Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in continuation to the earlier disclosure dated 18.02.2026 regarding the ....
HEMIPROP · price
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Hemisphere Properties India Limited, a Government of India enterprise, has informed that the e-auction process for land situated at Bopkhel, Pune has successfully concluded on May 12, 2026. This was a continuation of an earlier disclosure dated February 18, 2026 regarding the Request for Proposal (RFP) for the e-auction. The bids received are currently under evaluation, including verification of documents and eligibility criteria of participating bidders. Upon completion of the evaluation and subject to approval by the competent authority, the successful bidder along with the bid value will be declared, and a Letter of Award/Acceptance will be issued subsequently.
This disclosure confirms that the auction process for the Pune land asset has reached a milestone. Until the successful bidder and final bid value are officially declared and approved, the financial impact on the company remains uncertain. Shareholders should await further announcements for clarity on the deal size and proceeds.