This is to inform that the Board of Directors of the Company at their Meeting held on Wednesday, 16 April 2025 i.e. today, interalia, considered and approved allotment of 5,00,00,000(Five crore only) Cumulative Redeemable Preference shares ('CRPS') of Rs 10 /- each ('Tranche-3') at par aggregating to Rs.50,00,00,000/- only (Rupees Fifty Crore Only) on Private placement basis to the Promoter of Company i.e President of India acting through Ministry of Housing & Urban Affairs. The shares are unlisted and the pricing and terms relating to the issue of shares will remain consistent with prior disclosures.\r\nFurther, in reference to our intimation dated 13.12.2024 on issuance of Request for Proposal (RFP) document for the sale of land parcels at village Bopkhel, Pune, Maharashtra, an Amendment No. 1 to RFP document dated 13.12.2024 has been approved by the Board of Directors. The same shall be available on https://hpil.enivida.com & www.hpil.co.in.\r\n\r\n\r\n