HB PORTFOLIO LTD. - Outcome of Board Meeting

HB Portfolio Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 10, 2016, after considering the Report of the Audit Committee have approved a Scheme of Arrangement between HB Portfolio Limited ('the Company / HBPL'), HB Stockholdings Limited (HBSL) 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.