 2025. The company has duly informed the stock exchanges about these developments, maintaining transparency with its shareholders and the market.

Hemisphere Properties India Limited, with its registered office in New Delhi, continues to manage and monetize its real estate assets while adhering to regulatory requirements and corporate governance norms.