Hemisphere Properties India Limited has submitted the Exchange a copy of Srutinizers report of Postal Ballot along with a copy of minutes.
HEMIPROP · price
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Awaiting price reaction for this filing.
Hemisphere Properties India Limited (HPIL), a Government of India enterprise, has submitted the voting results of a postal ballot conducted via remote e-voting from April 5, 2025 to May 4, 2025. The single resolution sought shareholder approval for a material related party transaction with the Central Public Works Department (CPWD) for financial year 2025-26. Of the 28.5 crore total equity shares, only about 26.58 lakh shares (0.93%) were voted, with 99.43% in favour and 0.575% against. Promoters and promoter group, who hold about 14.57 crore shares, are interested in the resolution but did not vote. The resolution was declared passed with the requisite majority by the scrutiniser, Mr. Rahul Chaudhary, Practicing Company Secretary.
This is a routine procedural filing confirming shareholder approval of a government-related transaction. The overwhelming support (99.43%) suggests no shareholder concern, and the very low voting turnout (~0.93%) is typical for postal ballots. No material impact on stock price is expected from this disclosure.