HEM Holdings and Trading Limited successfully conducted its Extra-Ordinary General Meeting on March 12, 2026, at 12:00 P.M. via video conferencing, where shareholders unanimously approved all four proposed resolutions. The meeting was deemed to be held at the company's registered office in Mumbai, with the cut-off date for voting eligibility set as March 6, 2026.

Meeting Participation and Voting Statistics

The EGM saw participation from 25 public shareholders through video conferencing, while no promoter group members attended the meeting. Remote e-voting was conducted from March 9-11, 2026, with Mr. Anuj Gupta appointed as the scrutinizer for the voting process.

Resolutions Passed

All four resolutions were passed with 100% approval from the votes cast, with no votes recorded against any resolution.

Resolution 1: Statutory Auditor Appointment

The company appointed M/s B.M. Gattani & Co., Chartered Accountants (FRN:113536W) as statutory auditors through an ordinary resolution.

Resolution 2: Managing Director Regularization

Shareholders approved the regularization of Mr. Ravi Manoharlal Kharwad's (DIN: 02079606) appointment as Managing Director (Executive Director Operations) through a special resolution.

Resolution 3: Secretarial Auditor Appointment

M/s. Ajay Suresh Yadav and Associates were appointed as secretarial auditors for a term of 5 years through an ordinary resolution.

Resolution 4: NBFC Registration Surrender

The company received approval to surrender its Certificate of Registration of NBFC issued by the Reserve Bank of India through a special resolution.

Voting Breakdown by Category

Scrutinizer's Confirmation

CS Anuj Gupta, the appointed scrutinizer, confirmed that all resolutions were passed with the requisite majority. The e-voting process was conducted through MUFG Intime India Private Limited's platform, with 45 members participating in the remote voting process.

Regulatory Compliance

The meeting was conducted in compliance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has submitted the consolidated voting results to BSE Limited, where it is listed with scrip code 505520.

Hem Holdings and Trading Limited has announced a significant leadership transition in its finance department following a board meeting held on March 5, 2026. The meeting, which took place at the company's registered office from 5:00 PM to 5:30 PM, resulted in immediate changes to the Chief Financial Officer position.

CFO Resignation Details

Ms. Supreet Kaur tendered her resignation from the position of Chief Financial Officer, citing personal and unavoidable circumstances as the reason for her departure. Her resignation became effective immediately on March 5, 2026. The company received formal notification through a resignation letter submitted on the same date.

New CFO Appointment

The board simultaneously appointed Mr. Ravi Manoharlal Kharwad as the new Chief Financial Officer, effective from March 5, 2026. This appointment was made based on the recommendation of the company's Nomination and Remuneration Committee, ensuring a smooth transition in financial leadership.

Professional Background

Mr. Ravi Manoharlal Kharwad brings substantial experience to his new role, with five years of expertise in finance, accounting, and financial management. His professional background encompasses financial planning, budgeting, compliance oversight, and managing financial operations to ensure efficient business processes. This experience positions him well to handle the financial responsibilities of the company.

Regulatory Compliance and Documentation

The company has fulfilled all regulatory requirements by notifying BSE Limited about these changes pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The formal communication was submitted to the Department of Corporate Services/Listing at BSE Limited, located at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai.

The notification included comprehensive details about both the resignation and appointment, along with required annexures and documentation as specified under SEBI guidelines. CS Taruna Gupta, serving as Company Secretary and Compliance Officer, digitally signed the submission on March 5, 2026.

The transition ensures continuity in the company's financial management while maintaining compliance with all applicable regulations and disclosure requirements.