H.M. Electro Mech Limited Announces Board Changes: New Independent Director and Promotion of Executive
H.M. Electro Mech Limited has made significant changes to its board composition. Ms. Riya Vipulbhai Kanani has been appointed as an Additional Director in the Independent category, bringing expertise in corporate income tax compliance. Mr. Harshal Mahendra Patel's designation has been changed from Non-Executive Director to Whole Time Director. These changes were approved in a board meeting on August 1, 2025, and are subject to shareholder approval at the upcoming General Meeting.
Mahendra Ramabhai Patel, a key promoter of H.M. Electro Mech Limited, acquired 51,200 equity shares through open market transactions between July 28-29, 2025. This increased his personal stake from 18.33% to 18.70%. The promoter group's total holding rose from 72.65% to 73.03%. The company has a total equity share capital of Rs 13.70 crore, with 1.37 crore shares of Rs 10 each. The transaction was disclosed in compliance with SEBI regulations.