We are hereby submitting the Scrutinizer Report along with the voting Results for the EGM conducted 12.03.2026
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Hem Holdings & Trading held an Extra-Ordinary General Meeting on 12 March 2026 via video conferencing where shareholders approved all four resolutions. The resolutions included: (1) appointing M/s B.M. Gattani & Co. as new Statutory Auditors, (2) regularizing the appointment of Mr. Ravi Manoharlal Kharwad as Managing Director, (3) appointing M/s. Ajay Suresh Yadav and Associates as Secretarial Auditors for a 5-year term, and (4) approving the surrender of the company's NBFC registration certificate with the RBI. All four resolutions passed with 100% votes in favour — 94,777 votes from 45 members, representing about 39.49% of the total 2,40,000 outstanding shares. Out of 180 shareholders on record, 25 public shareholders attended via VC while no promoter group members attended. Zero votes were cast against any resolution.
The most material change is the approved surrender of the NBFC registration with the RBI, signalling that the company is exiting its non-banking finance business and will likely refocus on other activities. The director and auditor appointments are routine governance matters. Low promoter participation and only 39.5% voting turnout mean the resolutions passed but with limited shareholder engagement.