Housing Development & Infrastructure Ltd — Capital/Financing Update 2018

Dec 29, 2018

Regd. office: 9 - 01, HDIL Towers, Anant Kanekar Marg, Bandra (El Mumbai 400 051. T +91 2226583500 f· +91 22 2658 3535 wwv-hd I il ON No. L70 1OOMH 1996PLC 10 1379 December 29, 2018

Ref No: HDll/CSD/2018-19/000416

The Manager, Listing Department BSELimited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400001

The Manager, Listing Department National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai - 400051

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Scrip Code: 532873 Security Symbol: HDll

Sub: Allotment of 2,00,00,000 Warrants on Preferential basis to Mr. Sarang Wadhawan, Promoter of Housing Development and Infrastructure Limited (liThe Company') Ref.' Regulation 30 ofthe SEBI (Listing Obligation and Disclosure Reguirements) Regulations, 2015.

Dear Sir / Madam,

We would like to inform you that, in pursuance to the special Resolution passed in 22nd Annual General Meeting held on September 29, 2018 and on receipt of In-principle Approval from Stock Exchange(s), in accordance to Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (Previously Chapter VII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009) and Sections 62 and 42 of the Companies Act, 2013 (liThe Act") read with relevant rules framed thereunder, the Board of Directors on December 28, 2018 through Circular Resolution approved the allotment of 2,00,00,000 (Two Crore) warrants at an 'Issue Price' of ~ 31.10/- per warrant to Mr. Sarang Wadhawan, Promoter of the Company, upon receipt of minimum subscription amount as prescribed under Regulation 77 of SEBI ICDR Regulations.

Consequent to the issue of warrants by the Company; as on date there is no change in the paid up equity share capital of the Company.

Request you to take the same on records.

For Housing Development and Infrastructure Limited

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Darshan D. Majmudar Chief Financial Officer & Company Secretary