Housing Development & Infrastructure has informed that Housing Development and Infrastructure (‘the Company’) is undergoing Corporate Insolvency Resolution Process (‘CIRP’) vide Hon’ble National Company Law Tribunal, Mumbai Bench order dated 20thAugust, 2019 (‘Order’), in terms of the provisions of Insolvency and Bankruptcy Code, 2016 (‘IBC’) and the Regulations framed thereunder. Pursuant to the said Order and in accordance with the provisions of IBC, the powers of the Board of Directors and responsibility for managing the affairs of the Company is vested in Abhay Narayan Manudhane, in the capacity of the Resolution Professional (‘RP’). Pursuant to Regulation 29(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, also informed that a meeting of the directors of the Company shall be held on Tuesday, 12th December, 2023 at 3.00 pm for the consideration and confirmation of the Standalone Unaudited Financial Results for the quarter and half year ended on 30th September, 2023 of FY 2023-24 of the Company.
The above information is a part of company’s filings submitted to BSE.