Hem Holdings and Trading Limited has announced a significant leadership transition in its finance department following a board meeting held on March 5, 2026. The meeting, which took place at the company's registered office from 5:00 PM to 5:30 PM, resulted in immediate changes to the Chief Financial Officer position.

CFO Resignation Details

Ms. Supreet Kaur tendered her resignation from the position of Chief Financial Officer, citing personal and unavoidable circumstances as the reason for her departure. Her resignation became effective immediately on March 5, 2026. The company received formal notification through a resignation letter submitted on the same date.

New CFO Appointment

The board simultaneously appointed Mr. Ravi Manoharlal Kharwad as the new Chief Financial Officer, effective from March 5, 2026. This appointment was made based on the recommendation of the company's Nomination and Remuneration Committee, ensuring a smooth transition in financial leadership.

Professional Background

Mr. Ravi Manoharlal Kharwad brings substantial experience to his new role, with five years of expertise in finance, accounting, and financial management. His professional background encompasses financial planning, budgeting, compliance oversight, and managing financial operations to ensure efficient business processes. This experience positions him well to handle the financial responsibilities of the company.

Regulatory Compliance and Documentation

The company has fulfilled all regulatory requirements by notifying BSE Limited about these changes pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The formal communication was submitted to the Department of Corporate Services/Listing at BSE Limited, located at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai.

The notification included comprehensive details about both the resignation and appointment, along with required annexures and documentation as specified under SEBI guidelines. CS Taruna Gupta, serving as Company Secretary and Compliance Officer, digitally signed the submission on March 5, 2026.

The transition ensures continuity in the company's financial management while maintaining compliance with all applicable regulations and disclosure requirements.

Sangeeta Ketan Shah, a promoter of Hem Holdings & Trading Limited, has continued reducing her stake in the company through multiple transactions, with the latest being an off-market sale disclosed in a regulatory filing dated 27.02.2026. The promoter has now executed two separate transactions within a week, significantly reducing her overall shareholding in the listed entity.

Latest Transaction Details

The promoter sold an additional 9,800 equity shares through an off-market transaction executed on 25.02.2026. This latest sale represents 4.08% of the company's total share capital and voting rights, following her previous open market sale of the same quantum.

Cumulative Shareholding Changes

The two transactions have resulted in a substantial reduction in the promoter's shareholding pattern. The promoter's stake has declined from 14.00% to 5.83% through these consecutive sales.

Company Information

Hem Holdings & Trading Limited maintains its equity share capital at Rs. 24,00,000, comprising 2,40,000 shares of Rs. 10 each. The company's shares are listed on BSE Limited under scrip code 505520. The total diluted share capital remains unchanged following these transactions.

Regulatory Compliance

Both disclosures were made in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The promoter has fulfilled the mandatory reporting requirements for substantial changes in shareholding, ensuring transparency for market participants and regulatory authorities.

The consecutive transactions reflect the promoter's strategic decision to significantly reduce their stake in the company, though they continue to maintain a meaningful shareholding of nearly 6% in Hem Holdings & Trading Limited.