HEM Holdings and Trading Limited 's Board of Directors held a meeting on December 16, 2025, via video conferencing from 06:00 P.M. to 07:15 P.M., approving multiple strategic appointments across key organizational positions. The decisions were made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Statutory Auditor Appointment

The board recommended the appointment of M/s. B.M. Gattani & Co., Chartered Accountants (FRN: 113536W) as the company's statutory auditors to fill the casual vacancy created by the departure of M/s. Harsh Jain Associates Chartered Accountants, Durg (FRN: 007639C). The appointment is effective from December 16, 2025, subject to shareholder approval in the General Meeting to be convened within three months.

M/s. B.M. Gattani & Co. is a chartered accountancy firm registered with the Institute of Chartered Accountants of India, offering professional services including statutory audit, internal audit, taxation, regulatory compliance, and advisory services across various industries. The firm follows a risk-based and process-driven audit approach, ensuring transparency, accountability, and strict adherence to applicable accounting and auditing standards.

Secretarial and Internal Audit Appointments

The board recommended M/s. Ajay Suresh Yadav and Associates as the secretarial auditor for a five-year term, effective December 16, 2025. The firm is peer-review certified with extensive experience in corporate law and regulatory compliance.

Mr. Ajay Yadav, the proprietor, holds a Master's degree in Commerce with over a decade of experience in the financial services sector. He previously served for six years with the Defaulter Section of the National Stock Exchange of India Limited, bringing expertise in secretarial audits, FEMA compliances, transaction advisory, and corporate governance.

Mr. Akash Somaram Prajapati brings over five years of experience in auditing, specializing in financial statement audits, compliance, and internal controls. He is skilled in identifying risk areas, implementing corrective measures, and ensuring regulatory adherence.

Managing Director Appointment

The board recommended the appointment of Mr. Ravi Manoharlal Kharwad (DIN: 02079606) as Managing Director for a five-year term, subject to shareholder approval in the ensuing General Meeting.

Regulatory Compliance and Communication

All appointments requiring shareholder approval are subject to ratification in the upcoming General Meeting, which must be convened within three months of the board's recommendation. The company has submitted detailed disclosures to the Bombay Stock Exchange as required under Regulation 30 read with Schedule III of the Listing Regulations and SEBI Circular CIR/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

The company secretary and compliance officer Taruna Gupta, with membership number A38630, has formally communicated these appointments to the BSE. These appointments reflect the company's commitment to strengthening its governance framework and ensuring compliance with regulatory requirements across operational areas.

Hem Holdings and Trading Limited announced significant changes in its corporate structure, including the resignation of its statutory auditor and the appointment of a new Company Secretary and Compliance Officer.

Resignation of Statutory Auditor

The company disclosed the resignation of its statutory auditor, M/s. Harsh Jain Associates, Chartered Accountants, effective November 17, 2025. This information was revealed in a regulatory filing to the Bombay Stock Exchange, in compliance with SEBI regulations.

Key Details of the Resignation

The auditor's resignation comes before the completion of their term, which was originally scheduled to expire at the conclusion of the Annual General Meeting in 2027. The company has stated that its Audit Committee and Board of Directors will take note of the resignation in upcoming meetings and recommend the appointment of new statutory auditors for shareholder approval.

Appointment of New Company Secretary and Compliance Officer

In a separate development, the Board of Directors of Hem Holdings and Trading Limited approved the appointment of Mrs. Taruna Gupta as the new Company Secretary and Compliance Officer on November 17, 2025.

Key Details of the Appointment

• Name: Mrs. Taruna Gupta
• Position: Company Secretary and Compliance Officer
• Qualifications:
  • Associate Member of the Institute of Company Secretaries of India (Membership No. A38630)
  • Bachelor of Commerce degree
• Experience: Expertise in matters related to the Companies Act, 2013

Regulatory Compliance

Hem Holdings and Trading Limited has complied with the regulatory requirements by providing the necessary disclosures as per SEBI Listing Regulations and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company has submitted detailed information about the auditor's resignation, including the reasons and the last audit/review reports submitted by the outgoing auditors.

Company Response

Sangeeta Ketan Shah, Managing Director of Hem Holdings and Trading Limited, signed the regulatory filing, affirming the company's commitment to transparency and compliance with SEBI regulations. The company has not reported any concerns or disputes related to the auditor's resignation, indicating an amicable separation due to the auditor's professional commitments.

These developments highlight the importance of maintaining strong corporate governance practices and ensuring smooth transitions in key roles such as statutory auditors and compliance officers.