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 Ltd (formerly Ritesh Properties and Industries Limited) has called an Extraordinary General Meeting on December 18, 2025 to seek shareholder approval on three items. The key resolutions are: (1) approval of material related party transactions with Finton Homes, a partnership firm where the company holds a controlling 55% interest, with proposed transaction value up to Rs. 100 crore (about 168.63% of consolidated turnover); (2) approval for the company's exit from Finton Homes by way of retirement as a partner; and (3) approval of related party transactions arising from this exit. Finton Homes is in the real estate business (affordable group housing) and reported turnover of Rs. 53.02 crore, PAT of Rs. 28.37 crore, and net worth of Rs. 133.52 crore in FY2024-25. Other partners are Mr. Hemant Sood and Mr. Chander Shekhar, each holding 22.5%.
Shareholders will vote on a major exit from a controlling partnership stake that contributes significantly to the company's operations, which could free up capital tied up in affordable housing but also reduce exposure to a profitable venture. Approval of these resolutions could lead to material changes in the company's financial profile and real estate portfolio.