Hem Holdings and Trading Limited has intimated that its Board of Directors will meet on Wednesday, May 27, 2026, to consider the audited financial results for the quarter and financial year ended March 31, 2026. The meeting is scheduled to take place at 02:00 P.M. at the company's registered office in Mumbai.

Agenda for the Meeting

The primary agenda for the board meeting includes the consideration and approval of the audited financial results (Standalone) of the company for the fourth quarter and the full financial year ending March 31, 2026. The board will also discuss any other matters with the permission of the Chair.

Trading Window Closure

In compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the company has closed the trading window for dealing in its securities for insiders. The window closed on April 1, 2026, and will remain shut until 48 hours after the financial results are made public to the market.

Meeting Details

The intimation was sent to BSE Limited under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

HEM Holdings and Trading Limited has formally submitted an application to BSE Limited on May 1, 2026, for the reclassification of M/s. Sim Prabha Estates & Trading Co.(P) Ltd from the promoter/promoter group category to the public category under Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Outcome and Formal Approval

The Board of Directors of HEM Holdings convened on April 29, 2026, via video conferencing from 11:00 A.M. to 11:30 A.M. to deliberate on the reclassification request. The board formally approved the application submitted by Sim Prabha Estates & Trading Co.(P) Ltd (CIN: U70101MH1984PTC034405) for reclassification from promoter group to public category, subject to approval from regulatory authorities including the stock exchange.

Current Shareholding Status

As confirmed in the BSE application, Sim Prabha Estates & Trading Co.(P) Ltd does not hold any equity shares in HEM Holdings as of the submission date. The current promoter shareholding structure shows zero holdings across all promoter entities.

Regulatory Compliance and Documentation

The board resolution confirms that Sim Prabha Estates & Trading Co.(P) Ltd meets all conditions under Regulation 31A(3)(b) of SEBI LODR Regulations. Company Secretary cum Compliance Officer Taruna Gupta has formally communicated the application submission to BSE Limited in compliance with Regulation 31A(8) of the Listing Regulations.

Key Compliance Confirmations

The entity satisfies the following regulatory conditions:

• Does not hold more than 10% of total voting rights in the company
• Does not exercise control over company affairs directly or indirectly
• Has no special rights through formal or informal arrangements
• Not represented on the Board of Directors
• Not acting as Key Managerial Personnel
• Not classified as wilful defaulter per RBI guidelines
• Not designated as fugitive economic offender

Application Process and Timeline

Three-Year Commitment Period

As part of the reclassification conditions, Sim Prabha Estates & Trading Co.(P) Ltd has committed that neither it nor related persons will be represented on HEM Holdings' Board of Directors or act as Key Managerial Personnel for three years from the date of shareholder approval.

Next Steps in Regulatory Process

Following the formal submission to BSE Limited, the company awaits the stock exchange's no objection for the proposed reclassification. The application has been submitted within the stipulated timeline as per Regulation 31A(5) of the Listing Regulations, with all required documentation including certified true copies of board meeting minutes.