Housing Development and Infrastructure Limited has informed the Exchange about Adjournment of Meeting of Directors Scheduled on 13th March, 2026
HDIL · price
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HDIL has informed the stock exchanges that its board meeting scheduled for 13th March 2026 has been adjourned. The meeting was originally called to consider and approve the standalone unaudited financial results for the quarter and nine months ended 31st December 2025 (Q3 FY26). A revised date for the meeting will be communicated later. Importantly, the company has been undergoing Corporate Insolvency Resolution Process (CIRP) since August 2019 under the IBC, and the powers of the Board are currently vested in the Resolution Professional, Mr. Abhay Narayan Manudhane. No financial numbers have been disclosed in this filing.
The adjournment delays the announcement of Q3 FY26 results, which shareholders were expecting. While procedural, it adds uncertainty for investors. The fact that HDIL remains under insolvency resolution since 2019 remains the biggest overhang — resolution outcomes will determine any meaningful recovery for shareholders.