Hira Automobiles has accepted the resignations of Mr. Daljeet Singh and Ms. Gurpreet Kaur from their positions as Independent Directors on the Board. The changes take effect from the close of business hours on August 31, 2026.

Resignation Details

Both directors cited other professional commitments as the primary reason for their departure. In their respective resignation letters, they confirmed that there are no other material reasons for stepping down.

The company disclosed these developments to the BSE Limited Listing Department in a filing dated August 31, 2026. The disclosure was made in compliance with Regulation 30 read with Schedule III-Para A(7B) of Part A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Profiles

The departing directors hold the following DIN numbers:

Neither director holds any other directorships in listed entities, nor do they serve on board committees in other listed companies, as per the regulatory disclosure.

Rahulinder Singh Sidhu, Chairman and Managing Director of Hira Automobiles, signed the communication confirming the acceptance of these resignations.

Hira Automobiles reported a substantial widening of losses in its un-audited standalone financial results for the quarter ended June 30, 2026. The company posted a net loss of ₹138.24 lakh, compared to a marginal net loss of ₹1.59 lakh in the previous quarter (Q4FY26). This marks a significant deterioration in profitability despite the company maintaining positive revenue generation.

Revenue from operations for the current quarter stood at ₹479.53 lakh, a sharp decline from ₹3,469.81 lakh recorded in the preceding quarter. The pre-tax loss also expanded dramatically to ₹138.24 lakh from ₹1.59 lakh in the prior period. The total comprehensive income mirrored the net loss at -₹138.24 lakh.

Financial Performance Overview

The quarterly figures highlight a volatile operational environment for the auto components manufacturer. While the company generated revenue, the cost structure or one-off expenses appear to have heavily impacted the bottom line, leading to the widened deficit.

For the full fiscal year FY26, Hira Automobiles had reported a net profit of ₹20.21 lakh on revenues of ₹13,792.04 lakh. The current quarter’s performance stands in contrast to the annual profitability achieved previously.

What the Numbers Show

The divergence between revenue contraction and loss expansion is notable. Revenue fell by approximately 86% quarter-on-quarter, yet the absolute loss increased by over 8,500%. This suggests that fixed costs or specific non-operational expenditures remained high relative to the reduced top-line inflow, eroding margins significantly. The earnings per share (EPS) dropped to -₹5.02 from -₹0.19 in the previous quarter.

Balance Sheet Position

As of June 30, 2026, the company’s equity share capital remained unchanged at ₹275.34 lakh. Other equity reserves decreased to ₹1,060.58 lakh from ₹1,198.82 lakh at the end of March 2026, reflecting the impact of the current quarter’s losses on retained earnings.

The results were approved by the Board of Directors and signed by Managing Director Rahulinder Singh Sidhu. The financial statements are unaudited and comply with SEBI regulations.