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HB Estate Developers Ltd has informed BSE that pursuant to the recommendations made by the Shareholders / Investor Grievances Committee, the Board of Directors of the Company have at its meeting held on June 28, 2008 annulled the forfeiture in respect of 77 Equity Shares as per details below:

1. Name of the shareholder : Mr. Gyanendra Varma
- No. of Shares : 25

2. Name of the shareholder : Mr. Bishwanath Poddar
- No. of Shares : 25

3. Name of the shareholder : Mr. Santosh Suri
- No. of Shares : 27

The aforesaid shares were earlier forfeited for non payment of allotment / call money. The forfeiture has now been annulled after having received proper particulars / documentary evidence of payment of allotment / call money from the respective shareholders.

After aforesaid annulment, the paid up equity share capital of the Company comprises of Rs 12,04,22,920/- comprised of 1,20,42,292 Equity Shares of Rs 10/- each fully paid up.

Tags: HB Estate Developers

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