Hirect Limited announced that four key resolutions were passed with requisite majority through remote e-voting on October 3, 2026. The approvals cover the appointment of new directors and an extension for utilizing funds raised through a preferential issue.

The voting process, initiated following the dispatch of the Postal Ballot Notice on September 2, 2026, concluded on October 3, 2026. The results were scrutinized by GMJ & Associates, Company Secretaries, and filed with stock exchanges on October 5, 2026. A total of 138 members cast their votes across the resolutions.

Resolutions approved

Shareholders voted on two primary categories of governance and financial matters:

• Director Appointments: Mr. Rahul Rai was appointed as an Independent Director for a five-year term. Mr. Anil Kumar Nemani was appointed as a Director and subsequently as Whole-Time Director, designated as Executive Director and Chief Financial Officer, for a three-year period.
• Fund Utilization Extension: Shareholders approved extending the timeline for utilizing funds raised through the issuance of equity warrants via a preferential issue.

Voting details

The resolutions required either Ordinary or Special majorities depending on the nature of the agenda item. The table below summarizes the voting outcomes based on the scrutinizer's report:

What the numbers show

A distinct divergence appears in shareholder sentiment regarding the appointment of Mr. Anil Kumar Nemani compared to other resolutions. While the appointments of Mr. Rahul Rai and the fund utilization extension received near-unanimous support (with dissent votes below 0.003%), the resolutions concerning Mr. Nemani saw significantly higher opposition. Approximately 0.14% of the total votes polled against both his directorship and CFO role were from institutional investors, who cast 19,854 votes against out of 46,987 votes polled by institutions. This suggests a specific reservation among institutional holders regarding this particular appointment, despite the overall majority passing the measures.

Hirect completed the sale of the residual part of its non-operational Dehradun plant for ₹4.5 crore on September 24, 2026. The transaction involves land and assets situated at Village Chharba, Uttarakhand.

The company entered into a sale deed with Mrs. Avantika Saklani and Mr. Sureshchand Saklani, who are unrelated to the promoter group. The disposal falls under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Transaction details

The sale marks the completion of a process initiated in earlier communications dated June 22, 2026, and November 6, 2025. The plant has been non-operational since 2023, meaning it contributed no turnover or revenue to the company’s net worth in the last financial year.

Asset status and compliance

The disposed assets are located at New Khasra No. 64 to 67 & 74, Chharba Langha Road, Vikas Nagar, Dehradun. Since the unit was non-operational, the disclosure notes that standard metrics regarding revenue contribution are not applicable. The transaction was executed outside any scheme of arrangement, rendering Regulation 37A compliance requirements not applicable.