Hemisphere properties India Limited has announced the relocation of its registered office within New Delhi, effective December 17, 2025. The Board of Directors has accorded approval for this administrative change, which involves shifting the registered office within the local limits of the same city.

Office Relocation Details

The company's registered office relocation involves a move from its current location to a new address within New Delhi. The following table outlines the relocation specifics:

Regulatory Compliance

The company has fulfilled its disclosure obligations by informing the stock exchanges about this corporate action. Hemisphere Properties India Limited communicated this development to both BSE Limited and National Stock Exchange of India (NSE) pursuant to the provisions of Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time.

Stock Exchange Communication

The formal intimation was sent to both major stock exchanges where the company's shares are listed:

The notification was signed by Lubna, Company Secretary and Compliance Officer, ensuring proper authorization and compliance with regulatory requirements. This registered office shift represents an administrative change that does not affect the company's operational activities or business functions.

Hemisphere Properties India Limited (HPIL) has announced significant developments in its recent board meeting, including the approval of quarterly results, allotment of preference shares, and a major land sale approval. These updates reflect important corporate actions and financial decisions that could impact the company's future operations and financial position.

Quarterly Financial Results

The Board of Directors of Hemisphere Properties India Limited approved the unaudited standalone financial results for the quarter ended September 30. The meeting, which commenced at 3:00 PM and concluded at 4:30 PM on August 14, saw the board taking on record these financial statements.

Preference Share Allotment

In a significant move to bolster its capital structure, HPIL has allotted 7.5 crore cumulative redeemable preference shares to its promoter. The details of this allotment are as follows:

This private placement to the promoter indicates continued government support for the company's operations and future plans.

Land Sale Approval

A significant development for HPIL's asset portfolio came with the approval for the sale of the Bopkhel land parcel:

This approval may potentially unlock value from the company's land assets and improve its inventory position on the balance sheet.

Auditor's Observations

The company's auditors, M/s Aggarwal & Rampal, Chartered Accountants, have issued a Limited Review Report with some key observations:

1. Non-compliance with regulations regarding the appointment of independent directors.
2. A provision of ₹651.00 crore for stamp duty payable for land registration across states, based on 2016-17 circle rates.
3. Non-recognition of property tax/urban land tax liability for a 53.04-acre land parcel in Chennai.

These observations highlight areas where the company may need to take corrective actions to ensure full regulatory compliance and accurate financial reporting.

Conclusion

The recent developments at Hemisphere Properties India Limited, including the approval of quarterly results, preference share allotment, and land sale approval, demonstrate the company's active management of its capital structure and asset portfolio. However, the auditor's observations regarding regulatory compliance and potential tax liabilities suggest areas that may require management's attention.

Investors and stakeholders may want to closely monitor how HPIL addresses these issues and leverages its recent approvals to drive growth and value creation.