We herewith submit the proceedings of the EGM held today
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Hem Holdings & Trading Ltd held its 1st Extra-Ordinary General Meeting for FY 2025-26 on 12 March 2026 via video conferencing, with 25 members in attendance. The meeting, chaired by MD & CFO Ravi Manoharlal Kharwad (with Shubham Jain chairing agenda 2), considered four special business items. Members approved the appointment of B.M. Gattani & Co. as Statutory Auditors and Ajay Suresh Yadav & Associates as Secretarial Auditors for a 5-year term (both passed as Ordinary Resolutions). The appointment of Ravi Kharwad as Managing Director (Executive Director - Operations) was regularized via a Special Resolution.
The most consequential item is the Special Resolution to surrender the company's NBFC registration with the RBI, signalling an exit from the non-banking finance business and a likely shift in the company's core operating focus. Shareholders should view this as a strategic restructuring move; the regularization of the MD's appointment also brings leadership continuity. Watch for further disclosures on how the freed-up capital or business line will be redeployed.