Hemang Resources Limited's Board of Directors conducted a comprehensive meeting on March 12, 2026, addressing multiple corporate governance and financial matters. The meeting, held through video conferencing from 3:30 P.M. to 3:55 P.M., resulted in several significant approvals related to preference share management and corporate lending activities.

Preference Share Redemption Approval

The board formally approved the redemption of preference shares following comprehensive shareholder consultation. The company received unanimous consent from holders of 2% Cumulative Preference Shares for modification of rights and terms to enable redemption in tranches.

The redemption process will comply with Section 55 of the Companies Act, 2013, and other applicable regulatory provisions. The unanimous shareholder consent exceeds the statutory threshold requirements under the Act.

Dividend Payment Authorization

The board addressed accumulated dividend obligations on the company's preference shares. Management received authorization to initiate necessary processes for dividend payment, though formal declaration requires future board consideration.

Key aspects of the dividend matter include:

• Authorization for management to process accumulated cumulative dividend
• Future board meeting required for formal dividend declaration
• Compliance with Companies Act, 2013 provisions
• Adherence to original preference share terms of issue

Corporate Lending Decision

The board approved a significant lending arrangement as part of routine business matters. The authorization covers a loan facility to an associated entity.

Regulatory Compliance

All board decisions align with regulatory frameworks including SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company filed the outcome under Regulation 30, ensuring transparent communication with stakeholders and stock exchanges.

The meeting demonstrates Hemang Resources' commitment to structured corporate governance while addressing shareholder interests through preference share redemption and strategic business relationships through approved lending facilities.

Hemang Resources Limited announced that its Board of Directors approved the unaudited standalone financial results for the third quarter ended December 31, 2025, in a meeting held on February 12, 2026. The board meeting, conducted through video conferencing, commenced at 12:30 PM and concluded at 15:35 PM, with results approved under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements.

Board Meeting Outcomes

The Board of Directors approved several key items during their meeting, including the unaudited standalone financial results for Q3 FY26, limited review report for the quarter, and other routine business matters. The results underwent limited review by statutory auditors A. John Moris & Co, with CA S Murali Kannan serving as the reviewing partner.

Financial Performance Overview

The company's quarterly performance showed significant operational challenges with zero revenue from operations during Q3 FY26. The financial metrics present a stark contrast to the previous year's corresponding quarter, with the company reporting a net loss of 18.44 lakhs.

Nine-Month Period Performance

For the nine-month period ended December 31, 2025, Hemang Resources demonstrated better operational performance compared to the quarterly results. The company generated substantial revenue from operations and maintained profitability with a net profit of 13.38 lakhs.

Business Segments and Operations

Hemang Resources operates through two primary business divisions. The coal trading segment generated revenue of 123.76 lakhs during the nine-month period, while the infrastructure/trading in land segment showed no revenue activity during the current period.

Balance Sheet and Capital Structure

As of December 31, 2025, the company maintained total assets of 5,566.62 lakhs compared to 5,557.04 lakhs as of March 31, 2025. The equity share capital remained stable at 1,320.00 lakhs, with paid-up equity shares of ₹10 each. The company reported negative earnings per share of (0.14) for Q3 FY26, while the nine-month period showed positive earnings per share of 0.10.