Change in Auditors

HEMISPHERE PROPERTIES INDIA LIMITED Reg. Office Address: Room No. 0923, 9th Floor, (A Government of India Enterprise) Sankalp Bhawan, GPOA-II, Kasturba Gandhi Marg. New Delhi 110001 CIN: L70101DL2005GOI132162 हेमी(cid:731)े यर (cid:366)ॉपट(cid:334)ज इंिडया िलिमटेड Website: www.hpil.co.in (भारत सरकार का उप(cid:354)म ) Email :info@hpil.co.in,Tel: 011-23783012/23783013 HPIL/BS/Stx/2026-27 Dated: 09-09-2026 To, To, Manager, Manager Listing Department Listing Department BSE Limited, National Stock Exchange of India Limited P.J. Towers, Dalal Street "Exchange Plaza", Plot No. C/1,G Block, Mumbai: 400 001 Bandra Complex, Bandra (E), Mumbai -400 051 Script Code: 543242 Symbol: HEMIPROP Subject: Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the office of the Comptroller & Auditor General of India, vide communication No. CA. V/COY/CENTRAL GOVERNMENT, HPIL(1)/443 dated 08.09.2026, has appointed M/s Aggarwal & Rampal, Chartered Accountants, as the Statutory Auditor of Hemisphere Properties India Limited for the financial year 2026-27 (copy enclosed as Annexure). Further, none of the Directors of the Company is related to M/s Aggarwal & Rampal. A brief profile of M/s Aggarwal & Rampal, Chartered Accountants, is enclosed herewith. This is for your information and dissemination. Thanking you, For Hemisphere Properties India Limited Lubna Company Secretary & Compliance Officer Annexure-I Required disclosures/details under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) read with SEBI Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated 30th January, 2026 PARTICULARS DETAILS Reason for change viz. appointment, Appointment of Aggarwal & Rampal, reappointment, resignation, removal, Chartered Accountants. (FRN death or otherwise 003072N)) as Statutory Auditor of Hemisphere Properties India Limited for the FY 2026-27 by C&AG Date of appointment / reappointment/ Date of Appointment: September 08, cessation (as applicable) & term of 2026 appointment / reappointment Brief profile (in case of appointment) Attached at Annexure Disclosure of relationships between There is no inter-se relationship of directors (in case of the appointment of Aggarwal & Rampal, Chartered a director Accountants with any of the other Directors of Hemisphere Properties India Limited Aggarwal & Rampal Chartered Accountants Creating Opportunities. Unlocking Value. Contents About Us Our Philosophy Suite of Services Assurance Taxation India – entry Services Legal and Regulatory Support Turnkey Project Management Transaction Advisory Private Equity and Venture Capital Investment IT Solutions Locations August 2018 Page 2 Aggarwal & Rampal, Chartered Accountants Background About Us ► Aggarwal & Rampal (‘A&R’ or ‘We’) is an integrated financial services firm specializing in providing bespoke solutions to investors in India, RBI & CAG empanelled ► A&R was founded by Vinay Aggarwal, one of India’s senior-most chartered accountants, in 1981 and has vast experience in the realms of Joint Ventures, transaction advisory, corporate finance, investment structuring and tax consultancy ► The firm’s USP is its ability to offer end-to-end solutions under one roof, which eliminates the need for clients to separately interact with lawyers, banks and financiers, valuers, tax consultants and auditors ► Over the past three decades, the firm has advised Indian clients across all sectors including, ► Information technology and software exports ► Construction and real estate ► FMCG and trading ► Automotive ► Financial services ► The firm has also extensive experience in structuring cross-border investments across international jurisdictions, with numerous clients based out of the Korea, Thailand , United States and United Kingdom ► Further, in tandem with its overseas affiliates, the firm has the requisite expertise in managing investments made by Indian investors in overseas jurisdictions August 2022 Page 3 Aggarwal & Rampal , Chartered Accountants Our Philosophy ► Every business must optimize every opportunity while minimizing every risk. Today’s economic environment cannot be traversed alone. To prosper today, an organization must have complete faith in the advice it receives in order to act with confidence ► This kind of advice does not come pre-packaged or off the shelf. It is always specific, highly focussed and grounded in the realities of your business ► We understand that our success is directly linked with the success of our clients. Therefore, we are committed to delivering expert services by blending technical, practical and sector-specific expertise to meet your exact requirements ► While committed towards helping clients to achieve greater heights, we believe in maintaining at all times, ► The highest professional standards and commitment levels ► Independence ► Integrity, and ► Objectivity ► In a few words, we guarantee professional services, high technical expertise and working in sync with the dynamics of our clients’ business environment August 2022 Page 4 Aggarwal & Rampal , Chartered Accountants What we can do for you August 2022 Page 5 Aggarwal & Rampal , Chartered Accountants Why US 360o Approach In-house External Corporate Finance, research Resources PE and VC and advisory international affiliates Tax & Business regulatory execution consulting and team Transaction Assurance structuring Industry Customized experts solutions ► Multi-dimensional teams combining the functional expertise & experience of individuals with specialized skill base in various sectors ► 360o suite of financial services ► Account Leader for each client – Operates as the single point of contact ► Industry specialists – In-depth knowledge of practical issues and solutions to tackle ‘red-tapism’ August 2022 Page 6 Aggarwal & Rampal , Chartered Accountants Auditing and Assurance Statutory Audit ► Compliances with all the relevant Accounting Standards issued by The Institute of Chartered Accountants of India (ICAI) in India, along with US GAAP and other applicable International Financial Reporting Standards (IFRS) ► Tax audit ► Company law compliance Risk Advisory and Forensics ► Internal Control Systems Review ► Management, Energy and Environmental Audit ► Forensic Accounting & Investigation Services, Special Investigation and Fraud Detection Transition to IFRS ► The Ministry of Corporate Affairs (MCA) has set out the road map for IFRS convergence in India with effect from 1 April 2011 ► Consequently, the financial reports and results of Indian companies will be comparable with their counterparts in Europe, Australia and, in future, with those in Japan and the US ► Conversion to IFRS is much more than a mere technical exercise – Extends to significant business and regulatory matters including compliance with debt covenants, training of employees, modification of IT systems & Tax planning ► We have qualified and trained resources to assist in IFRS convergence and transition, balancing short, medium and long-term objectives August 2022 Page 7 Aggarwal & Rampal , Chartered Accountants Taxation Our integrated Tax team provides deep technical knowledge, both global and local, combined with practical, commercial and industry experience. ► Business Tax ► Identifying tax exposures and planning ► Inbound tax advisory Services ► D o c u m e n t a t i o n; preparation and review of ► Identification, recognition and measurement of tax returns Uncertain Tax Positions (UTP) (FIN 48) ► Representation before Indian statutory and ► Deferred Tax (FAS 109/ AS 22/ IAS 12) fiscal authorities; strategy and resolution; reconciliation competent authority proceedings under tax ► Assistance in SOX/ Clause 49 compliance treaties ► Alignment of tax with business strategies ► Human Capital ► International assignment management – ► Global p [Showing first 8,000 characters — download PDF for full document]