Extra Ordinary General Meeting of the company To be held on Monday, 30th March, 2026 at 12:30 P.M. at Registered Office of the company.
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Awaiting price reaction for this filing.
H.M. Electro Mech Limited has called an Extra Ordinary General Meeting on Monday, 30th March 2026 at 12:30 P.M. at its registered office in Ahmedabad. Two resolutions will be tabled: (1) A Special Resolution to expand the company's main objects in the MOA to include manufacturing of engineering and electronic goods, fabrication work, and new solar energy-related products like tanks and fins used in transformers for power and solar projects. (2) An Ordinary Resolution to approve a material related party transaction with Nitin Patel & Co., a partnership firm where the company's CFO Nitin Dhorajiya is a partner, covering sale and purchase of goods/services up to Rs. 25 crore each, totaling about 41.09% of the company's annual consolidated turnover. The Audit Committee has already approved the RPT as being on arm's length basis and in the ordinary course of business. The cut-off date for voting eligibility is Friday, 27th March 2026.
Shareholders should review both items carefully. The MOA expansion signals management's intent to diversify into solar energy components and broader engineering/fabrication work, which could open new growth avenues. The RPT with Nitin Patel & Co. is sizeable at ~41% of turnover, so shareholders may want to assess whether arm's length pricing is genuinely maintained given the CFO's connection to the counterparty.