We are hereby informing the Shareholders that the EGM of the Company is scheduled to be held on March 12, 2026 at 12:00 noon via VC/OAVM.
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Awaiting price reaction for this filing.
Hem Holdings & Trading Ltd has called an EGM on March 12, 2026 at 12:00 PM via video conferencing to consider four special business items. Item 1: Appointment of M/s B.M. Gattani & Co. as Statutory Auditor to fill the casual vacancy caused by the resignation of M/s Harsh Jain & Associates (Ordinary Resolution). Item 2: Regularization of Mr. Ravi Manoharlal Kharwad as Managing Director (Executive Director - Operations) for 5 years effective December 16, 2025, with an annual gross remuneration of ₹2,40,000 (Special Resolution). Item 3: Appointment of M/s Ajay Suresh Yadav and Associates as Secretarial Auditors for 5 years (FY 2025-26 to FY 2029-30). Item 4: Surrender of the NBFC Certificate of Registration issued by RBI, as the company is unable to meet the ₹5 crore minimum Net Owned Fund requirement. The Register of Members will be closed from March 6 to March 12, 2026, and remote e-voting will run from March 9 to March 11, 2026.
The biggest takeaway is the proposed surrender of the company's NBFC registration with RBI — the firm is exiting its non-banking financial company business because it could not meet the ₹5 crore Net Owned Fund threshold. This represents a fundamental shift in the company's business model and shareholders should weigh in carefully. The other items (auditor change, MD regularization at modest ₹2.4 lakh remuneration, and new secretarial auditor) are routine governance matters.