H.M. Electro Mech Limited has officially declared the non-applicability of Annual Secretarial Compliance Report under Regulation 24A of SEBI (Listing Obligation and Disclosure Requirements) Regulations for the financial year ended March 31, 2026. The declaration was communicated to BSE Limited on April 4, 2026, through a formal letter signed by Whole Time Director Mahendra Ramabhai Patel.

Regulatory Exemption Details

The company's exemption is based on Regulation 15(2) of the SEBI (LODR) Regulations, 2015, which provides relief from corporate governance provisions for specific categories of listed entities. The regulation exempts companies from compliance with various provisions including Regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 26A, 27, and specific clauses of Regulation 46.

SME Exchange Listing Benefits

H.M. Electro Mech Limited specifically cited its listing on the SME Exchange as the primary reason for exemption from the Annual Secretarial Compliance Report requirement. This exemption is designed to reduce compliance burden on smaller enterprises while maintaining essential regulatory oversight.

Corporate Governance Framework

The SEBI regulations recognize that smaller listed entities may face disproportionate compliance costs relative to their size and operations. The exemption framework allows such companies to focus on core business activities while ensuring investor protection through alternative regulatory mechanisms.

Declaration Process

The formal declaration was submitted to BSE Limited with proper digital authentication by Mahendra Ramabhai Patel, who holds DIN 02190228. The company requested BSE to take the declaration on record, completing the necessary regulatory notification process for FY26 compliance exemption.

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.