Housing Development & Infrastructure announced that the Annual General Meeting (AGM) of the company will be held on 28 September 2019.

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Housing Development & Infrastructure has been admitted under Insolvency and Bankruptcy Code by the National Company Law Tribunal, Mumbai Bench on 26 August 2019.

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CG Power & Industrial Solutions Ltd, PNC Infratech Ltd, Future Retail Ltd and Sadbhav Engineering Ltd are among the other losers in the BSE's 'A' group today, 23 August 2019.

Housing Development & Infrastructure Ltd crashed 9.96% to Rs 6.33 at 14:49 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 6.52 lakh shares were traded on the counter so far as against the average daily volumes of 2.25 lakh shares in the past one month.

CG Power & Industrial Solutions Ltd lost 9.86% to Rs 9.6. The stock was the second biggest loser in 'A' group.On the BSE, 47451 shares were traded on the counter so far as against the average daily volumes of 3.97 lakh shares in the past one month.

PNC Infratech Ltd tumbled 7.84% to Rs 177. The stock was the third biggest loser in 'A' group.On the BSE, 33206 shares were traded on the counter so far as against the average daily volumes of 6110 shares in the past one month.

Future Retail Ltd shed 6.76% to Rs 385.5. The stock was the fourth biggest loser in 'A' group.On the BSE, 2.25 lakh shares were traded on the counter so far as against the average daily volumes of 23709 shares in the past one month.

Sadbhav Engineering Ltd dropped 5.08% to Rs 110.25. The stock was the fifth biggest loser in 'A' group.On the BSE, 8326 shares were traded on the counter so far as against the average daily volumes of 36796 shares in the past one month.

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The scrip has hit a lower circuit of 20% at Rs 8.78 at 10:22 IST on the BSE.

NCLT had passed the order on 20 August 2019 pursuant to an application filed by Bank of India under Section 7 of IBC. Under the Insolvency Bankruptcy Code (IBC), financial creditors, operational creditors and corporate debtors can initiate corporate insolvency process. Section 7 of IBC gives power to financial creditor to file an application against corporate debtor.

HDIL said it is under the process to file an appeal to National Company Law Appellate Tribunal ('NCLAT') against the order passed by NCLT.

Meanwhile, the shares of Bank of India were trading marginally higher by 0.68% at Rs 66.95.

Meanwhile, the S&P BSE Sensex was up 13.08 points or 0.04% to 37,314.93.

On the BSE, 8.06 lakh shares were traded in the HDIL counter so far compared with average daily volumes of 1.52 lakh shares in the past two weeks. The stock hit a high of Rs 10.5 so far during the day.

The stock hit a 52-week high of Rs 35.65 on 04 Sep 2018. The stock has hit an intraday low of Rs 8.78, which is also a 52-week low for the scrip.

On a consolidated basis, HDIL's net profit fell 66.6% to Rs 8.24 crore on 44.4% fall in net sales to Rs 92.63 crore in Q1 June 2019 over Q1 June 2018.

HDIL is one of India's premier real estate development companies, with significant operations in the Mumbai Metropolitan Region.

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