HB Estate Developers MD, chairman, board of directors and AGM

NSE: HBESDBSE: 532334RealtySmall Cap

Last close ₹75.00down ₹3.00 (3.85%)BSE ₹75.00

Share price at the NSE close on 23 Oct 2026. Previous close ₹78.00.

52-week range of BSE trades to 23 Oct 2026
₹55.00Low, 5 Oct 2026₹96.40High, 7 May 2026
Market cap
₹172 Cr2,548th largest listed
P/E
13.4
P/B
0.9
Dividend yield
Nonein the last 12 months
ROE
7.0%
ROCE
7.4%
Debt to equity
1.33
Volume, NSE
99298.6% delivered

HB Estate Developers board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonLALIT BHASIN
  • Company Secretary and Compliance OfficerNVK RAO

5 directors3 independent2 non-executive

  • LALIT BHASIN · ChairpersonNon-executive · joined Sep 1994 · 4 listed boards · 3 committee seats, 1 as chair
  • ANIL GOYALNon-executive · joined Sep 1994 · 4 listed boards · 7 committee seats, 2 as chair
  • SUNIL MALIKIndependent · joined Feb 2020 · reappointed Feb 2025 · 76 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • RAJ KUMAR BHARGAVAIndependent · joined Oct 2024 · reappointed Oct 2024 · 20 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • URVIJA SHAHIndependent · joined Oct 2024 · reappointed Oct 2024 · 20 months as independent · 2 listed boards · 2 as independent · 2 committee seats

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

2 directors who left
  • RAJESH JAIN, left 28 Oct 2024: Tenure Completion
  • ASHA MEHRA, left 28 Oct 2024: Tenure Completion

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 29 May 20265 of 5 present3 independent · 104 days in between
    • 13 Feb 20265 of 5 present3 independent
  • Audit Committee

    Chair SUNIL MALIK

    ANIL GOYAL, RAJ KUMAR BHARGAVA, URVIJA SHAH

    • 29 May 20264 of 4 present3 independent · 104 days in between
    • 13 Feb 20264 of 4 present3 independent
  • Nomination and remuneration committee

    Chair RAJ KUMAR BHARGAVA

    ANIL GOYAL, URVIJA SHAH

    • 13 Feb 20263 of 3 present2 independent
  • Stakeholders Relationship Committee

    Chair ANIL GOYAL

    SUNIL MALIK, RAJ KUMAR BHARGAVA

    • 10 Apr 20263 of 3 present2 independent · 92 days in between
    • 7 Jan 20263 of 3 present2 independent
  • SECURITIES COMMITTEE

    Chair ANIL GOYAL

    SUNIL MALIK, URVIJA SHAH

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • N.C. Aggarwal & Co.Peer-review certificate valid to Feb 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

HB Estate Developers AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.HB Estate Developers dividend history

Annual general meeting, 9 Sep 2026

64,988 shareholders on the register on 2 Sep 2026; present: 12 promoters and 86 others; votes counted by Ms. Jaya Yadav / Jaya Yadav & Associates.The company's voting result (opens in a new tab)

  1. ADOPTION OF AUDITED FINANCIAL STATEMENTS INCLUDINGCONSOLIDATED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED MARCH 31, 2026 TOGETHER WITH THE REPORTS OF THEDIRECTORS AND AUDITORS THEREON.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 71.79% · promoters 100.00% · institutions 25.87% · other public 12.52%

  2. RE-APPOINTMENT OF MR. ANIL GOYAL (DIN: 00001938), DIRECTOR,WHO RETIRES BY ROTATION AND BEING ELIGIBLE OFFERS HIMSELFFOR REAPPOINTMENT.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 71.79% · promoters 100.00% · institutions 25.87% · other public 12.52%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Dec 2025. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Preferential IssuesOct 202522.84To fund the long-term working capital requirement of the company18.2718.27No
Preferential IssuesOct 202522.84General Corporate purpose, which includes, without limitation, strategic initiatives, funding growth opportunities, strengthening marketing capabilities and brand building exercises, meeting ongoing general corporate contingencies, refurbishment of existing infrastructure expenses incurred in ordinary course of the business4.574.57No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.