Hemang Resources has scheduled its 33rd Annual General Meeting (AGM) for September 29, 2026. The company also appointed Ms. Kriti Bhandari as an additional independent director during a board meeting held on September 4, 2026.

The meeting, conducted via video conferencing, addressed several key corporate governance matters. The Board of Directors took note of the completion of Mr. Nikhil Dhanotiya's tenure as an independent director. Additionally, the company appointed a scrutinizer to conduct the remote e-voting process for the upcoming AGM.

Key Agenda Items

The board focused on the following primary resolutions:

• Approval of the Board's Report, Management Discussion and Analysis Report, and Report on Corporate Governance for FY26.
• Taking on record the Secretarial Audit Report for FY26.
• Appointment of Ms. Kriti Bhandari as an Additional Director in the capacity of Independent Director, subject to member approval at the AGM.
• Approval of the Notice convening the 33rd Annual General Meeting, scheduled for September 29, 2026.
• Re-appointment of Ms. Komal Jitendra Thakker, who retires by rotation and offers herself for re-appointment.
• Approval of the appointment of M/S Ajit Jain & Co. as Secretarial Auditors for five consecutive financial years, from FY26 to FY31.

Ms. Risha Jain, Company Secretary and Compliance Officer, issued the intimation following the conclusion of the meeting.

E-Voting Details

The company has fixed September 22, 2026, as the cut-off date for determining members eligible to cast their vote through e-voting. The remote e-voting facility will be available through Central Depository Services (India) Ltd (CDSL) from September 26, 2026, at 10:00 am to September 28, 2026, at 5:00 pm.

What the Numbers Show

The approval of the annual report signifies the finalization of the company's financial position for the fiscal year ending March 31, 2026. The appointment of a new independent director ensures compliance with regulatory requirements regarding board composition and independence.

Hemang Resources reported a standalone net loss of ₹17.23 lakh for the quarter ended June 30, 2026, marking a reversal from the net profit of ₹53.64 lakh recorded in the same quarter last year. The company did not disclose revenue from operations for the current quarter, limiting visibility into top-line performance during the period.

The loss per share stood at ₹0.13 (basic and diluted), compared to earnings per share of ₹0.41 in Q1FY26. For the full fiscal year ended March 31, 2026, the company reported a net loss of ₹54.18 lakh, with revenue from operations totaling ₹808.08 lakh. Equity share capital remained unchanged at ₹1,320 lakh.

What the Numbers Show

The absence of disclosed revenue for Q1FY27, contrasted with a reported net loss, suggests that operating costs or non-operating expenses exceeded any unreported income streams. The swing from a profit of ₹53.64 lakh in Q1FY25 to a loss of ₹17.23 lakh in Q1FY26 indicates a significant deterioration in profitability over the year, despite the company generating ₹808.08 lakh in annual revenue for FY26.