H.M. Electro Mech Limited has announced the appointment of a new independent director to strengthen its board composition. The company's board of directors convened on January 1, 2026, to deliberate on key governance matters and approved significant leadership changes.

Board Meeting Details

The board meeting was conducted at the company's registered office on Thursday, January 1, 2026. The session was efficiently managed within a one-hour timeframe, demonstrating the board's focused approach to decision-making.

Key Appointment

The primary agenda item addressed during the meeting was the appointment of Mr. Jay Dineshkumar Shah as an Additional Director in the Independent Category. This strategic addition to the board reflects the company's commitment to enhancing corporate governance standards.

Director Profile and Qualifications

Mr. Jay Dineshkumar Shah brings substantial expertise to the board with his comprehensive background in financial services. His educational and professional credentials demonstrate strong alignment with the company's strategic objectives.

Regulatory Compliance

The appointment was formally communicated to BSE Limited in accordance with Regulation 30 of SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015. This regulation mandates listed companies to disclose material events and information that could impact investor decisions. The company's prompt disclosure demonstrates its adherence to regulatory requirements and commitment to transparency.

Corporate Governance Enhancement

The addition of an independent director to H.M. Electro Mech Limited's board represents a positive step toward strengthening corporate governance practices. Independent directors play a crucial role in providing objective oversight and ensuring that the company's operations align with stakeholder interests. Mr. Shah's appointment brings additional expertise and independent perspective to the board's decision-making processes, particularly in areas of financial planning, capital market operations, and regulatory compliance.

H.M. Electro Mech , a company listed on the BSE SME platform, has announced its unaudited financial results for the half year ended September 30, 2025. The company's Board of Directors approved these results at a meeting held on November 13, 2025.

Financial Highlights

The company has shown significant growth in its financial performance compared to the previous year. Here are the key highlights:

Operational Performance

The company has demonstrated strong top-line growth, with revenue from operations increasing by 67.9% year-over-year. This substantial growth indicates a significant expansion in the company's business activities and market presence.

Profitability

Despite the impressive revenue growth, the company's profitability metrics show a decline compared to the same period last year:

• EBITDA decreased by 28.4%, suggesting increased operational costs or pricing pressures.
• PBT and PAT declined by 26.8% and 20.4% respectively, indicating challenges in maintaining profit margins amidst rapid growth.

Balance Sheet Strength

As of September 30, 2025, H.M. Electro Mech's financial position remains solid:

• Total assets increased to ₹10,260.16 lakhs from ₹9,735.67 lakhs as of March 31, 2025.
• Shareholders' funds rose to ₹6,782.92 lakhs from ₹6,546.03 lakhs, indicating retained earnings and improved net worth.

Cash Flow and Liquidity

The company's cash flow statement reveals:

• Net cash used in operating activities: ₹(544.13) lakhs
• Net cash from investing activities: ₹566.79 lakhs
• Net cash used in financing activities: ₹(235.50) lakhs

The closing balance of cash and cash equivalents stood at ₹30.99 lakhs, down from ₹243.83 lakhs at the beginning of the period, suggesting a need for careful liquidity management.

Management Commentary

Dipak Palya, Chairman and Managing Director (DIN: 02188199), stated, "We are pleased with our strong revenue growth in the first half of FY2026. While we face some challenges in maintaining our profit margins due to rapid expansion, we are confident that our strategic initiatives will drive long-term value for our shareholders."

Auditor's Review

SVJK and Associates, the company's statutory auditors, conducted a limited review of the financial results. They reported that nothing has come to their attention that causes them to believe that the financial results do not present a true and fair view in accordance with applicable accounting standards and other recognized accounting practices and policies.

Future Outlook

With its robust revenue growth and strong balance sheet, H.M. Electro Mech appears well-positioned for future expansion. However, the company may need to focus on cost management and operational efficiency to improve its profitability metrics in the coming quarters.

Investors and stakeholders will be watching closely to see how the company balances its growth trajectory with profitability in the second half of the fiscal year.

Note: This article is based on the unaudited financial results of H.M. Electro Mech for the half year ended September 30, 2025, as approved by the company's Board of Directors and reviewed by its statutory auditors.