H.M. Electro Mech Limited successfully conducted its Extra Ordinary General Meeting (EGM) on Monday, March 30, 2026, and has now submitted the voting results and scrutinizer's report to BSE Limited under Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Details and Compliance

The EGM was conducted in accordance with the applicable provisions of the Companies Act, 2013 and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company filed the proceedings under Regulation 30 with BSE Limited, where it trades under Security ID: HMEML and Security Code: 544349.

Voting Results and Scrutiny

Mr. Darshan Ketanbhai Kinkhabwala from Kinkhabwala and Associates, a Practicing Company Secretary (Membership Number: 53260), served as the scrutinizer for the voting process. The company implemented a comprehensive voting mechanism through poll papers, as e-voting provisions are not applicable to companies listed on BSE SME platform.

Resolution Outcomes

Both resolutions presented during the EGM were passed unanimously with 100% votes in favor:

Resolution 1: Addition in Object Clause (Special Resolution)

Resolution 2: Material Related Party Transaction (Ordinary Resolution)

For the approval of material related party transaction with Nitin Patel & Co., Partnership firm, promoters were excluded from voting as they had interest in the resolution.

Regulatory Compliance

The voting results were submitted to BSE Limited on March 31, 2026, by Mahendra Ramabhai Patel, Whole Time Director (DIN: 02190228), ensuring compliance with regulatory requirements. The scrutinizer's report confirmed that no invalid votes were recorded and all procedures were conducted in a fair and transparent manner.

Mr. Dipak Pandya, Managing Director, welcomed all members, directors, auditors, and key managerial personnel to the meeting, while Mrs. Himani Upadhyay, Company Secretary, conducted the proceedings after establishing the requisite quorum.

H.M. Electro Mech Limited's Board of Directors approved a significant amendment to the company's Memorandum of Association during their meeting held on March 06, 2026. The board session, conducted at the company's registered office from 12:00 P.M. to 12:45 P.M., resulted in the approval of an expanded object clause that will substantially broaden the company's business scope.

Board Meeting Decisions

The board meeting addressed the addition of a comprehensive object clause under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015. The decision is subject to member approval at the forthcoming General Meeting.

Expanded Business Object Clause

The approved amendment adds sub-clause 3 under Clause III(A) of the company's Memorandum of Association. This new object clause significantly expands H.M. Electro Mech Limited's authorized business activities to encompass comprehensive manufacturing and engineering operations.

The expanded scope includes manufacturing, assembling, and fabricating engineering goods and electronic goods across diverse sectors. The company will be authorized to engage in design, development, installation, repair, maintenance, and modification services for various industries.

Sector Coverage and Applications

The new object clause enables operations across multiple sectors and applications:

Regulatory Compliance and Documentation

The company has fulfilled its disclosure obligations under Regulation 30(2) of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015, in conjunction with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Mahendra Ramabhai Patel, Whole Time Director (DIN: 02190228), signed the official communication to BSE Limited.

The formal disclosure was submitted to the Department of Corporate Services at BSE Limited, with the company's Security ID: HMEML and Security Code: 544349. The amendment requires formal ratification by the company's members through voting at the upcoming General Meeting, enabling H.M. Electro Mech Limited to diversify its business operations across various industrial and commercial sectors.