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.

Pushpsons Industries has reported a substantial increase in profitability for the half-year ended September 30, 2025, according to the company's recently released unaudited financial results.

Financial Highlights

The investment company's performance shows a remarkable improvement compared to the previous year:

Key Observations

• Profit Surge: Pushpsons Industries witnessed an exceptional growth in profit after tax, increasing from Rs 0.48 lakhs in the previous year to Rs 35.29 lakhs for the half-year ended September 30, 2025.

• EPS Growth: The company's earnings per share (EPS) saw a corresponding rise, jumping from Rs 0.20 to Rs 14.71 year-over-year, reflecting the improved profitability on a per-share basis.

• Cash Position: Despite the profit increase, the company's cash and cash equivalents decreased from Rs 30.24 lakhs to Rs 3.63 lakhs, which may indicate investments or operational changes.

Management Commentary

The financial results were approved by the Board of Directors in their meeting held on November 14, 2025. Sangeeta Ketan Shah, Director of Pushpsons Industries, signed off on the financial statements, indicating management's confidence in the reported figures.

Auditor's Review

Harsh Jain & Associates, the company's statutory auditors, conducted a limited review of the financial results. They stated that nothing has come to their attention that causes them to believe that the financial results are not prepared in accordance with applicable accounting standards and SEBI regulations.

Investor Considerations

While the company has shown impressive growth in profitability, investors should note:

1. The significant decrease in cash and cash equivalents, which may warrant further investigation into the company's cash management strategies.
2. As an investment company, Pushpsons Industries' performance is closely tied to its investment decisions and market conditions.
3. The company's main business is investment activity, with no separate reportable segments.

Investors are advised to review the full financial statements and consider the company's investment strategy when evaluating this stock for their portfolios.

The unaudited financial results and additional information are available on the company's website and the BSE website for further scrutiny by interested parties.