Heera Ispat Limited has scheduled a Board of Directors meeting for September 8, 2026. The primary agenda is to consider and approve the financial results for FY26.

The company will also finalize details for its upcoming Annual General Meeting (AGM). This includes setting the record date and book closure period for shareholders.

Agenda Details

The board meeting aims to transact several key items of business:

• Approve the notice of the AGM and the Board Report along with annexures for FY26.
• Finalize the day, date, and time for the Annual General Meeting.
• Fix the record date and closure of the Register of Members.
• Consider and approve a change in the company's registered office.

Regulatory Compliance

The intimation was issued pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was signed by Himanshi Jayrajsinh Jadeja, Director.

No financial figures were disclosed in this regulatory filing.

Heera Ispat Limited reported a net loss of ₹1.80 lakh for the quarter ended June 30, 2026, narrowing slightly from the ₹1.93 lakh loss in the previous quarter. The company recorded nil revenue from operations, marking a continuation of its operational hiatus. Statutory auditors Dhruvil A. Shah & Co issued a qualified opinion, highlighting that the absence of business orders and revenue casts significant doubt on the company’s ability to continue as a going concern, despite management’s assertion that steps are being taken to mitigate these risks.

The Board of Directors, meeting on August 03, 2026, approved the standalone unaudited financial results pursuant to Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The financial statements were prepared in accordance with Ind AS 34 and reviewed by the Audit Committee before board approval. Total expenses for the quarter stood at ₹1.80 lakh, primarily comprising listing fees of ₹0.78 lakh and other expenses of ₹1.02 lakh.

Leadership Restructuring

The meeting witnessed a comprehensive reshuffle of key managerial personnel and board composition. Omprakash Dhariwal resigned as Managing Director effective August 03, 2026, citing personal reasons. Chirag Dinesh Chandan had resigned as Whole-time Director on July 31, 2026, also due to personal reasons. Himanshi Jayrajsinh Jadeja stepped down as Chief Financial Officer on August 03, 2026, citing pre-occupation and personal commitments, though she retained her role as a Non-Executive Woman Director after her designation was changed from Executive Woman Director.

To fill these vacancies, the Board appointed Harshvardhan Katariya as Additional Director designated as Managing Director and Chairman, effective August 03, 2026. His appointment is subject to shareholder approval. Rajesh Sutaria was appointed as an Additional Independent Director for a five-year term, also pending shareholder approval. Jimit Sanghvi was appointed as the new Chief Financial Officer and Key Managerial Personnel effective August 03, 2026.

Committee Reconstitution

The Board reconstituted its statutory committees to reflect the new directorship structure. The Audit Committee now comprises Meet Thakkar (Chairperson), Rajesh Sutaria, and Himanshi Jadeja. The Nomination and Remuneration Committee is chaired by Rajesh Sutaria with Meet Thakkar and Himanshi Jadeja as members. Himanshi Jadeja chairs the Stakeholders' Relationship Committee, supported by Meet Thakkar and Rajesh Sutaria.

What the Numbers Show

The financial data reveals a company operating without commercial activity but incurring fixed compliance costs. With zero revenue from operations, the entire expense burden of ₹1.80 lakh directly translated into the net loss. The slight quarter-on-quarter improvement in loss (from ₹1.93 lakh to ₹1.80 lakh) was driven by a reduction in listing fees from ₹1.43 lakh to ₹0.78 lakh and lower other expenses. However, the fundamental challenge remains the lack of income generation, which the auditors explicitly flagged as a material uncertainty affecting the going concern status. The earnings per share stood at a loss of ₹0.03, compared to ₹0.03 in the prior quarter and ₹0.34 in the same quarter last year.