HBSTOCK

Hb Stockholdings Limited has informed the Exchange regarding Outcome of Board Meeting held on May 26, 2017.

Hb Stockholdings Limited has informed the Exchange that the Board of Directors of the Company in its meeting held on November 11, 2016 accepted Mr. Vijay Sood's resignation from the post of Managing Director and Board of Directors of the Company with effective from the close of the business hours on 30th November 2016.

Hb Stockholdings Limited has informed the Exchange that the Board of Directors in their meeting held on May 21, 2015 discussed various options for re-alignment / restructuring Company's business activities which may include a Scheme of Arrangement between the Company, HB Portfolio Limited and HB Estate Developers Ltd. This will be subject to the approval of the Board of Directors of respective companies and such other statutory approvals that may be required. The Board of Directors has also authorized appointment of Chartered Accountants, Valuers, Solicitors & Advocates, Merchant Bankers and s

Hb Stockholdings Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 17, 2013, inter alia, has approved the following :(1) To reappoint Mr. Vijay Sood, Managing Director for a further period of Three years w.e.f. April 30, 2013.(2). To reappoint Mr. J. M. L. Suri, Executive Director for a further period of Three years w.e.f. July 01, 2013.

Hb Stockholdings Limited has informed the Exchange that: "The Board of Directors at their meeting held on 12th January 2008 have on the recommendation of the Remuneration Committee approved increase of remuneration to Mr. J.M.L. Suri, Executive Director of the company effective from 1st April 2007 onwards".

Hb Stockholdings Limited has informed the Exchange that the BODs at its meeting held on January 28, 2006, have appointed Mr. Harbans Lal as Additional Director of the Company. Further he has also been co-opted as member of the Audit Committee. The reconstituted Audit Committee comprises of the following directors: Mr. Gulshan Rai (Chairman of the Committee); Mr. P.K. Mittal; Mr. Anil Goyal and Mr. Harbans Lal as Members of the Committee.The company has further informed that Mr.Harbans Lal is an independent director within the meaning of Clause 49 of the Listing Agreement.