Hemang Resources Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/03/2026 ,inter alia, to consider and approve 1. To take note of the consent ....
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Hemang Resources has called a board meeting on March 12, 2026 (via video conferencing) at shorter notice due to business urgency. The board will consider taking note of consent received from holders of 2% Cumulative Preference Shares (unlisted) for modifying their rights and terms. It will also consider approving the redemption of these 2% Cumulative Preference Shares under Section 55 of the Companies Act, 2013. Additionally, the board will decide on payment of any accumulated cumulative dividend owed on these preference shares. The company secretary Risha Rahul Jain has signed the intimation.
The meeting agenda focuses on redeeming preference shares and clearing accumulated dividends on them, which could result in a cash outflow for the company but simplifies the capital structure by removing these unlisted instruments.