The Board of Directors, in their meeting held on Wednesday, 20th May, 2026, inter-alia considered and approved the following: i) Audited Financial Results : In accordance with Regulations ....
HEMIPROP · price
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Hemisphere Properties India Ltd, a government enterprise, reported its audited financial results for the quarter and year ended March 31, 2026. The company reported a net loss of Rs. 1,122.01 lakh for FY26 compared to a loss of Rs. 751.85 lakh in FY25, with losses widening by about 49%. Revenue from operations grew modestly to Rs. 99.24 lakh from Rs. 90.64 lakh. The board also noted the successful e-auction of Bopkhel land in Pune for Rs. 640.50 crore to HyperVault AI Data Center Limited, which is classified as a related party transaction requiring shareholder approval. The auditors issued an unmodified (clean) opinion but included an Emphasis of Matter on Rs. 63,980.21 lakh stamp duty provision not reviewed since FY 2016-17 and non-recognition of Chennai property tax liability. The company also faced non-compliance with independent director appointment norms under Companies Act and SEBI regulations.
The widening losses and unresolved contingent liabilities (stamp duty and property tax provisions) could raise concerns for investors, though the clean audit opinion and significant land sale proceeds provide some positive signals. The related party transaction will require shareholder scrutiny.