HBSTOCK

Hb Stockholdings Limited has informed the Exchange that pursuant to the Composite Scheme of Arrangement duly sanctioned by the Hon��ble NCLT, Chandigarh Bench, the duly authorised Capital Restructuring Committee of the Board of Directors in its meeting held on March 17, 2018 has approved the following: The Equity Share Capital stands reduced to Rs. 7,13,76,650 (Rupees Seven Crore Thirteen Lakhs Seventy Six Thousand Six Hundred Fifty) comprising of 71,37,665 (Seventy One Lakhs Thirty Seven Thousand Six Hundred Sixty Five) Equity Shares of Rs. 10/- (Rupees Ten) each fully paid-up.

Hb Stockholdings Limited has informed the Exchange that the Hon��ble National Company Law Tribunal (NCLT), Chandigarh Bench at Chandigarh vide its Order Dated December 22, 2017, has sanctioned the Composite Scheme of Arrangement amongst HB Stockholdings Limited (HBSL), HB Portfolio Limited (HBPL) and HB Estate Developers Limited (HBEDL) and their respective Shareholders and Creditors under Sections 391 to 394 read with Section 100 to 104 of the Companies Act, 1956, with effect from the Appointed Date(s) as mentioned in the Scheme.

Hb Stockholdings Limited has informed the Exchange regarding the Result of the Postal Ballot & E Voting ( Scheme of Arrangement ).

Hb Stockholdings Limited has informed the Exchange that the Board of Directors in their meeting held on February 11, 2016, after considering the Report of the Audit Committee have approved a Scheme of Arrangement between HB Stockholdings Limited ( the Company / HBSL ), HB Portfolio Limited (HBPL) and HB Estate Developers Limited (HBEDL) subject to the approval of the Board of Directors of respective companies and such other statutory approvals that may be required.