Heera Ispat Limited concluded its 34th Annual General Meeting (AGM) on September 30, 2026. The meeting, held in Ahmedabad, focused on adopting FY26 financial statements and regularizing key board appointments.

The proceedings were presided over by Chairman cum Managing Director Harshvardhan Katariya. Chief Financial Officer Jimit Sanghvi welcomed members and outlined the voting procedures, which utilized remote e-voting via CDSL and polling at the meeting.

AGM Proceedings and Voting Details

The meeting commenced at 10:00 am and concluded at 10:25 am at FF 108-109, Kamal Complex, Navrangpura, Ahmedabad. M/s. J. D. Khatnani & Associates served as the scrutinizer to ensure fair voting conduct. Remote e-voting was open from September 26, 2026, to September 29, 2026.

The Annual Report for FY26 and the AGM Notice were taken as read with member consent. These documents were previously made available digitally for shareholders without registered email IDs, complying with SEBI (LODR) Regulations, 2015.

Resolutions Passed

Members considered and approved several ordinary and special business items. The resolutions covered financial adoption, auditor ratification, and the regularization of director tenures.

Compliance and Shareholder Communication

The company confirmed that all statutory requirements under the Companies Act, 2013 and SEBI regulations were met during the meeting. Results of the voting were declared within 48 hours and displayed on the BSE and CDSL websites.

Heera Ispat continues to encourage shareholders to update their KYC details. For demat holders, updates should be made through their Depository Participants. Physical shareholders must submit Investor Service Request forms to Skyline Financial Services Private Limited, the company's RTA.

Heera Ispat Limited reported a net loss of ₹28.16 lakh for FY26, a significant reduction from the ₹46.46 lakh loss in the previous year. The company, which recorded nil revenue from operations, filed its annual report with the Bombay Stock Exchange and scheduled its 34th Annual General Meeting (AGM) for September 30, 2026.

The financial results were approved by the Board of Directors on September 8, 2026. The board also finalized key appointments, including the regularization of Mr. Harshvardhan Katariya as Managing Director and Chairman, and Mr. Rajesh Sutaria as an Independent Director.

Financial Performance

Heera Ispat did not engage in any commercial business operations during FY26, resulting in nil revenue from operations. The total expenses for the year stood at ₹7.86 lakh, primarily comprising general administrative costs. This was a decrease from ₹46.46 lakh in FY25.

The net loss was driven by these operational expenses along with an exceptional item of ₹20.30 lakh, which relates to a penalty paid to the BSE for alleged violations of SEBI LODR regulations regarding late submission of listing compliance documents.

The company's cash and cash equivalents dropped significantly to ₹2.97 lakh as of March 31, 2026, from ₹58.34 lakh in the previous year. Borrowings decreased to ₹81.90 lakh from ₹99.00 lakh.

What the Numbers Show

The narrowing of the net loss from ₹46.46 lakh to ₹28.16 lakh is primarily due to a sharp decline in routine administrative expenses rather than operational revenue. However, the inclusion of a ₹20.30 lakh exceptional penalty indicates ongoing regulatory compliance challenges. With zero revenue and eroding cash reserves, the company remains in a non-operational status.

AGM Schedule and Details

The 34th AGM will be held in physical mode at the company's new registered office at Kamal Complex, Navrangpura, Ahmedabad. Shareholders holding shares as of September 23, 2026, are eligible to vote via e-voting.

Key Appointments

The AGM agenda includes several special resolutions for director regularizations:

• Mr. Harshvardhan Katariya: To be regularized as Managing Director and Chairman for five years. He will not receive remuneration due to the company's accumulated losses.
• Mr. Rajesh Sutaria: To be regularized as Non-Executive Independent Director for five years. He will also serve without sitting fees.
• Ms. Misha Niravkumar Soni: To be regularized as Non-Executive Non-Independent Woman Director. Her appointment is subject to shareholder approval.

Additionally, Mrs. Himanshi Jadeja retires by rotation and is not offering herself for re-appointment. M/s. J D Khatnani & Associates was appointed as Secretarial Auditor for FY27.

Registered Office Change

The company approved a change in its registered office address to 304/305, Kamal Complex, C.G. Road, Navrangpura, Ahmedabad – 380009.

Regulatory Compliance

The intimation was issued pursuant to Regulations 30, 33, and 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was signed by Harshvardhan Katariya, Chairman cum Managing Director.