Outcome of the Board meeting held on 25th August 2025
Awaiting price reaction for this filing.
The Board of Directors of Poddar Housing and Development Ltd met on 25th August 2025 via video conferencing from 11:40 AM to 12:30 PM. The Board reviewed the details of ongoing projects and the current business position of the Company. It also took on record the receipt of a Show Cause notice from NSE regarding the delisting of the Company's equity shares, and noted that a reply has been submitted to the exchanges. Additionally, routine compliance matters for the quarter ended 30th June 2025 were discussed.
The NSE show cause notice on potential delisting is a negative overhang that could weigh on the stock in the short term, though the Company has submitted its reply and the matter is still under exchange review. Investors should watch for further updates from NSE/BSE on the delisting proceedings.