Homre Ltd has appointed Mr. Surendra Pal Sharma as Executive Director of the company effective June 15, 2026, for a term of one year. The appointment is subject to the approval of the Members at the ensuing General Meeting. This decision follows the completion of his tenure as a Non-Executive Independent Director on the same date.

The Board of Directors approved the appointment based on the recommendation of the Nomination and Remuneration Committee. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Sharma is not debarred from holding the office of Director by virtue of any order of SEBI or any other authority. He is also not related to any other Director of the company.

The brief profile of Mr. Surendra Pal Sharma indicates he is a B.E. (Mechanical, IIT-R) and MBA-HR. He is a Former Addl. GM at NTPC with over 42 years of experience in engineering and renewable project leadership.

The Board meeting commenced at 11:30 A.M. and concluded at 04:30 P.M. on June 15, 2026.

Appointment Details

HOMRE Limited has formally commenced manufacturing operations at its Biomass Briquettes and Pellets Manufacturing Facility in Bharatpur, Rajasthan, effective 28 May 2026. This operational milestone marks the company's entry into the biomass-based renewable fuel segment, targeting industrial customers transitioning from conventional fossil fuels like coal and lignite. The facility is strategically located in an agriculturally rich region to ensure cost-competitive access to raw materials such as mustard husks and wheat straw.

The commencement was intimated to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that the facility serves as a commercially viable substitute for industrial boilers, kilns, and thermal energy applications, aligning with India's clean energy policy push and rising carbon compliance obligations.

Facility Details and Operations

The manufacturing unit is situated at Village Tehra Lodha, Tehsil and District Bharatpur, Rajasthan. The company has acquired the facility through a lease. While the installed capacity is yet to be formally disclosed, the company expects to ramp up plant utilisation and build a commercial order book progressively.

Strategic Rationale and Impact

The Bharatpur facility establishes HOMRE's first manufacturing presence in the biomass fuel sector. The strategic rationale includes direct proximity to agricultural biomass feedstock sources, enabling cost-competitive production. The facility is designed to serve as a foundation for medium-term capacity expansion and customer acquisition in the green fuel value chain.

The operational impact includes the establishment of a scalable production platform for phased expansion and the ability to generate revenue from manufacturing operations. This move is additive to the company's existing business activities and does not involve any cessation or restructuring of current operations.

Financial Guidance and Compliance

HOMRE Limited has not provided specific financial guidance at this stage. The financial contribution will depend on plant utilisation levels, feedstock procurement efficiency, and customer order volumes. The company confirmed that it has obtained or is in the process of securing all statutory approvals, including factory registration, MSME registration, and environment-related clearances.

The Board and management, led by Director Bharat Singh Bisht, will closely monitor the operational ramp-up. Any material financial impact or change in operational status will be disclosed to the exchange within the prescribed timelines under SEBI LODR Regulations.