PLEASE FIND THE OUTCOME OF THE BOARD MEETING HELD ON 30TH MAY, 2025.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
By the next day the stock moved 5.2 pts more than Nifty Microcap 250 and 5.1 pts more than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Hem Holdings and Trading reported audited results for FY25 with a sharp swing to loss. Total revenue rose modestly to Rs. 37.46 lakh (vs Rs. 35.10 lakh), but PAT plunged to a loss of Rs. 120.31 lakh versus a profit of Rs. 15.16 lakh last year, with EPS at Rs. (50.13). The loss was driven by a one-time write-off of a Rs. 144.30 lakh unrecoverable receivable booked under 'other expenses' (Rs. 155.72 lakh vs Rs. 13.69 lakh). The board also reappointed Meena Naidu & Associates as Secretarial Auditor for five years (FY26–FY30) and appointed M D N & Associates as Internal Auditor. The auditor issued an unmodified opinion but flagged an Emphasis of Matter on the company's negative Net Owned Fund of Rs. (458.10) lakh, its non-compliance with the RBI's Rs. 5 crore minimum NOF requirement for NBFCs, and the receivable write-off. The company also sold Simplex Casting shares to a related party for Rs. 97.20 lakh and received Rs. 5.41 crore as advance against sale of its Mumbai land & building, which has been reclassified as 'held for sale'.
Despite an unmodified audit opinion, the results reveal serious red flags — the company is an NBFC with a negative Net Owned Fund, is non-compliant with RBI capital norms, and has stated it has no plans to infuse fresh capital, raising material going-concern doubts. Shareholders should weigh the loss, asset-stripping via related-party transactions, and regulatory compliance risk before holding or adding to positions.