HB STOCKHOLDINGS LTD. - Outcome Of Board Meeting Held On 11Th February, 2021.

Pursuant to Regulation 30 and 33 of the SEBI (LODR) Regulations, 2015, this is to inform you that the Board of Directors in its meeting held on 11th February, 2021 inter-alia, transacted the following business(s):<BR> Considered and took note of the Notice(s) received from NSE for non-compliance with corporate governance requirements of SEBI (LODR) Regulations, 2015.<BR> The Board noted that the said non-compliance of Regulation 17(1) of the Listing Regulations has already been made good by appointing Mr. Ashish Kapur (DIN: 00002320) w.e.f 23rd July, 2020 and the said non-compliance was caused solely due to global pandemic COVID-19 and lockdown conditions prevalent at that time. The Board of Directors shall ensure that such non-compliance will not be repeated in future and the Company shall comply with the Listing Regulations, other applicable Regulations and Circulars issued thereunder in true letter and spirit.<BR> <BR> The Board Meeting commenced at 12:30 PM and concluded at 13:30 P.M.<BR>