Re-Constitution of Committees of the Board of Directors
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HB Portfolio Limited has reconstituted two key committees of its Board of Directors with immediate effect, effective August 22, 2025. The Audit Committee and the Nomination and Remuneration Committee now both have the same three members: Mr. Harbans Lal as Chairman, and Mrs. Asha Mehra and Mr. Gurjot Singh Narang as Members. All three are classified as Independent, Non-Executive Directors. The change was disclosed to BSE under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations. The letter was signed by Mohit Chauhan, Company Secretary and Compliance Officer.
This is a routine corporate governance update with no change in the company's operational leadership or business direction. Shareholders are unlikely to see any material impact on stock price, though the committees now consist entirely of independent directors, which is generally viewed as a positive governance signal.