Hira Automobiles Limited has filed its quarterly results for Q3FY26 ended December 31, 2025, completing its regulatory disclosure requirements under SEBI regulations. The company submitted unaudited standalone financial results along with a limited review report from its auditors.

Regulatory Compliance and Filing Details

The quarterly results filing was completed under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The unaudited standalone financial results cover the quarter ended December 31, 2025, and have been prepared in accordance with Indian Accounting Standard 34 (IND AS 34) "Interim Financial Reporting".

Auditor Review and Certification

The financial results underwent a limited review by Mohan Juneja & Co., Chartered Accountants (Firm Registration No. 020488N). CA Mohan Juneja, Partner (Membership Number 099825), conducted the review in accordance with Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity".

The auditors confirmed that the financial statements are free of material misstatement and comply with applicable Indian Accounting Standards. The review provided moderate assurance regarding the accuracy and completeness of the financial information disclosed.

Board Approval and Management Responsibility

The unaudited standalone financial results have been approved by Hira Automobiles Limited's Board of Directors. The company's management takes full responsibility for the preparation and presentation of these financial statements, ensuring compliance with recognition and measurement principles under IND AS 34.

The financial statements follow accounting principles generally accepted in India and meet the disclosure requirements specified under Section 133 of the Companies Act, 2013, as amended, along with relevant rules issued thereunder.

Hira Automobiles Limited has filed its quarterly compliance report with the Bombay Stock Exchange, providing an update on the company's ongoing delisting process and compliance with minimum public shareholding norms under SEBI order WTM/PS/08/CFD/JUNE/2013 dated June 4, 2013.

Delisting Process Overview

The company initiated its delisting process in May 2013 following a request from Chairman Rahul Inder Singh Sidhu to acquire the remaining 4.28% public shareholding. The delisting decision was made to comply with minimum public shareholding requirements as mandated by the Securities and Exchange Board of India.

Timeline of Major Events

The compliance report provides a comprehensive timeline of events spanning from May 2013 to 2024:

Regulatory Approvals and Developments

The company received several key approvals during the delisting process:

SEBI granted permission to Chairman Rahul Inder Singh Sidhu on November 22, 2013, for the purchase of the balance public share of 4.28% with a directive to complete the delisting within five months of the order.

Recent Regulatory Action

In April 2024, SEBI imposed a penalty of ₹14.00 lakhs on the company through Adjudication Order No. ORDER/BM/DS/2024-25/30274 dated April 16, 2024. This penalty was levied for non-filing of quarterly reports as required under Clause 19 of the SEBI order. The company deposited the penalty amount on May 24, 2024, via payment reference YCPN2336497875.

Current Status and Future Steps

The report indicates that the company did not receive the requisite consent from shareholders as of August 14, 2014. Currently, Hira Automobiles is in the process of filing appropriate applications and representations with SEBI to seek necessary directions that would enable the promoters to comply with minimum public shareholding norms.

The quarterly compliance report demonstrates the company's ongoing efforts to resolve the delisting matter and achieve compliance with regulatory requirements that have been pending since 2013.