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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Heera Ispat Limited held its 33rd AGM on 12th July 2025 at 4:00 PM in Ahmedabad, where all 6 resolutions were passed. The resolutions included adoption of FY25 audited financials (99.99% in favor), ratification of statutory auditors M/s Dhrumil A. Shah & Co. (100% in favor), and appointment of a Secretarial Auditor (100% in favor). Three resolutions — reappointment of a rotating director (Chirag Chandan), enhancement of borrowing limit under Section 180(1)(c), and conversion of unsecured loans into equity shares on a preferential basis to non-promoters — passed with 78.79% in favor but faced 21.20% dissent from public non-institutional shareholders. Only about 31.52% of total outstanding shares were polled, with promoters (10,60,900 shares) voting entirely in favor across all resolutions.
The preferential conversion of unsecured loans into equity for non-promoters and the enhanced borrowing limit both passed but saw notable minority opposition from public shareholders, which may raise dilution and debt-level concerns. The passage of all resolutions is procedurally complete, with no immediate price-moving impact expected beyond minor governance scrutiny.