Disclosure under Reg 30 - outcomes of Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Hampton Sky Realty's board has approved the company's exit from Finton Homes, a partnership firm where it held a 55% stake, by executing a Retirement-Cum-Addendum Deed on 26th December 2025. Shareholder approval had already been obtained at an EOGM on 18th December 2025. The total consideration is Rs 5,222.29 lakhs — Rs 4,800.72 lakhs in cash and Rs 421.57 lakhs via transfer of a land/building parcel (Hampton Homes, Ludhiana, 0.25 acres). Finton contributed 60.74% of the company's revenue (Rs 1,560.42 lakhs) and 9.59% of net worth in the last financial year. The full payment is due within 4 months from execution date, and proceeds will be used to repay the company's outstanding debt of Rs 5,721.41 lakhs, aiming to make it substantially debt-free. The transaction is with related parties (Mr. Hemant Sood and Mr. Chander Shekhar, with Mr. Sood linked to promoter group entity Findoc Finvest), conducted at arm's length per an independent valuation.
This is a positive deleveraging move — the company will receive over Rs 52 crore, most of it within 4 months, to clear nearly all of its ~Rs 57 crore debt. However, investors should note the loss of a revenue-generating partnership that contributed over 60% of turnover, which means the company will be leaner but dependent on new business plans going forward.