Hira Automobiles files quarterly delisting compliance report with BSE

Hira Automobiles Limited submitted its quarterly compliance report to the Bombay Stock Exchange on October 14, 2026, detailing the status of its securities delisting process for the quarter ended September 30, 2026. The filing confirms the company's continued efforts to comply with minimum public shareholding norms and regulatory directives issued by the Securities and Exchange Board of India (SEBI).

The delisting initiative stems from a request by Chairman Rahulinder Singh Sidhu to acquire the remaining public shareholding. The process began in May 2013 when Sidhu proposed acquiring 4.98% of the public shareholding. Following board resolutions and postal ballot procedures, SEBI granted in-principal approval in November 2013 for the purchase of the balance 4.28% public share, with a stipulation to complete the delisting within five months.

Regulatory History and Compliance Status

The company faced significant delays in completing the delisting process. In April 2024, SEBI imposed a penalty of ₹14 lakh on Hira Automobiles for failing to file quarterly reports as required under Clause 19 of the SEBI order dated June 4, 2013. The penalty was subsequently deposited by the company.

The latest filing indicates that the company is currently in the process of filing an appropriate application or representation with SEBI. This step aims to seek necessary directions from the regulator to enable the promoters to complete the compliance of minimum public shareholding norms.

Key Milestones in Delisting Process

The following table outlines the major events and dates associated with the delisting proceedings as disclosed in the compliance report:

Event	Date
Request letter from Rahulinder Singh Sidhu to acquire public shareholding	May 25, 2013
Board resolutions authorizing delisting and appointment of scrutinizer	May 28, 2013
Completion of dispatching postal ballot notices to shareholders	May 30, 2013
Publication of advertisement regarding postal ballot notices	May 31, 2013
Request for extension of time submitted to SEBI	June 3, 2013
Reply to SEBI order WTM/PS/08/CFD/JUNE/2013	June 24, 2013
Last date for submission of postal ballot to scrutinizer	June 29, 2013
Result of postal ballot declared by scrutinizer	July 3, 2013
Publication of advertisement regarding postal ballot result	July 5, 2013
Submission of draft offer letter to BSE for in-principal approval	November 12, 2013
SEBI grants permission to purchase balance public share of 4.28%	November 22, 2013
Receipt of in-principal approval from BSE, ASE, DSE, and LSE	February 11, 2014 to March 25, 2014
Non-receipt of requisite consent from shareholders	August 14, 2014
SEBI adjudication order imposing ₹14 lakh penalty for non-filing	April 16, 2024
Application filed with SEBI for directions on compliance	Ongoing

The report highlights that despite receiving in-principal approvals from multiple stock exchanges, including BSE Limited, Ahmadabad Stock Exchange Limited, Delhi Stock Exchange Association Limited, and Ludhiana Stock Exchange Association Limited, the company did not receive the requisite consent from shareholders by August 14, 2014. This lack of consent appears to have stalled the final execution of the delisting, leading to the subsequent regulatory scrutiny and penalties.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	0.0%	0.0%	0.0%	0.0%	+1,431.75%

Hira Automobiles has announced that its Register of Members and Share Transfer Books will remain closed from September 29, 2026, to September 30, 2026. This book closure is for the purpose of its Annual General Meeting (AGM) scheduled for September 30, 2026.

The company notified the Listing Department of BSE Limited regarding the schedule in a communication dated September 3, 2026. Chairman and Managing Director Rahulinder Singh Sidhu signed the notice.

Key Dates

Event	Date
Book Closure Start	September 29, 2026
Book Closure End	September 30, 2026
Annual General Meeting	September 30, 2026

The closure of the register ensures that shareholders on record during this period are eligible to participate in the meeting. The previous e-voting cut-off date of September 23, 2026, remains relevant for remote voting eligibility prior to the final book closure.

Shareholders are advised to note these dates for any share transfers or nominations intended to be effective before the AGM.